House for sale • 280 m² without real estate, Lower Saxony

For sale is a substantially well-maintained multi-family house from 1964, located in the center of Berenbostel. The property comprises five apartments with a total living area of approximately 280 m², plus an attic half that can be developed into about 45 m² of living space. All units are rented out and currently yield an average cold rent of approximately €7.60 per square meter.

The plot covers a generous 1,200 m² and offers not only ample green space but also garages, each rented for €50.

According to the appraisal, the roof is in a functional condition, although it should be re-covered and insulated within the next ten years. The façade is preserved in its original state, and the windows come from various construction periods. The heating system was overhauled in 2021 and is in a modern condition.

In the past, heavy rain showers and a high groundwater level led to moisture problems in the basement. These issues were, however, professionally remedied by installing submersible pumps in two locations under the floor slab!

Overall, this is a solid investment property with ongoing rental income, potential for expansion, and prospects for further development. The location of the house is highly appealing due to its proximity to the town center and good infrastructure. Shopping opportunities, public transportation, as well as schools and medical facilities, are all within a few minutes' reach.

Additionally, the central heating system was overhauled in 2022, and the electrical system in the basement has been centralized.