House for sale • 602 m² without real estateMarienwerderstr.3, , Lower Saxony

Here you are offered the opportunity to acquire a multi-family house with 10 apartments as a package.

The house is particularly suitable for:

– People who require larger living spaces,

– People who wish to live together across generations,

– Companies looking for employee housing,

– Investors wishing to rent out workers’ apartments,

– Investors seeking housing for students,

– Investors interested in shared apartment (WG) rentals,

– For Airbnb rentals.

The basement-equipped residential complex is located in the desirable Linden-Mitte area of Hanover. It was built in 1910 with solid construction and is in very good condition.

Linden-Mitte is the cradle of Linden. The lively and diverse district of Linden-Limmer is characterized by the shops, restaurants, and cinemas along Limmer- and Stephanusstraße, surrounded by old houses and new residential developments. In the Linden market square, the main square of the district, both the old and the new town hall are located. A weekly farmers’ market takes place at Pfarrlandplatz. A green strip along the banks of the Leine and Ihme attracts joggers and cyclists. In spring, the Scilla Festival is held on Linden Hill.

• The apartments are fitted with wooden board floors and laminate flooring

• Double-glazed plastic windows

• 5 out of 10 apartments have already been completely renovated

• In 8 out of 10 apartments, the bathrooms have been renewed

The following renovation work has already been carried out:

• 2008: Renewal of the gas central heating

• 2012: Facade at the front of the house freshly painted

• 2012: Heating cost distributor replaced

• 2012: Smoke detectors and house bell renewed

• 2012: Maintenance joints in the bathrooms

• 2015/2016: Windows replaced throughout the house, except in the storage rooms

• 2020: New water meters installed in all apartments

• 2022: Facade at the back of the house freshly painted

• 2022: Roof repaired

• 2023: Rear courtyard redesigned

• 2023: Staircase freshly painted

Further details:

• A maintenance reserve is not present since the property is not subdivided.

• The certificate of separate completion has already been approved.

Currently, 7 apartments are unoccupied. These apartments are undergoing extensive renovation.

The costs for the renovation amount to approximately €143,000.

Furthermore, it is planned to add balconies. A building permit and an offer from a company are already in place. The cost for the balconies is approximately €140,000, and a down payment of €40,000 has already been made.

During the renovation until the apartments are rented, you will receive a commercial lease agreement from the company SimplyINVEST. This ensures that you have income during the construction phase.

You can find the breakdown of costs in the rental schedule.