Flat for sale 3+1 • 69 m² without real estateKedenburgstraße 39 Hamburg Wandsbek Hamburg 22041

This well-maintained apartment at Kedenburgstraße 39 represents an excellent investment – particularly for investors looking to serve the student housing market in Hamburg. For over nine years, the apartment has been successfully and continuously rented to three different shared living communities – always straightforward and without any issues with neighbors. Its very strong rentability has been practically proven.

At a glance:

• Traditional Hamburg pre-war building from 1929 featuring solid clinker masonry construction

• Well-maintained building with 18 residential units, predominantly owner-occupied

• Generous plot of 1,107 m² according to the land register

• Extensive roof renovation already carried out in 2024

• Further energy-efficient renovations planned, with a high proportion eligible for subsidies

• Planned balcony extension for all apartments – a significant upgrade for the building

• Financing of the measures, among other means, through reserves and the sale of roof space (with 4 new apartments planned)

• Two heating systems (gas & oil, built in 2004), both fully functional and independent of each other

• Attractive tax depreciation possibilities through energy-efficient measures

• Apartment on the Mezzanine (1st floor) with 68.1 m² of living space

• Ceiling height of 2.70 m, ensuring light-filled, airy rooms

• Three similarly sized rooms, perfect for a student shared apartment

• Kitchen-living area with a storage room, bathroom with a window and bathtub

• Charming wooden plank floors, partially fixed – no creaking

• Private basement compartment of approximately 9 m², with a window, electricity, and lighting – also suitable as a workshop

• Seamless, straightforward rental to student communities for over 9 years

• Very good yield compared to alternative investment products

• Net cold rent amounts to €14,267.04 per annum

• Quiet residential street with good parking options and an underground garage across the street

The offered apartment is located on the Mezzanine (1st floor) and, according to the declaration of division, has a size of 68.1 m². It impresses with a ceiling height of approximately 2.70 m, which allows for plenty of daylight and creates an exceptionally spacious atmosphere.

The apartment features three similarly sized rooms, a cozy kitchen-living area with an adjoining storage room, and a custom-made built-in closet in the hallway. The bathroom is equipped with a bathtub that can also be used for showers, and it has a window. The flooring is laid with wooden planks, some of which were previously fixed to prevent creaking – a classic old building detail with a lot of charm.

Additionally, the apartment includes a basement room of approximately 9 m². This room is solidly constructed, has a window, lighting, and electricity, making it ideal also as a workshop. Furthermore, residents have access to a communal laundry room. Conveniently, the current tenants’ washing machine is installed directly in the storage room within the apartment.

Kedenburgstraße 39 is situated in a central yet pleasantly quiet residential area in the popular Hamburg district of Wandsbek. For capital investors and landlords, this address is an excellent choice – particularly for the student demographic. This is primarily due to the very good connection to the university locations around Berliner Tor, where both universities and technical colleges are situated. With public transport, students can quickly and conveniently reach lecture halls, reinforcing the attractiveness of this location for shared apartments.

Furthermore, the surroundings impress with a broad gastronomic variety: from small cafés and international cuisine to trendy bars, there is something for every taste. Recreational activities are well catered for too – sports clubs, fitness studios, and green spaces provide numerous opportunities for exercise and relaxation.

Another highlight is the nearby “Quarree Wandsbek” shopping center, which invites visitors to stroll and linger with its numerous shops, restaurants, and a modern cinema. Also practical for both students and owner-occupiers is the good local supply: a Bauhaus store as well as numerous specialized and grocery markets are located in the immediate vicinity.

Kedenburgstraße itself is a quiet residential street with excellent parking facilities. For those interested, it is even possible to rent a parking space directly across the street in the underground garage – an advantage not to be underestimated in a metropolis like Hamburg.

All in all, this location is an ideal mix of tranquility, urbanity, and perfect infrastructure – making the property a safe and highly profitable investment.