House for sale • 1269 m² without real estateNeumünster Neumünster Schleswig-Holstein 24536

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An exceptional multi-family house in solid construction with seven apartments arranged in a row house style and approximately 384 m² of rentable space, located on a 1,269 m² arranged and very well-maintained plot in Neumünster Tungendorf.

Eligible terrace areas as well as sheds extend the living and usable area to approximately 474 m². The investment property is fully rented and offers a very satisfied tenant structure with clear residential conditions and communal order. The residential units vary in size and each has its own separate, covered apartment entrance.

The multi-family house was built in 1950; in 1969 a change of use was approved for one apartment that had previously been used as a row of shops. The exterior area, enclosed by a fence and an electric sliding gate, offers the tenants a pleasant privacy. In addition, on the well-kept property there are various stables, a solid individual garage, a carport, and car parking spaces.

It is noteworthy that the largest unit is equipped in such a way that it can easily be regarded as an end row house with 110 m², 5 rooms, and a separate corner plot. The living space spans several levels and offers freedom of movement; additionally, a fireplace not only provides cozy moments but also cost savings. The heating of the residential units is provided by separate gas heaters, which are located in the respective apartments. The majority of the hot water is produced via the heating system, with the exception of two apartments that use a boiler to generate hot water.

The net rental income per annum currently amounts to €45,720, plus operating costs, with an upward tendency. Heating, electricity, and water costs are billed directly by the suppliers. The gas units are mostly Junkers, with one Vaillant from the late 1990s.

Overview of the individual residential units:

Apartment 1:

Ground floor, 2 rooms, 46 m², kitchen, bathroom, hallway, gas heating, separate entrance.

Rent: €440 + €70 operating costs, heating and electricity are billed directly.

Apartment 2:

Ground floor, 2 rooms, 47 m², kitchen, bathroom, hallway, gas heating, separate entrance.

Rent: €420 + €70 operating costs, heating and electricity are billed directly.

Apartment 3:

First floor, 2 rooms, 49 m², kitchen, bathroom, hallway, gas heating, separate entrance.

Rent: €430 + €75 operating costs, heating and electricity are billed directly.

Apartment 4:

Ground floor, 1 room, 32 m², kitchen, bathroom, hallway, gas heating, separate entrance.

Rent: €340 + €50 operating costs, heating and electricity are billed directly.

Apartment 5:

Ground floor, 2 rooms, 46 m², kitchen, bathroom, hallway, gas heating, separate entrance.

Rent: €420 + €70 operating costs, heating and electricity are billed directly.

Apartment 6:

First floor, 2.5 rooms, 54 m², kitchen, bathroom, hallway, gas heating, separate entrance.

Rent: €510 + €100 operating costs, heating and electricity are billed directly.

Apartment 7:

Ground + first floor, 5 rooms, 110 m², kitchen, bathroom, hallway, gas heating, fireplace, plot share, separate entrance, car parking space.

Rent: €1,250 + €160 operating costs, heating and electricity are billed directly.

Step-rent contract: €1,492.57 until September 1, 2031.

This promising property is located in Neumünster Tungendorf, one of the most popular districts in Neumünster. Tungendorf is a charming and desirable district in the north of Neumünster, right in the heart of Schleswig-Holstein. This district offers a well-developed infrastructure with all the shopping facilities for daily needs, kindergartens, schools, doctors, pharmacies, banks, and leisure activities, as well as excellent highway and bus connections.

Tungendorf is bordered by:

– Kieler Straße in the west

– Preetzer Landstraße in the north

– The Dosenbek stream in the east

– The (disused) Neumünster–Ascheberg railway line in the south

Approximately 11,700 people live in Neumünster/Tungendorf. The following schools can be found here:

– Rudolf-Tonner-School (primary school)

– Pestalozzi-School (primary, secondary, and high school)

• 7 residential units in row house style

• Solid construction

• Separate apartment access

• Pitched roof construction

• Fully rented

• 384 m² of rentable area

• 1,269 m² plot

• Annual net rental income of €45,720 with an upward trend

• Ancillary buildings/stables not rented

• Solid individual garage

• 2018 Carport

• Driveway including car parking space

• 2015 Electric sliding gate

• Pleasant privacy

• 2018 Building repaint

• Fireplace

• Sought-after residential location

• Top tenant structure

• Peaceful tenant community