For sale is a well-maintained multi-family house with a total of 10 units, consisting of 7 residential units, 1 convenience store, and 2 commercial units (Thai massage and IT company).

The building was constructed in 1961 using solid construction with concrete floors and has been extensively modernized in recent years.

The property impresses with a solid and long-standing tenant base, a central location, and numerous ongoing renovation and maintenance measures. Both the basement and the attic are available to the tenants for communal use.

Additionally, 3 garages are leased long-term and generate extra income.

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Property Data

• Property Type: Multi-family house with commercial component

• Year of Construction: 1961

• Plot Size: approximately 251 m²

• Total Area: 596.2 m², divided into Commercial 208.85 m², Residential 387.35 m²

• Total Number of Units: 10 (7 Residential / 3 Commercial)

• Garages: 3 (rented)

• Floors: 4 full stories + Basement + Attic

• Construction: solid, concrete floors

• Heating: Gas heaters in each unit

• Energy Performance Certificate: available

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Renovations and Upgrades (Excerpt from Recent Years)

The building as well as the residential units have been regularly modernized and technically updated to current standards.

Key Measures at a Glance:

• Plastic windows (renewed 1992/1993)

• Facade with insulating coating

• Chimney renovation approx. 2012

• Roof insulation approx. 2014

• Renovation of the stairwell approx. 2014

• Reinforcement of the staircase exit towards Ölstraße, stone work

• New intercom system with video function

• Sewer inspection and repair 2019

• Dormer renovation 2023/2024

• New chimney construction 2024

• Partial renovation of the facade facing Ölstraße / Nürnberger Straße

• Ongoing renovations of individual units after tenant departure

Technical Upgrades:

• Gas pipelines from the basement to the attic completely renewed

• New electrical riser cables installed from the basement to the attic

• New meter cabinet installed in the basement

• New building water connection with a modern filter and shutoff system

These measures ensure a contemporary technical standard and significantly reduce future maintenance requirements.

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Tenancy

The property is fully rented.

Gross rent currently approx. €85,000 p.a.

Net rent currently approx. €70,000 p.a.

The individual rental areas, rental income, and tenancy details can be found in the accompanying Excel tenant list.

Due to the combination of residential and commercial spaces, a stable rental yield is achieved with attractive returns and additional potential.

The multi-family house is located in the heart of Zirndorf, in immediate proximity to the city center.

Public transport, shopping opportunities, dining, schools, and leisure facilities are all in the immediate vicinity.

The city center as well as the main train station are just a few minutes away, making the location highly attractive for both residential and commercial tenants.