House for sale • 313 m² without real estateHüllreuthstr 13, , Bavaria

Two-Family House with 3 Residential Units, 312.5 sqm (Living Area) with Double Garage plus 3 Parking Spaces and Garden (180 sqm) – Top Yield for Investors

This attractive two-family house consists of 3 completely separate apartments, of which 2 are already securely rented and 1 large ground-floor apartment (150 m²) is vacant.

Ideal as an investment property or for entrepreneurs who wish to occupy a part of it themselves.

DETAILED PROPERTY DESCRIPTION – UPDATED VERSION

(GERMAN)

The property is located in the center of Michelau in Upper Franconia, in a quiet, family-friendly, and continuously modernizing community.

The house was originally built in 1970 and comprises 3 completely separate residential units, ideal for investors or entrepreneurs.

Building Structure and Technical Equipment

House Year of Construction: 1900

Extension and Renovation: 1969

Conversion from a single-family home to a two-family home: 2021

Last Renovation: 2025

Oil Heating – Replaced in 2012

The system is in excellent condition

Regular maintenance once a year

Efficient and reliable

Additional Heating Source:

High-quality wood stove in the living room of the ground-floor apartment, ideal for cozy warmth and lower heating costs

Energy Class: H

Many interior areas of the house have already been modernized, significantly enhancing comfort and quality of living.

One house facing the street, a masonry entrance staircase, a bathroom with sanitary facilities, internal access from the garage area directly into the house. A new kitchen and new water pipes have been installed in the living room. The former kitchen has been converted into a bedroom (water connections still present, ready for a potential reconnection).

The main bedroom has been completely renovated (plastering and painting) and fitted with PVC windows.

Installation of an external spiral staircase.

In both of the first-floor apartments, new flooring has been laid (PVC + laminate + vinyl).

Kitchen in the first apartment on the first floor: built in 2020.

In the second apartment: completely new kitchen and new bathroom, fully furnished in 2025.

Allocation of the Residential Units

Ground-Floor Apartment (150 m² – vacant)

• Separate entrance

• Very spacious living and dining area

• Attractive wood stove as an additional heating source

• 2–3 flexibly usable bedrooms

• Large living kitchen including kitchen (2021)

• Bright bathroom with shower and bathtub

• Direct access to the private garden

• Direct access to the large garage (up to 2 cars)

• Rental potential: €1,200–€1,300

Apartment on the 1st Floor – Unit A (rented)

• Bright living room

• Kitchen installed in 2021

• Bathroom

• 1–2 bedrooms

• Separate access via an external staircase

• Private parking space

• Long-term and reliable tenant

Apartment on the 1st Floor – Unit B (rented)

• Separate access via an external staircase

• Completely furnished

• Living room

• Bedroom

• Kitchen newly built and furnished in 2025

• Bathroom with shower and bidet, newly built in 2025

• Punctual and reliable tenant structure

• Private parking space

Location – One of the Major Advantages

The house is ideally located in the town center of Michelau, with excellent infrastructure and a short distance to all important amenities.

In the immediate vicinity there are:

• New, modern schools (including indoor pool)

• Kindergarten/daycare

• Doctors and medical services

• Supermarkets and shops

• Banks, post office, and service companies

• Sports clubs and recreational facilities

• Public transport – bus and train connections

The surrounding area is quiet, safe, and characterized by friendly neighbors and well-maintained houses.

Michelau is continuously developing, with ongoing modernizations in infrastructure, education, and public spaces – a reliable location for long-term investments.

Quality of the Living Environment

• Very quiet and pleasant residential area

• Friendly neighborhood

• High quality of life

• Ideal surroundings for families and seniors

• Stable rental demand → optimal investment

The complete furniture of the two rented apartments can be taken over upon request.

There is only a small additional fee of €7,000 on a negotiable basis for the complete furnishing – perfect for investors who wish to benefit immediately.

Rental Income & Yield

Current and potential rental income:

• Apartment 1 (rented): €600 cold

• Apartment 2 (rented): €600 cold

• Ground-Floor (150 m², vacant): ~€1,200 cold realistically achievable

Total monthly: €2,400

Total yearly: €28,800

Yield Data (Very Attractive!)

• Gross yield: 7.58% per year

• Payback period: 13.2 years

The property practically finances itself.