House for sale • 703 m² without real estateKörnerstr.13 Bremerhaven Goethestraße Bremen 27576

Property Description – Multi-Family House with Ten Residential Units

The property is a solidly built multi-family house with a total of ten residential units located at Körnerstraße 13 in Bremerhaven. The total living area amounts to approximately 703 m². The plot covers about 400 m² and offers tenants a small inner courtyard as well as a basement with individual storage compartments.

The building is in a solid condition. The facade, roof, and basement are maintained in accordance with their age. The overall technical condition is acceptable, though it has not been modernized. Heating is provided by gas boilers, which are present only in some apartments and in some cases need to be renewed. No central or modern heating system is in place.

Several areas require modernization, particularly in about 4 out of the 10 apartments. The necessary measures primarily include:

• Renewal of the floor coverings

• Redesign or renewal of the wall and ceiling surfaces

• Renovation of the bathrooms including sanitary facilities

• Replacement of individual gas boilers in the affected apartments

• Partial replacement of the interior doors

Additionally, the front entrance door should be renewed.

Overall, this is a classic existing building that offers further potential through targeted modernizations – both in terms of rental development and long-term value appreciation.

The property is located in the Lehe district – a central yet peaceful residential area of Bremerhaven. Uhlandstraße is situated in a well-established residential neighborhood predominantly characterized by houses and small commercial units. Sidewalks on both sides of the street make the area particularly tenant-friendly.

In the immediate vicinity, numerous shops, bakeries, supermarkets, and service providers are available, so that daily necessities can be easily reached on foot. The public transportation connection is excellent – bus routes will quickly and conveniently take you to the city center and the port.

Thanks to its proximity to schools, restaurants, and cafés on the vibrant Hafenstraße (about 6 minutes away) as well as to the harbor promenade (approximately 15 minutes), future tenants will benefit from high residential and leisure value. Parking is available directly at the property.

Advantages for Investors

• Central location with residential character – an ideal base for long-term rental income

• Appreciation potential – located in an established residential area with excellent connections and nearby amenities

Bremerhaven is increasingly developing into an important hub for offshore wind energy and the maritime economy. This is creating numerous jobs in the region and generating a positive economic climate, from which Lehe also benefits. In recent years, the city has significantly invested in research, technology, and education, offering additional prospects for future developments and the city’s growth.

Key Figures:

Renovation costs: approximately €90,000

Total investment including renovation: €670,000

Living area: 703 m²

Price per m²: €833/m²

Planned monthly rent: €5,408

Calculated annual rent: €64,890

Gross yield when fully rented: approximately 10.00%