House for sale • 202 m² without real estate, Bavaria

Investment Highlights for Capital Investors

This well-maintained multi-family house presents a rare opportunity for investors who value substance, location, and an attractive yield. Thanks to continuous maintenance over the past decades, no immediate need for extensive renovation exists.

1. Attractive Rental Yield:

With a monthly basic rent of €1,764.00 and a stable tenant structure, the property offers immediate cash flow. The units are excellently leaseable over the long term, thanks to their layout (terrace on the ground floor, balcony on the first floor).

2. Energy Security & Maintenance:

The building was equipped in 1996 with an external thermal insulation composite system (ETICS) and a new roof. The heating system has been professionally serviced, and the bathrooms on the first and top floors have been modernized. A new fitted kitchen has been installed in the attic, and the balcony railing has been renewed. A new front door will be installed before sale.

Property Description & Features

The house impresses with its clear structure and spacious outdoor areas:

Ground Floor (approx. 78 m²): A 3-room apartment with kitchen, bathroom, and separate WC. This unit features a sunny terrace with direct access to the large garden. The bathroom was equipped with a new bathtub in 2023, featuring a modern splash wall covering. It is rented on a long-term basis.

First Floor (approx. 78 m²): A 3-room apartment with kitchen, bathroom, and separate WC. It has a spacious balcony (railing renewed). The apartment was modernized in 2017 (including a new bathroom) and is currently available.

Attic (approx. 46 m²): The converted attic, completed in 1989, offers a cozy residential unit that was comprehensively renovated in 2022 (new bathroom, new fitted kitchen). It is currently rented.

Outdoor Area & Basement: The property is fully basemented, providing ample storage space for all residents. The house includes two garages, and the large garden offers plenty of space for relaxation.

Location Description: Quiet, Family-Friendly, Central

The property is situated in one of Altenkunstadt’s most desirable residential areas. The quiet side street guarantees a high quality of living. Particularly attractive for young families is the direct proximity to the playground.

Altenkunstadt itself offers excellent infrastructure with a wide variety of shopping options, schools, and doctors. The good transport connections to the B173 and the proximity to Lichtenfels and Kulmbach make the location permanently attractive for commuters and tenants.

Property Overview

Property Type: Detached Triple-Family House

Location: 96264 Altenkunstadt (Quiet Residential Area)

Year Built: 1972/73 (Continuously Modernized)

Plot Area: Approx. 524 m²

Living Area: Approx. 202 m²

Units: 3 Residential Units (Ground Floor, First Floor, Attic)

Parking: 2 Garages

Rental Income: €1,764.00 in monthly basic rent

Special Feature: Fully Basemented, Large Garden, Directly Next to the Playground