Commercial apartment building in Kassel, Germany, 311 m²

Germany. Kassel. Apartment building for sale in the city center - investment property
Address
Fasanenhof, 34125 Kassel
€590,000
311 m²
Property type: Apartment building
Plot size: 842 m²
Floors: 3
Annual rental income (actual) €30,000
Buyer's commission: None
Building structure and energy performance certificate
Property condition: In good condition
Heating type: Gas heating
Primary energy source: Gas
Energy performance certificate available
A detached six-apartment building in the city center, close to the university and hospital, is for sale. The building is located on a plot of 842 m² and has a total living space of approximately 311 m².
The house is detached on all sides and is surrounded by a spacious garden with a lawn and mature trees. The building is in good overall condition. The property is fully leased. The current net rent is €2,520. The tenants are primarily students and reliable. The building comprises six apartments ranging from 45 to 58 m². The layout is well thought out and suitable for single occupants, couples, or two people sharing a home. All apartments are currently occupied.
The apartments are well-equipped. Heating in each apartment is provided by gas stoves, and hot water is supplied by instantaneous water heaters in the kitchens. One apartment has its own gas central heating system. The apartments are in good general condition. Several apartments have recently undergone renovations, including new flooring and painting. The electrical wiring is already triple-wired. The windows are double-glazed.
The building has a full basement, but storage space is not rented out. The basement also contains a bicycle storage room, which is currently rented out. This property is a fully leased investment property in a sought-after location.
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