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32756 Detmold
Gross Yield:
6.5%
Time to pay off with rent:
19.2 years
Price Difference:
-15000%
Expected Rent:
1000€/month
This property is a detached multi-family house located in the heart of Detmold. It consists of three residential units spread over two floors, a basement, and an expanded attic. The living areas of the units vary between 53 and 83 square meters, totaling an impressive 219.39 square meters of living space. The property also features a charming balcony, a terrace, and a parking space for residents. Originally built in 1958, the attic was converted in 1996, offering additional living space. Note that an internal inspection was not possible due to current conditions. Visible issues include cracks in the facade and damage at the base of the building, alongside some deficiencies noted in the windows. This property presents a unique investment opportunity with the potential for renovation and improvement, making it an attractive option for investors looking for multi-family housing in a desirable area.
32756 Detmold