House for sale in Lippstadt, Germany

• Keller

Property Description: Welcome to this well-maintained multi-family house, built in solid construction in 1959. Originally planned as a 4-family house, the property underwent a valuable expansion in 2000/2001 with the conversion of the attic, now offering a total of around 388 m² of living space spread across six rented residential units. The apartments overview: On the ground floor and upper floor, there are four spacious 3-room apartments, each approximately 73 m². Each unit features a well-thought-out layout, consisting of an inviting living room, two bedrooms, a kitchen, a bathroom, a hallway, and a balcony perfect for relaxing. In the attic, there are two charming apartments with areas of approximately 47 m² and 48 m². These units are also functionally designed and include a living area, bedroom, kitchen, bathroom, hallway, and a practical storage room. A special highlight is the small, cozy rooftop terraces, providing residents with a beautiful view and outdoor retreats. Features and Modernizations: The multi-family house impresses not only with its attractive location but also with a solid equipment including: - Solid construction, exterior plaster facade, plastic windows with double glazing - TV connection via cable television (Unitymedia) In recent years, several modernizations have been carried out to enhance living comfort: - Renewal of the heating system in 2000 - New roof covering and installation of two dormer windows (2000) - Balcony renovation in 2022 Investment with stable rental income: All six residential units are currently rented, ensuring an attractive annual net rental income of approximately 28,788 EUR. In addition, there are five outdoor parking spaces available, offering residents additional convenience. Contact us for further information or to schedule a viewing. We look forward to your inquiry! Thoughts on Price: The asking price of 565,000€ for this property in Lippstadt seems reasonable considering the stable rental income and the recent modernizations that have been carried out. With all six units currently rented out and additional outdoor parking spaces available, this property presents a great investment opportunity for those looking to generate income through rental properties. The solid construction and attractive location further add to the value of this multi-family house.