House for sale in Bad Iburg - Niedersachsen, Germany

• Bad 5
• Garten

Property Description: For sale is this multi-family house built in 1995 on an 801 m² leasehold property with purchase option in Bad Iburg-Sentrup. The property boasts a total of approximately 400 m² of living space spread across five residential units. The basement apartment offers a total living area of approximately 52 m² and includes a living room with an open kitchen, a bedroom, a bathroom, and an associated cellar space. The two ground floor apartments each have living areas of approximately 80 m², comprising a living/dining room, kitchen, two bedrooms, bathroom, and hallway. Both units also have their own terrace. The layout of the two top floor apartments mirrors that of the ground floor, with the added bonus of an additional room in the converted attic and respective balconies. Each unit comes with its own cellar space. In the basement, you'll find communal areas for bicycles and laundry drying. The property also includes seven parking spaces right outside the front door. The basement apartment and the left ground floor apartment have just become vacant. With some minor renovation work, these units could be lucratively re-rented. Alternatively, you may even choose to move into one of the apartments yourself and let the rental income help finance your own home. The current annual gross rent of the other three rented units amounts to approximately 16,000 EUR. The leasehold agreement runs until 2094, with the annual leasehold payment set at 2,397 euros as of June 1, 2024. Intrigued? Request the exposé for more detailed information today! We look forward to your inquiries. Thoughts on Price: The property in Bad Iburg-Sentrup offers a substantial amount of living space across multiple units, providing various rental or living opportunities. The convenient location, ample parking, and potential for additional income make it a promising investment. The price of 350,000 EUR reflects the value of the property, taking into account the leasehold arrangement and the current rental income. With some strategic renovations and management, this property has the potential to generate a good return on investment in the long run.