House for rent in Bad Iburg - Niedersachsen, Germany

• Bad 5
• Garten

Property Description: For sale is this multi-family house built in 1995 on a 801 m² leasehold property in Bad Iburg-Sentrup. It offers a total of approximately 400 m² of living space spread across five residential units. The basement apartment has a total living area of approximately 52 m² and features a living room with an open kitchen, a bedroom, a bathroom, and an associated cellar room. In the two ground floor apartments, each with approximately 80 m² of living space, you will find a living/dining room, a kitchen, two bedrooms, a bathroom, and a hallway. Both units have their own terrace. The two attic apartments have the same layout as the ground floor, with an additional room in the converted attic and respective balconies. Each unit comes with its own cellar room. The basement also houses communal areas for bikes or drying laundry. The property includes seven parking spaces right in front of the house. The basement apartment and the one on the left on the ground floor have just become vacant. After some minor renovations, these apartments can be lucratively rented out. Or perhaps you may even consider moving into one of the units yourself and finance your own home through rental income. The current cold rent for the three other rented units is approximately 16,000 euros per year. The leasehold agreement runs until 2094, with an annual leasehold of 2,397 euros as of June 1, 2024. If this property has piqued your interest, request the detailed brochure with more information today! We look forward to your inquiries. Thoughts on Price: The asking price of 350.000€ reflects the size of the property, the number of residential units, and the potential for rental income. Given the location in Bad Iburg-Sentrup, the spacious living areas, and the added benefit of leasehold property with a long-term agreement in place, this property offers great value for investors and buyers looking to generate passive income. With a few upgrades and strategic rental management, this property has the potential to provide a solid return on investment in the long run.