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31812 Bad Pyrmont
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Property Description This beautifully renovated multi-family house, which has been in the same ownership for approximately 60 years, is located in the center of Bad Pyrmont. It consists of nine furnished apartments, all of which are fully rented out, mainly to employees of the Pyrmont Hospital. Vacancies are rare, typically filled within a few weeks after a tenant moves out. Built in 1900, the house underwent significant renovations in the 1980s, including a loft conversion, and has been well-maintained and renovated since then. The apartments are rented out as furnished units, some on long-term leases, and come fully equipped with everything from bedding to kitchen supplies. The living space is distributed as follows among the different units: - Basement: One 50m² apartment - Ground floor: Two apartments of approx. 39m² and 54m² each - First floor: Two apartments of 44m² and 46m² each - Attic: Three apartments of 20m², 22m², and 35m² each - Separate annex: One 50m² apartment The basement also features a communal laundry room for the tenants' use. Additional documentation on this property can be provided upon request. Price Thoughts: Given the prime location in the city center of Bad Pyrmont, the long-term rental income potential from the fully-leased apartments, and the excellent condition of the property, the asking price of 449,000€ seems justified. With a history of consistent rental income and the possibility for future appreciation, this property could be a solid investment opportunity for the right buyer.
31812 Bad Pyrmont