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31737 Rinteln - Niedersachsen
Property Description: For sale is a fully renovated residential and commercial building located in the heart of Rinteln's city center. This property boasts an attractive combination of living and commercial spaces, making it a compelling investment opportunity for both landlords and owner-occupiers. With comprehensive documentation available, including architect plans, construction costs, permits, and drawings, this property offers a profitable and versatile potential for use. Property Details: - 2 flexible commercial spaces on the ground floor that can be rented separately or together. - A spacious apartment on the first floor (approximately 150 m²) with a barrier-free elevator leading directly to the unit. - An apartment on the upper floor to the right (approximately 75 m²) with the option to expand the attic space. - A studio apartment (approximately 42 m²). The property is currently rented out, generating rental income of approximately €2,800 per month. However, the current income is below market potential as some areas were rented out at discounted rates. According to the current rental index, monthly income of around €3,500 is realistic. Modernization and Condition: The building has undergone continuous renovations, resulting in a well-maintained overall condition. Portions of the facade were updated in 2017 and 2024, while the entire building was extensively renovated in the 80s and 90s. Details of the Commercial Spaces (Ground Floor): - Business space EG1 (right): Open layout with a mezzanine, generous storefront, separate kitchen, and restroom. Gas heating system was renewed in 2018. Available due to relocation. - Business space EG2 (left): Two floors with versatile uses, ample storefront, separate kitchen, and restroom. Gas heating system was approximately renewed in 2018. Available due to relocation. The commercial spaces offer flexibility and prime location for retail, office, or service businesses. Details of the Apartments: - Apartment OG1 (first floor, approximately 150 m²): 6 rooms, including a spacious kitchen and living area, 3 baths, access via staircase or private elevator (currently inactive). Gas heating system renewed in 2016. Available due to relocation. - Apartment 2 (attic 1 right, approximately 75 m²): Two spacious rooms, a large kitchen, updated bathroom, with access to expandable attic. Partially renovated windows, gas heating from around 2015. - Studio apartment Studio DG Studio (upper floor right, approximately 42 m²): Combined living, sleeping, and kitchen area, renovated shower room in 2024, gas heating system overhauled in 2024. Overall, this property offers a range of versatile spaces with a strong rental income potential. The location, modernization, and layout make it an attractive investment opportunity. Price Thoughts: The asking price of €365,000 reflects the value of this property, considering its prime location in Rinteln's city center, the versatile mix of residential and commercial spaces, and the potential for increased rental income. With its solid condition and modernization history, this property presents a compelling opportunity for investors or owner-occupiers looking for a profitable and versatile asset.
31737 Rinteln - Niedersachsen