House for sale in Melle/Riemsloh - Niedersachsen, Germany

• Anzahl der Etagen im Haus 2
• Küche Einbauküche
• Bad 7
• Bad Wanne
• Boden Fliesen, Laminat, Kunststoff
• Balkone 0
• Garten
• Terrassen 1
• Garage/Stellplätze 3
• Carport 1
• Keller

Property Description Great opportunity for investors and capital investors in Melle Riemsloh. Multi-family house with 4 residential units. Current rental yield of 8.1% with potential to increase to 9.2%. Additional Potential: - Expandable attic (sufficient ceiling height, separate access already in place) - Development potential on the 1767m2 plot for building land, some areas already buildable! The property was built in 1910, with only the basement of the right building part and exterior walls remaining from that year, which were restored in the 1970s. Extensive renovation and expansion work took place between 1972 and 1977 and in the following years, including: - New roofing for the entire building - Cladding of the entire building except the garden side - Construction of three garages and a carport - Addition on the left side of the property - Renovation of main utility systems: water, sanitation, electricity - Central oil heating system from 2002, regularly maintained - Apartment renovation on the 1st floor in 2022 (bathroom, floors, some heating pipes, walls) - Energy measure: New flat roof with insulation in 2024 Current total annual rental income (actual): €33,100 (yield of 8.1%) Includes: - Rental income from apartments: €27,800 - Other income: €5,300 from advertising, vending machine, garages, garden, inventory Potential total annual rental income (projected): €37,440 (yield of 9.2%) Includes: - Rental income from apartments: €31,440 based on renting all apartments at local market rate of €8.50/m2 - Other income: €6,000 Unallocated costs: €300 for property management. The property and tenants are currently professionally managed by a property management company. This is a private sale without a real estate agent involved. No brokerage fees. We look forward to your inquiry! As for the price of €409,000, it seems to be in line with the rental income potential and the property's features. The solid rental yield and potential for further development make it a potentially attractive investment for the right buyer.