House with terraceBaden-Baden (Germany)

Price :

$1,354,600

USD

Euro € EURAmerican Dollar ($ USD)British Pound (£ GBP)

Surface418 m²bedrooms14 bathrooms4 land669 m²

attractive multi-family house as an investment, 4 floors, 4 residential units, well rented, very centrally located, renovated, modernized, sustainably managed, central residential area in a semi-high location*This exposé is available in German, English and Russian.

An ideal investment in the middle of Baden Baden.This listed apartment building from the turn of the century impresses with its charm and versatility.The building was erected in 1904 on the 669 m2 plot.The air-conditioned attic duplex apartment (7 rooms, kitchen, 2 balconies, 1 bathroom, 1 guest toilet, 2 corridors, pantry), which is about 145 m2 in size to the already existing 3 residential floors plus newly developed, is suitable as a further potential for profitable rental in order to increase the return on the property (net cold rent would be set at € 1,850 NKM).The other 3 apartments (on 3 floors) below are rented for an indefinite period and still have significant, successive rent increase potential.Alternatively, it is also a good idea to move into the attic maisonette yourself or to use it as a branch in Baden Baden, while the property finances itself through the rental income of the lower floors.*Basement:approx. 69.53 m2 with 2 rooms, forecourt, laundry room, passage to the front garden to the garden*Ground floor:approx. 81.14 m2 living space, 3 rooms, forecourt, kitchen, bathroom, guest toilet*1st floor: approx. 96.59 m2 living space, 4 rooms, hallway, kitchen, storage room, bathroom, loggia, balcony*2nd floor: approx. 96.59 m2 living space, 4 rooms, hallway, kitchen, storage room, bathroom, loggia, balcony*Attic maisonette:approx. 144.17 m2 living space, of which on the lower floor: 95.96 m2 living space, 3 rooms, hallway, kitchen, guest toilet, 2 balconies of which on upper floor : 48.21 m2 living space, 4 rooms, hallway, bathroomIn addition, the property has a very large garden, which will currently be used jointly by the tenants and will also be maintained by them.On the garden there is a garden and a greenhouse.The tenants bill gas and electricity directly to the suppliers according to their own use. The general ancillary building costs only include corridor electricity, waste disposal, sewage/water, property tax, building insurance, etc. with a monthly charge of € 267.00.*Current ACTUAL rental income: The current ACTUAL rental income of all 4 residential units now brings about € 47,000/p.a. net cold rent. The gross rent is about € 51,800/p.a.*TARGET rental income of successive adjustments:The target rental income including successive further rent adjustments (fair rental potential) would be around € 56,400/p.a. Net cold rent and € approx. € 61,200/p.a. gross warm rent.After Baden Baden was recently declared a UNESCO World Heritage Site, the property is ideally suited due to its location and condition as a value-preserving investment, for self-living and renting, or as a pure capital investment for rental purposes.

*Equipment:- modern gas floor heaters from 2019- Daikin air conditioning in the attic- Floors: plank floors, parquet, laminate, vinyl- Insulating glass windows- tiled stove / fireplace in the attic- Attic insulated- Slate roof from 2009 (very robust!)- 3x well-kept 3ZKB each with a balcony and cellar compartment / fully rented- freshly renovated (2022) spacious attic duplex apartment (7 rooms in total) with 2 balconies, air conditioning (AC), guest toilet, bathroom with bathtub and very large shower (160x80)*Here are some structural details about the property:- Slate roof re-roofed around 2009- all floors were equipped with modern gas floor heating systems in 2019- Electrics: new common meter cabinet in the basement installed in 2022- entire electrical system of the attic has been renewed (5-wire)- new fuse cabinet set.- Attic newly insulated in 2022- Complete renovation of the large duplex apartment in 2022- All apartments have been continuously modernized and present themselves in a well-kept overall condition- The entire property has insulated windows / only the stained glass windows in the stairwell are still partly single glazed for historical reasons.- The property has a full basement- A declaration of division of the individual apartments in the apartment building is possible, due to the given structure and premises- special metal safety door for lowering in front of the attic duplex apartment for additional burglary protection.- installed functional stairlift installed up to the attic apartment, approved since 2003 of installation.

The apartment building offered here is located in a semi-altitude location in a popular and green residential area near the center (pedestrian zone). For example, Lichtentaler Allee is only 5-7 minutes away on foot. A bus connection is practically across the street. There are also numerous parking facilities around the property.

*Interested parties of this ad:For inquiries, we ask for complete sender details.Please include address, telephone, fax and email.We ask for your understanding that shipping is unfortunately not possible without the aforementioned information.All data as well as information available to us are based on the information provided by the owner or come from property documents and are reproduced here to the best of our knowledge.We reserve the right to make mistakes and prior sale.The legal obligation arises exclusively from a notarized purchase contract.*Would you like to sell your property?We may already have a buyer for you, as our customer network has stored the corresponding search profiles nationally and internationally.We accompany you professionally with your property in all technical and legal processes related to the sale of your property.We advise you with our experience in the realistic valuation of your property and the joint purchase price.Of course, we accompany you through the sales procedure until the handover of the property.*You can find more attractive offers of vacant and rented condominiums and other real estate properties at:www.av-immobilien-berlin.deWe also have a sustainable network of financing options to support our customers with our properties.You are also welcome to contact me by phone directly at +49(0)17...- 84055531....Aleksander Vukas, Real Estate Specialist, Real Estate EconomistAV Immobilien Berlin - Real Estate Consulting & Agency