Description
For sale is this well-maintained multi-family house with a total of six fully rented residential units in a quiet residential area of Wittlich. The property has a total of approx. 432 sqm of living space on a generous plot of approx. 1,424 sqm. The different apartment sizes of approx. 60 sqm to 85 sqm cater to various tenant groups and make the property especially interesting for investors. The multi-family house was originally built in 1956, is basemented, and heated by a gas central heating system. The double-glazed windows were partly renewed in 2005. Despite its age, the building is generally well maintained. The two ground-floor apartments each have two terraces and a garden share with direct access. The two apartments on the 1st floor each offer two balconies. On the 2nd floor, there are two additional compact residential units. A special potential is offered by the spacious rear plot area: behind the existing multi-family house, there is an additional building area, which offers interesting possibilities for future development of the site. A concrete further development is to be coordinated with the responsible authorities within the framework of the applicable building regulations. Apartment Overview Apartment 1 – Ground floor left approx. 72 sqm living space, 3 rooms Kitchen, bathroom, 2 terraces, and garden share Apartment 2 – Ground floor right approx. 85 sqm living space, 3 rooms Kitchen, bathroom, 2 terraces, and garden share Apartment 3 – 1st floor left approx. 70 sqm living space, 3 rooms Kitchen, bathroom, and 2 balconies Apartment 4 – 1st floor right approx. 85 sqm living space, 3 rooms Kitchen, bathroom, and 2 balconies Apartment 5 – 2nd floor left approx. 60 sqm living space, 1 room Kitchen and bathroom Apartment 6 – 2nd floor right approx. 60 sqm living space, 2 rooms Kitchen and bathroom Key Data 6 residential units Approx. 432 sqm total living area Approx. 1,424 sqm plot area All apartments currently rented Built around 1956 Basemented Gas central heating Double glazing, windows partly renewed in 2005 Total of 15 rooms Terraces and garden shares on the ground floor Two balconies each on the 1st floor Additional building area on the rear site Well-maintained overall condition Ideal as an investment property Thanks to the full rental of all six units, the property is particularly suitable for investors seeking a multi-family house with existing rental agreements. The combination of differently sized apartments, a total living area of approx. 432 sqm, and the spacious plot of approx. 1,424 sqm provides an interesting basis for a long-term real estate investment. Additional value is provided by the building area behind the existing building, which opens up further development potential. Location The property is located in a quiet residential area of Wittlich. Shops for daily needs and public transport are easily accessible; elementary school and kindergarten are also part of the local infrastructure. Wittlich, as an established residential and economic location, offers good infrastructure as well as a favorable location between the Eifel region and the Moselle. Purchase Price Purchase price: €690,000 Plus 3.57% buyer’s commission including statutory VAT on the notarized purchase price. Did we spark your interest? We are happy to provide you with further information about the property, existing rental agreements, and the plot of land, and to arrange a viewing appointment.
Ref atHome 9288576
Ref Agency 87275693