Apartment house in city Marsberg
280.00 sq.m.

€ 128 600

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Germany. Marsberg. Apartment house 280 sq. m.
Apartment house (under renovation) in Germany in the city centre, 34431 Marsberg, North Rhine-Westphalia.
The 280 m2 (land 900 m2)
Object type apartment house
Object code id16166
The price of the object 128 600 €
Price per m2 457,14 €
The City Of Marsberg
Floors 1-2-3
Total area 280 (plot 900 m2) m2
The object is rented
Commercial/residential units
3 apartments and commercial premises
Annual income actual 8400 (~ 6,53%) €
- Central heating
object in need of repair
- great location in the heart of the city
- assessment of the land alone, approximately 80 000 Euro
- room area of 50 m2 and 230 m2 of living
Currently in need of renovation this property consists of three apartments in the main building, a large working room in the annexe, another small workshop at the rear of the outbuildings and garage.
900 square meters of land plot of land (worth about 80,000 euros).
The apartment is on the first floor (60 sq m) currently empty, floor 2 (110 sqm) and attic - attic (60 sqm) leased.
Income, including outbuildings, currently amount to about 700 euros per month.
A year at the moment, the income - 8400 Euro
Condition
The condition of the house, of course, is classified as in need of repair, in addition, the apartment is self-contained and is only available with a common ladder. We see the need for investment, particularly in the legacy window, almost 30 years of heating, the division into separate apartments, for example, via a separate staircase, and General repairs of the interior.
Potential
The simplest thing one could imagine is a reconstruction, and the subsequent creation of three well-leased facility in a great location. But there are also additional potential for expansion for additional living space or a separate non-production branches.
In principle, it is possible to complete the demolition of property and the creation of new residential and commercial building in a great location.
There is a choice of apartments and houses in various budget, including commercial facilities.

Seller information

Seller type Agency
Company YouLand

Location of the property on the map

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