Residential and commercial building divided according to the WEG

The property is a multi-family residence built around 1912 and divided under the German Condominium Act (WEG), comprising a total of 13 apartments. The fully leased apartments are spread across four full stories and an attic floor that was converted in 2018, located in a front building with a small side wing. The very well-maintained backyard was renovated about ten years ago, creating a total of ten parking spaces, a bicycle parking area, and a trash collection area. The property is accessed via a very attractive stairwell; the entrance area, in particular, impresses with charming stucco elements and detailed furnishings, including lighting fixtures from France and a custom-made mirror. Overall, the property is in exceptionally well-maintained condition. The most recent renovations took place within the last five years; in 2021, all combi-boilers were replaced. In 2024, all windows—except for three on the courtyard side—were replaced with modern, triple-glazed, soundproof windows. The residential units were extensively and high-quality renovated as tenants moved in. With the exception of the ground-floor units, all apartments have a balcony. One of the two ground-floor units has two terraces. An open courtyard layout ensures good natural light in all units. All but one apartment have a basement storage unit. The apartment without a basement storage unit is equipped with a storage room. In 2016, the property was subdivided in the land registry in accordance with the German Condominium Act (WEG). This results in five statutory preemptive rights for the tenants. The property is not located within the scope of a preservation ordinance nor in a formally designated redevelopment area. Not in a protected neighborhood Sought-after residential area Good condition Good public transportation access Gas-fired individual heating systems Energy efficiency class D Balconies High-quality attic conversion Fully leased Average residential rent: 11.85 EUR/sqm Average commercial rent: 8.76 EUR/sqm 38601