Revenue house 882 m² in Wolfhagen, Germany

Apartment house for sale in 34466 Wolfhagen (30 minutes from Kassel).
Land area - 532 m2;
The total area of the house is about 882 m2
Renovated and rented out - 411.53 m2;
The building consists of 3 wings and 3 floors:
- wing in the middle - residential apartment (2 levels, 3 rooms) and attic space, ready for finishing into residential
premises;
- right wing - 3 residential apartments (2-room, 5-room on 2 levels, 7-room on 3 levels) and 1 apartment requiring complete renovation (it is possible to make a layout for a two-room or 2 studios).
- the left wing is now in an uninhabited state (renovation, replacement of windows, etc. is required), now it is used as both a warehouse and garages;
There is a large parking lot in front of the house.
Repair work completed:
- New heating and water supply system (pipes, boiler, chimney, etc.);
- Partially updated electrics (completely new main switchboard, meters, electrical appliances) installed in 2023; - New heating and water supply system (pipes, boiler, chimney, etc.);
- Partially updated electrics (completely new main switchboard, meters, electrical appliances) installed in 2023;
- The roof on 2 of the three wings of the building was recently covered and insulated;
- All heating radiators were completely replaced; plumbing elements replaced
- Cosmetic renovations have been made in all apartments, kitchens have been installed
4 apartments renovated and rented out
Income from 4 apartments - 3750 euros / month. Kalt, (4725 euros / month Warm)
Actual income per year 45,000 euros (9% per annum)
Potential for expansion of space / further renovation and delivery of apartments:
- the attic floor of the middle wing has preliminary permission for reconstruction into residential premises (approx.
87.5 m2);
- the apartment on the first floor of the right wing, according to the documents, is a residential premises and requires repairs of 15-20 thousand euros (about 73.54 m2);
- the entire left wing (open plan, up to 300 m2) is required to obtain permission for reconstruction;
There is also a calculation of the areas in 2 residential wings, and apartment layouts. (on request)
It is possible to receive subsidies from the city up to 60,000 euros for renovation work on the building.
Online showing and remote transaction available.
Commission for the buyer +4.76% of the cost of the property.