Real estate investment in Hamburg: 3 residential units, two of which have been recently renovated, with a yield of 17.5.

Investment Highlights:
* Purchase Price: €389,000
* Potential Rent: €22,272 per year
* Gross Yield: 5.7%
* Factor: 17.5
* 3 residential units
* 2 apartments immediately rentable
* Modernized electrical system (2013)
* New gas heating system (2013)
* Hamburg-Finkenwerder

Moderniz­ed triplex apartment building in Hamburg-Finkenwerder – attractive investment property with development potential.

This charming apartment building, dating back to 1895, combines the character of a classic Hamburg property with extensive modernizations and attractive rental opportunities. The property offers investors a rare opportunity to acquire a well-maintained triplex apartment building in the desirable location of Hamburg-Finkenwerder, with immediate potential for increased rental income and further development. The total living area is approximately 116 m², and it comprises three residential units. Currently, the basement apartment is rented out and already generates ongoing income, while the other two apartments are vacant and have been extensively modernized, or are currently being modernized. This allows the new owner to directly manage the rentals and adjust the rents to the current market level. The apartment on the top floor has recently been renovated. In addition to fresh paintwork, the bathroom has been refurbished and the balcony has been improved. The ground floor apartment, with approximately 45-47 square meters, is currently undergoing extensive renovations and will subsequently be available for occupancy or rental. In 2013, significant technical upgrades were carried out. The gas central heating system was replaced and the electrical systems were brought up to a modern standard. All apartments have a three-phase power supply, their own electrical distribution boards, and separate heat meters for transparent and usage-based billing. With market-appropriate re-renting of the available apartments, the potential annual net cold rent is approximately 22,000 euros. This property offers an interesting perspective for long-term investors who are confident in the stable Hamburg housing market. Furthermore, subject to legal requirements and approvals, a furnished short-term rental is also conceivable. The demand is enormous, thanks to its proximity to Airbus! For investors who are not located on-site or who desire a hassle-free handover, we can also manage the initial rental of the vacant units, if desired. We can oversee the entire process, from determining rental prices and marketing the property to conducting viewings, selecting suitable tenants, and finalizing lease agreements, ensuring a quick and professional rental process immediately after the acquisition.

Highlights at a glance:
* Three-family house in a desirable location in Hamburg-Finkenwerder.
* Built in 1895, solid construction.
* Approximately 116 m² of total living space.
* Three residential units.
* One apartment is currently rented; two units are vacant and newly renovated.
* Top-floor apartment completely modernized.
* Ground-floor apartment is currently undergoing extensive renovations.
* Gas central heating system from 2013.
* Newly installed electrical system with three-phase power supply.
* Separate electrical distribution panels in each apartment.
* Heat meters for each residential unit.
* Potential annual net cold rent of approximately €22,000.
* Additional income opportunities through shared accommodation or furnished rental concepts.
* Support available for the initial rental of the vacant apartments.
* Attractive investment property with further development potential.

Location:

Hamburg-Finkenwerde­r offers a peaceful, established residential area with excellent connections to downtown Hamburg. The district is characterized by its proximity to the Elbe River, its good infrastructure, and consistently high demand in the rental market. Shopping facilities, restaurants, schools, doctors, and numerous leisure and recreational opportunities are located nearby.

This is an ideal investment for investors looking for a manageable, modernized multi-family building with sustainable rental potential in a desirable location in Hamburg.