Erlangen, Bavaria 91052

Attractive investment in the heart of Erlangen: Residential and commercial building with 5% rental yield Increase to 5.3% possibleFor sale is a completely renovated and modernized residential and commercial building in the lively center of Erlangen. The property appeals in particular to investors who want to benefit from the excellent location and attractive yield potential. Built in 1887 and last extensively renovated in 2011, the property comprises approx. 800m of residential and commercial space on four floors and a plot of around 733m. With 27 flexibly usable rooms and two commercial units in a top location, the building offers stable rental income and sustainable value development.Return potential at a glance:The property currently generates annual rental income of around EUR 173, 000, which corresponds to a rental yield of around 5%. Moderate rent increases in line with the rent index and existing scope for development can increase the yield to up to 5.3%.Equipment and details:The building includes four outdoor parking spaces for additional comfort for tenants. Due to its location in the heart of the city and the mix of residential and commercial units, a long-term and sustainable increase in value is to be expected. The property has been completely modernized, equipped with new electrics and plumbing as well as new windows.Detailed division of the units:Apartment house:The main building is completely insulated (14 cm external insulation), developed and technically state-of-the-art. In addition to new windows, electrics and sanitary facilities were modernized.Adjoining house/detached house:Two sides of the house are insulated, the roof is insulated, and the electrics and pipes have been renewed. New windows and modern tiles complete the equipment.The building offers potential for additional business premises in the rear area as well as spacious basement areas that can be used in a variety of ways.Energy consumption certificate: Class D 127.8 kWh/(ma) district heatingCurious? Call us today - we will be happy to provide you with further information on the phone (+49 163 216 7236)!Thank you very much and best regards Joel Redberg Team ManagerImmoSky Deutschland GmbH