Top yield in the centre of Erlangen: 4.7% rental yield

Attractive investment in the heart of Erlangen: residential and commercial building with a rental yield of 4.7% For 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 opportunities. Built in 1887 and last extensively renovated in 2011, the property has a generous residential and commercial area of about 800 m² on four floors and a plot area of approx. 733 m². With 27 flexibly usable rooms and two commercial units in a prime location, the building ensures a stable income situation and sustainable value development. Key data on returns: The property generates annual rental income of around EUR 171,000 and offers a rental yield of around 4.7%, making it an interesting investment property. The central location in Erlangen offers both private and commercial tenants optimal accessibility and a high quality of life. 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/(m²a) district heating Curious? Call today - we will be happy to give you more information on the phone (0163/2167236)! Thank you very much and best regards Joel Redberg - ImmoSky