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

Investment Highlights:
* Purchase Price: €389,000
* Potential Rental Income: €22,272/year
* Gross Yield: 5.7%
* Price-to-Rental Ratio: 17.5
* 3 Residential Units
* 2 Apartments immediately rentable
* Electrical system modernized (2013)
* Gas heating system replaced (2013)
* Location: Hamburg-Finkenwerder

Moderniz­ed Triplex in Hamburg-Finkenwerder – Attractive Investment Property with Development Potential
This charming multi-family house, built in 1895, combines the character of a classic Hamburg property with extensive modernization and attractive rental opportunities. The property offers investors a rare opportunity to acquire a well-maintained triplex in the desirable location of Hamburg-Finkenwerder, with immediate potential for increased rental income and development. The total living space is approximately 116 m², divided into three residential units. Currently, the basement apartment is rented and generates ongoing income, while the other two apartments are vacant and have been extensively renovated, or are currently being renovated. 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 just 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 fair billing. With market-appropriate new rentals of the available apartments, the potential annual net cold rent is approximately 22,000 euros. This makes the property an attractive prospect for long-term investors who are confident in the stability of the Hamburg residential market. Highlights at a glance:
* Three-family house in a desirable location in Hamburg-Finkenwerder
* Built in 1895, solid construction
* Approximately... 116 m² total living space
* Three residential units
* One apartment is currently rented, while two units are vacant and have been recently renovated.
* The apartment on the upper floor has been completely modernized.
* The ground floor apartment is currently undergoing extensive renovations.
* Central heating system powered by gas, installed in 2013.
* New electrical wiring 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.
* Attractive investment property with further development potential.

Location:

Hamburg-Finkenwerde­r offers a peaceful, established residential area with excellent connections to the center of 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 in the immediate vicinity.

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