Well-maintained apartment house from 1915 with eight apartments and possible roof conversion

Attractive multi-family house with beautiful facade, eight apartments and approx. 180 m² (floor space) conversion possibility of the attic, numerous original details from the time of construction, e.g. staircase, parquet, high rooms; balconies to the west/garden side, continuous modernisation of the house, central heating from 1995.

Basic data

Property: HS 704
Property type: Residential/commercial
Construction year: 1915
State: neat

Area listing

Land area: 360 m²
Living space: approx. 672 m²
lettable space: approx. 23 m²

Space and equipment

With a cellar: no

Purchase price

This property is already sold.

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Location

Heiner Riedel

Founder and shareholder

+49 89 15 94 55-14 Send e-mail

Real estate guide

How is a renovation sensibly financed?

This depends on the income situation as well as the use. In other words, whether the property is acquired for own use or as an investment.

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What do you need to consider when buying income property?

The risk profile of the property should be comprehensively assessed as part of a "due diligence", i.e. a simple consideration of the gross yield (annual rent : sales price x 100) is certainly not sufficient. This involves a large number of assessment steps, which are only presented as examples in the context of this blog.

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What ancillary costs must be expected when buying real estate?

When buying a property, you must expect the following ancillary acquisition costs: Land transfer tax, notary and land registry fees, brokerage fees and bank charges.

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What styles of old buildings can be distinguished?

The architecture of the 20th century was essentially shaped by four architectural styles. The design and conception of each architectural style depended on the technological and constructive possibilities of the time.

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How is real estate valued?

There are three standardised methods for determining the value of real estate in Germany: the comparative value method, the capitalised earnings value method and the asset value method. The aim of the valuation is to determine the market value of the property.

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How much equity do I need to buy a home?

The exact amount of equity to be contributed depends on the financial and income situation of the potential buyer as well as the location and risk profile of the property.

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Real Estate Agent Munich

Real Estate

Well-maintained apartment house from 1915 with eight apartments and possible roof conversion