Trier, Germany

This solid apartment building with a separate rear building combines historical character with contemporary features and offers an attractive opportunity for investors. The original front building was constructed in 1902 and a separate rear building was added in 1996 as part of a comprehensive extension. Between 1999 and 2000, the front building underwent a thorough refurbishment, during which the roof, windows, floors, heating system (gas), electrical and sanitary installations as well as the façade were completely renewed. New balconies were also built as part of this work. The investment sum for these modernizations amounted to around € 200,000. The rear building was also extensively renovated in 2008. With a living space of approx. 95 m², it offers four rooms, including two bedrooms. The kitchen, sanitary facilities, electrics and floor coverings were also modernized here. Both buildings are heated by a central gas heating system. In addition, modern water meters and metering systems have been installed to ensure efficient and transparent consumption. The property houses a total of six residential units: two apartments, three 2-room apartments and a spacious 3-room attic apartment. All units are currently let, with the top-floor apartment available from August - ideal for owner-occupiers or as an opportunity to re-let with an adjustment of the rent level. A special feature of the property are the quiet wooden balconies, some of which have far-reaching and mountain views and offer a high quality of living. The offer is complemented by a vaulted cellar, additional cellar rooms and four parking spaces on the property. These are easily accessible via the adjacent road. Access is via a courtyard gate on the main road, which leads to both the front and rear buildings. Alternatively, there is further access via the adjacent road at the rear, which means that the property is easily accessible from both sides. The micro-location impresses with its excellent infrastructure: shopping facilities, local public transport and the city center are all within walking distance. A small note: the staircase of the main building shows signs of wear due to its age - a future renovation would further enhance the well-kept overall appearance. Overall, this is a solid and fully let property with a central location, stable rental income and attractive development potential - a classic investment for long-term investors.