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Stable returns Solid fundamentals

A solid investment property with three residential units (total living space of approx. 235 m²) in a semi-detached home with an extension built in 2005, featuring layouts that are easy to rent out, a balcony or roof terrace, additional usable space, a garage, and parking spaces. Two units are already rented, while the ground-floor apartment is vacant, offering flexibility for re-leasing and rent optimization—an attractive combination of ongoing income and development potential.

Property data

Property no. 4854

Type of property Investment
Property type Multi-family house
Postal code 57368
Place Lennestadt
Year built 1900
Parking spaces 6

Areas

Plot area 413 m²
Total area 312.33 m²
Living area 235.11 m²
Usable area 77.22 m²
Number of apartments 3

Prices

Purchase price 239.500,00 €

Details

Floor Tiles
Bathroom Shower, Window
Type of heating Floor
Type of fuel Gas

Energy certificate information

Type of energy certificate Proof of Need
Final energy demand $203.00 kWh/(m²*a)
Energy efficiency class G
Year built 1900
Main energy source GAS

Description

A solid investment property with three residential units and plenty of room for new owners to customize

The semi-detached house was originally built around 1900 and expanded in 2005 with a modern addition. As part of this renovation, the living space of both main apartments was expanded to include spacious living areas, as well as a large balcony and a rooftop terrace—a clear advantage for the rentability and long-term appeal of the units.
The property comprises a total of three self-contained residential units with a total living area of 235.11 m² and an additional 77.22 m² of usable space:

The ground-floor and upper-floor apartments each feature well-designed floor plans with approximately 82 m² of living space. They offer two bedrooms, a kitchen with a separate pantry area, a bathroom, a utility room, and a balcony or spacious living area. These apartment sizes are in high demand in the regional rental market and provide a solid foundation for stable rental income.

The apartments on the upper and top floors are currently rented, while the ground-floor apartment is currently vacant. This gives a new owner the attractive opportunity to manage the re-leasing process themselves—whether through tenant selection, customized rent pricing, or strategic positioning of the unit.

The attic apartment, with approximately 53 m² of living space, is functionally and efficiently laid out into a bedroom, living room, kitchen, and bathroom. A special feature is the rooftop terrace, which significantly enhances the value of this unit. This apartment is also currently rented and contributes to the ongoing rental income.

The house has a full basement, providing additional storage and usable space. A garage is located on the basement level, offering further added value for both tenants and the owner.

The 413 m² lot includes parking spaces and the potential to create additional terrace areas for tenants. This opens up further opportunities to enhance the quality of living and, consequently, the property’s rental appeal.

Overall, the property presents itself as a structured and partially leased investment with immediate income, yet also offers flexibility for new leasing decisions—an ideal combination of portfolio stability and active appreciation potential.

Equipment

Well-maintained and modern amenities with a focus on marketability and cost control

Overall, the building’s fixtures and fittings are in good condition and have been modernized in line with the 2005 renovation. The measures implemented ensure a solid structure, contemporary living comfort, and sustainable rentability of the individual units.

A key advantage for investors is the decentralized heating system:
Each of the three apartments is equipped with its own gas condensing boiler. As a result, tenants settle their heating and hot water costs directly with their respective energy providers. This reduces ongoing administrative expenses for the owner and creates clear, transparent operating cost structures.
Between the year of construction (2005) and approximately 2011, numerous major renovations were carried out, including:

Renovation of the bathrooms with modern fixtures, each featuring a shower and an additional corner tub
Replacement of windows, which has a positive impact on energy efficiency and living comfort
Completely new electrical installations, in line with modern requirements
Renovation of the interior doors and the front door, for a uniform and well-maintained appearance

The flooring consists of a combination of laminate in the living rooms and bedrooms, as well as tile in functional areas such as bathrooms and kitchens. These materials are not only visually neutral and easy to rent out, but also durable and low-maintenance—ideal conditions for long-term use in the rental housing sector.

Overall, the finishes offer a balanced combination of solid construction, contemporary living standards, and economic sustainability—an important foundation for stable rental income and a predictable investment.

Your contact person

Peter G. Beuth

00492722937216

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Location

Attractive investment opportunity in a stable residential area of Lennestadt-Meggen

The property is located in a highly sought-after residential area of Lennestadt-Meggen—a neighborhood with a stable tenant base, well-established infrastructure, and sustainable rental potential. All amenities for daily needs are within walking distance or a short drive away: a supermarket, pharmacy, restaurants, and other service providers are located right in the town. A particular advantage of the location is the nearby train station, which is just a few minutes’ walk away and offers attractive transportation links, especially for commuters.

Particularly relevant for landlords is the family-friendly and everyday-life-oriented infrastructure. Several daycare centers and an elementary school are located in the immediate vicinity—the elementary school is just a five-minute walk away. This makes the location ideal for renting to families, couples, and long-term tenants. The nearby town of Altenhundem, as the administrative and commercial center of Lennestadt, complements the area with secondary schools, medical care, retail shops, and government offices, and is accessible by car in about five minutes.

The natural surroundings offer additional appeal for tenants. Meadows, forests, and walking and hiking trails begin practically at the doorstep and significantly enhance the quality of life—an aspect that plays a particularly important role in tenant selection and long-term tenancies. At the same time, Meggen boasts regional attractions such as the Siciliaschacht Mining Museum and the famous Sauerland Pyramids, which further enhance the location’s appeal.

Overall, this location offers excellent conditions for the long-term and stable leasing of the three residential units—with balanced demand, good accessibility, and attractive conditions for a sustainable investment.

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