Object 4461
Altenhundem: Top location for modern concept storeShop zum Rent in Lennestadt
Total area: 148.45 m², Year built 1980
Rent: 1.500,00 €
High-yield and versatile - house with up to 4 units
Property data
Property no. 4550
| Type of property | House |
| Property type | Multi-family house |
| Postal code | 57368 |
| Place | Lennestadt |
| Year built | 1974 |
| Rented | 1 |
| Parking spaces | 6 |
Areas
| Rooms | 12 |
| Plot area | 799 m² |
| Living area | 377.89 m² |
| Number of apartments | 3 |
Prices
| Purchase price | 399.500,00 € |
Details
| Floor | Tiles, Marble |
| Type of heating | Central |
| Type of fuel | Pellet |
| Sauna | 1 |
Energy certificate information
| Type of energy certificate | Needs assessment |
| Final energy demand | 139.80 kWh/(m²*a) |
| Energy efficiency class | E |
| Year built | 1974 |
| Main energy source | PELLET |
Description
This well-maintained apartment building was constructed in 1974 and extensively expanded and modernized in 2004. It is in very good condition and represents a ready-to-use, high-yield residential investment.
The total living space of approx. 378 m² is spread over three floors and allows for an annual rent of up to approx. €30,342 p.a. In the future, up to four separate residential units can be rented out. With a factor of approx. 13, the property offers a particularly attractive investment opportunity.
Layout overview
Attic (approx. 115 m²)
Currently used by the owner as a single unit. Can be divided into two separate apartments without any construction work:
1-room apartment with separate kitchen and bathroom
3-room apartment with separate kitchen, bathroom, and balcony
Potential annual net rent: up to €11,040 per year
Upper floor (approx. 157 m²)
Currently rented as a spacious 5-room apartment with balcony, guest toilet, bathroom, and open-plan living/dining area.
Basic rent: $12,000 per annum
Ground floor (approx. 105 m²)
Rented to an elderly couple, 3-room apartment with separate kitchen, bathroom, storage room, and terrace.
Basic rent: €9,102 p.a.
The garage floor has three double garages as well as utility and storage rooms. The outdoor area has two garden sheds – one with an integrated sauna, the other used as a workshop.
Alternative use
In addition to renting out the entire property, there is also the option of using part of the house yourself – for example, by creating a spacious owner's apartment on the upper floor. Optionally, this area can be extended by part of the attic, for example as a children's area or additional retreat.
This combination allows you to combine the advantages of owning your own home with stable rental income while significantly reducing running costs.
Equipment
This property offers a successful blend of functionality and living comfort: a sauna, wood-burning stove, pizza oven, and a cozy conservatory create special living accents. Exposed wooden beams lend charm and character to individual areas.
Depending on the unit, the floors are fitted with marble, vinyl, or tile—easy to maintain and durable. Plastic windows with double glazing and sturdy front doors ensure energy efficiency and security.
A special highlight is the newly installed pellet heating system, which provides a sustainable and cost-efficient heat supply and complements the property's energy concept.
Fitted kitchens, guest WCs, balconies, and terraces offer tenants additional comfort. The offer is complemented by three double garages, practical storage rooms, and two garden sheds—one with an integrated sauna, the other used as a workshop.
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Location
The apartment building is located in a quiet residential area in the popular Bilstein district of Lennestadt in the Sauerland region. The surrounding area is characterized by well-maintained residential buildings, lots of green space, and a pleasant neighborhood—ideal for long-term rentals and a sustainable capital investment.
Bilstein offers an excellent combination of rural tranquility and good infrastructure. There are schools and kindergartens in the neighboring districts, as well as several elementary schools, including a kindergarten directly in Bilstein. This makes the location particularly attractive for families and ensures stable tenant structures.
The surrounding towns such as Altenhundem, Grevenbrück, and Meggen are within easy reach and offer a wide range of shopping opportunities, doctors, pharmacies, and restaurants. Larger towns such as Olpe, Attendorn, and Finnentrop are also well connected via the B55 and B236 federal highways.
The quiet location on a side street with little traffic ensures a high quality of life. At the same time, residents benefit from the proximity to nature, hiking trails, and leisure activities in the Sauerland region.
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