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 €
5-family house in Lennestadt-Meggen
Solidly built and already divided into 5 condominiums, this 5-family house from 1964 offers approx. 387 m² of living space on 1,112 m² of land. With a current annual rent of €25,716 and a potential of up to €34,000, it is an attractive investment opportunity. The possibility of selling individual apartments provides maximum flexibility for investors.
Property data
Property no. 4587
| Type of property | Investment |
| Property type | Multi-family house |
| Postal code | 57368 |
| Place | Lennestadt |
| Year built | 1964 |
| Available from | By arrangement |
| Rented | 1 |
| Parking spaces | 8 |
Areas
| Plot area | 1112 m² |
| Total area | 386.62 m² |
| Living area | 386.62 m² |
| Rentable area | 386.62 m² |
Prices
| Purchase price | 439.500,00 € |
| Annual rent actual | 25.716,00 € |
| Annual rent target | 30.852,00 € |
Details
| Type of fuel | Oil |
Energy certificate information
| Type of energy certificate | Energy performance certificate |
| Final energy consumption | 107.30 kWh/(m²*a) |
| Energy efficiency class | D |
| Year built | 1964 |
| Main energy source | OEL |
Description
Solidly built and well laid out
The five-family house was built in 1964 and offers a generous living space of approx. 387 m² on a plot of 1,112 m².
It is already divided into 5 condominiums. As the seller, you therefore have the option of selling only some of the apartments and keeping the rest. This can be a flexible strategy for releasing capital without giving up the entire property.
The residential building has a partial basement and is built in solid construction.
The annual rent excluding utilities is currently €25,716, with a potential of €30,852 and, if all options are exhausted, can be increased to up to €34,000.
The house is ideal for renting to smaller families, young couples, and individuals and offers enough space for comfortable living.
Equipment
Renovated to increase value
The apartment building has five well-designed apartments with 2-3 rooms, some of which have a terrace, loggia, and additional guest bathroom.
Over the past 15 years, extensive renovations and refurbishments have been carried out at a cost of
over €200,000 have been carried out, significantly increasing the value and quality of the building.
These include, among other things:
- Installation of a modern oil-fired condensing boiler in 2010 (approx. €20,000)
- Renewal of the oil tanks in 2014 (approx. $8,000)
- Various bathroom renovations between 2014 and 2019 (approx. $25,000)
- Complete renovation of the basement apartment in 2021 (approx. $50,000)
- New drainage for terraces and roofs (approx. €70,000)
- Various minor work on the house (approx. €15,000).
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Location
Quiet location on the edge of the forest
The property is located in Meggen, a charming district of Lennestadt in the beautiful Sauerland region.
Faulebutter is a quiet residential street that ends in an idyllic forest. A forest path leads to the SGV hut in Meggen, making the location particularly attractive for nature lovers. The street is traffic-calmed with a speed limit of 30 km/h, which contributes to the safety and tranquility of the neighborhood.
Kindergarten and elementary school are only a few hundred meters away, while secondary schools can be found in nearby Altenhundem. Shopping facilities are available within a radius of 1-3 kilometers.
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