Need for renovation in Limburg: apartment building with expansion potential!

Need for renovation in Limburg: apartment building with expansion potential!

An interesting multi-family property is being offered for sale in the idyllic town of Limburg an der Lahn. Built around 1954, the property extends over a plot of approx. 639 m² and offers a total living space of around 210 m², which is divided into three residential units. The current owner has already applied for an energy certificate, but this is currently still in progress and therefore a valid certificate is currently missing, as wohnglueck.de reports.

The ground floor apartment is occupied and brings in annual rental income of around EUR 4,080 plus additional costs, while the upper and attic apartments are empty. Each of the three residential units is classically designed and easily rentable with two rooms, kitchen and bathroom. The location of the property is particularly attractive for commuters, as shopping opportunities are within walking distance and the A3 motorway can be reached in around five minutes. Demand on the rental market is high here, which makes this property particularly interesting for investors.

Renovation and expansion potential

According to the experts, the property is in need of renovation and a complete renovation is recommended. But the offer also has considerable expansion potential: there is the possibility of creating up to five residential units. In addition to a cellar compartment in the basement, which provides additional storage space, there is also a garage and parking spaces in the courtyard that round off the overall offering.

The question of the energy certificate is certainly relevant in this context. As the Consumer advice center explains, there is no complete list of persons who can issue energy certificates. It is therefore advisable to use the energy efficiency expert list for federal funding programs to be on the safe side. Only listed consultants are allowed to issue confirmations that are required for KfW funding. When selecting a service provider, criteria such as contractual service descriptions and data protection assurances should be taken into account in order to exclude dubious providers.

A good deal for investors

The property in Limburg therefore represents a promising opportunity for investors who sense good business. With a solid foundation and possible expansion, coupled with a location that is equally attractive for commuters and those interested in renting, an investment here could quickly pay off. Whether for renting or shaping the future – there is a lot of potential in the air here!