Apartment building in Saarlouis – 6 residential units with development potential

For sale is a multi-family house with a total of six residential units in Saarlouis. The property was built in the 1960s and underwent extensive renovation in 1997. This renovation included the replacement of the windows, bathrooms, electrical wiring, and heating system, so the property is still in excellent condition today.

The total living area is approximately 340 m² on a plot size of approximately 490 m². Each residential unit has its own meter, which allows for transparent and straightforward billing and is particularly advantageous for investors.

Currently, four of the six apartments are rented, generating an annual net rent of €24,480. Two apartments are currently owner-occupied and offer additional potential for rent increases. With full occupancy, the annual net rent could rise to approximately €41,200, presenting attractive development opportunities for the future owner.

The asking price of €645,000 is within the market range for comparable multi-family homes in this location. The combination of existing tenancies and further potential makes the property attractive to both first-time and experienced investors.

Due to the property being fully occupied and to protect the tenants' privacy, no interior photos have been published. Viewings are still possible.

Overall, this is a solid multi-family building with a stable foundation and additional development potential, ideally suited for investors who want to invest in the Saarlouis location for the long term.