Apartment Building As An Attractive Investment With Development Potential In The Heart Of Caputh

Located right in the heart of Caputh, this colorful apartment building is nestled in a garden lovingly tended by its residents. The former teacher’s residence combines the character of a historic building with a stable rental situation and offers investors a rare opportunity to invest in one of the most sought-after residential areas in the Potsdam region.

Built in 1955 and extensively renovated in 2007, the apartment building is situated on an 800 m² lot and comprises five fully rented residential units with a total living area of approximately 305 m². The apartment sizes consist of four units, each measuring approximately 65 m², and one additional unit measuring approximately 48 m².

A particular highlight of this property is its versatile development potential. The offer includes an additional parcel of land measuring approximately 845 m², which could open up further usage possibilities. Options include, for example, additional parking spaces, garages, or new construction.

The attic also offers interesting potential for expansion. Approximately 45 to 50 m² of additional living space could be created there in the future. Corresponding older planning documents for the attic conversion are available. However, the status of building permits has not yet been conclusively reviewed and must be verified independently by the purchaser.

The current annual net rent (excluding utilities) amounts to approximately €40,302 and is based on an average actual rent of approximately €10.63/m². There is further income potential for future new leases, as current estimates suggest a rent level of around 15.00 €/m² could be achievable.

The well-maintained garden underscores the property’s unique character and creates a pleasant living atmosphere. The combination of full occupancy, ongoing rental income, an additional parcel of land, potential for expansion in the attic, and further potential for rent increases makes this property an attractive investment with long-term prospects.