Characterful multi-family house with development potential

The multi-family house at Erlenstrasse 15 was built in 1904 in traditional half-timbered construction and has been continuously maintained and cared for over the years. The property comprises a total of four units: three apartments and a former dental practice on the ground floor.

Currently, the 3.5-room apartment on the 1st floor and the 4.5-room maisonette apartment on the 2nd floor are rented out. The 2.5-room apartment on the 1st floor and the former practice are vacant and offer interesting development and upgrading potential.

The former dental practice was previously used as an apartment and is generally suitable for conversion into an attractive 3.5 or 4.5-room apartment. The vacant 2.5-room apartment also offers the possibility of modern re-rental after comprehensive renovation.

In recent years, various maintenance work has been carried out. The windows are triple-glazed, the facade has been painted, and the roof was replaced about eight years ago.

The property also includes a spacious garden area, basement rooms, a separate outbuilding with a laundry room, and a total of six parking spaces - two garage spaces and four outdoor parking spaces.

Location
The property is located in a grown and popular residential area of Steffisburg. The Erlen primary school is located directly opposite. Shopping facilities, public transport, and various services are also within short walking distance.

The central location with short distances to Thun and the good connection to public transport make the location attractive for both families and tenants.

Investment potential
An investment volume of around CHF 340,000 is expected for the renovation and modernization of the property.

After successful renovation and complete rental, an annual net rental income of around CHF 85,080 is expected according to the investment calculation. Based on the guide price plus renovation costs, a calculated gross return of around 4.81% is expected.

We would be happy to provide you with the detailed sales documentation and look forward to your contact.