Charming multi-family house with 5 apartments in quiet Biel location

Nearly 100-year-old property with significant potential, located in the green and quiet Madretsch Süd neighborhood (Tilleul quarter). Double house with 5 rented apartments over 3 floors. Ideal for experienced investors and renovators.

Layout

• Ground floor (7 rooms): Family apartment spanning both halves (No. 47 west and No. 49 east), from merging two original 3.5-room units. Two entrances, one kitchen, one bathroom with shower, WC, and separate bathtub. Rear access to garden with seating area.
• 1st floor:
  • No. 47 (west): 4.5 rooms with small south balcony, intact but renovation needed.
  • No. 49 (east): 2.5 rooms, condition to be verified.
• 2nd floor:
  • No. 47: 3.5 rooms in good condition, kitchen and bathroom renovated in 2013, recently repainted, dishwasher replaced.
  • No. 49: 3.5 rooms dated but intact.

Outdoors

• Garden with seating area for ground floor apartment.

Features

• Built 1929, not protected.
• PVC windows with triple glazing (replaced stepwise).
• Oil heating (ca. 2000), 10,000 L tank, 250 L hot water tank, annual service contract.
• Mostly dated fittings; recent works: ground floor kitchen/bath (2013), facade, shutters, metalwork (2018).
• Multiple cellars, laundry room.

Renovation potential

Total estimate: 400,000 CHF.

• Electrical: 60,000 CHF
• Kitchens (3): 50,000 CHF
• Bathrooms (3): 30,000 CHF
• Heating: 100,000 CHF
• Roof: 150,000 CHF

Quiet location south of railway, near schools, city center 5 min by bike. Biel: bilingual, cultural city with lake and Jura access.