Residential building for sale - 4055 Basel, Michelbacherstrasse 6

The Iselin Quarter

**The character of the Iselin Quarter
**The Iselin Quarter is a lively and attractive urban district that offers a high quality of life for both families and professionals. The neighborhood features a mix of multi-family homes, single-family homes, and modern new buildings. The area combines historic buildings with modern architecture, giving it a unique charm.

**The location of the quarter
**The quarter is located in close proximity to the city center of Basel and is well connected to public transport, allowing for quick access to other districts as well as the main train station.

**The immediate surroundings
**There are numerous shopping opportunities, restaurants, cafés, and leisure activities in the vicinity. Schools and kindergartens are also nearby, making the neighborhood particularly family-friendly.

**Leisure/recreational opportunities
**The parks and green spaces nearby, which provide room for relaxation and leisure activities, are ideal for walks, sports, or simply relaxing outdoors. For culture lovers, the Iselin Quarter is not far from cultural institutions such as museums, theaters, and galleries. This diversity appeals to different target groups and thus offers a good residential location.

The neighborhood
The neighborhood is characterized by a colorful mix of people from different backgrounds and age groups, contributing to a lively and dynamic environment. This mix reflects the development of Basel and creates an interesting atmosphere. The residents of the Iselin Quarter often engage in local initiatives and events, strengthening the sense of community and keeping the neighborhood vibrant.

Overall, the Iselin Quarter is an attractive residential area in Basel, distinguished by its central location, diverse offerings, and pleasant living climate. The Iselin Quarter simply has a friendly and welcoming character.

The property in condominium ownership

The multi-family house at Michelbacherstrasse 6 - 10 consists of 2 condominium units. The STWE parcel for sale is a unit with 24 rental apartments, which extend from the 1st floor to the 3rd floor (attic).

The property offers great development potential but is in need of renovation in terms of technical standards. Since its construction in 1971, the property has not undergone a complete renovation, although individual components such as the roof or elevators have been renewed.

As an attractive investment – the condominium unit with the 24 apartments offers you an opportunity to acquire an interesting property with potential (after renovation) in Basel. The apartments are fully rented and divided into the following rental objects:

1st floor - 1 x 3-room apartment - approx. 78 m2
- 4 x 4-room apartments - approx. 88 m2 each
- 1 x 5-room apartment - approx. 93 m2

2nd floor - 5 x 4-room apartments - approx. 90 m2 each
- 1 x 5-room apartment - approx. 95 m2

3rd floor - 5 x 4-room apartments - approx. 90 m2 each
- 1 x 5-room apartment - approx. 95 m2

4th floor - 2 x 2-room apartments - approx. 57 m2 each
- 4 x 3-room apartments - approx. 71 m2

The apartments have a bathroom/WC or bathroom and separate WC, fitted kitchen with gas stove, partly a storage room, as well as a balcony and cellar compartment.

General information about the building

Roof construction
Flat roof insulated with Sarnafil foil and gravel protection covering, as well as subsequently installed fall protection. Attic terraces also with flat roof construction and walkable garden slabs, renovated in 2005.

Facade/Ceiling/Walls
Massive construction with exposed concrete masonry. Room partition walls in the apartments are lightweight gypsum stud walls. Ceilings painted white plaster. Walls; base plaster, white plaster with woodchip wallpaper painted. In the wet cells ceramic tiles.
The concrete facade shows spalling and cracked joints, which should be repaired to protect the building envelope and prevent water ingress.

Windows
Wooden windows with double glazing from 1997. Very few were replaced in 2019. The windows from 1997 need at least a new protective coat. As part of a facade renovation, it would be advisable to replace all windows.

Balconies/Terraces
Balconies concrete construction, ceiling/railing and walls painted white. Attic terraces with flat roof construction and walkable garden slabs.

Sun protection
Aluminum roller shutters in all rooms. On the balconies, folding arm awnings.

Electrical
Electrical distributions of the apartments are located in the stairwell, with screw fuses of 10 A in each apartment. Doorbell with electric door opener.

Heating
The heat generation is provided by a district heating station from the company Apaco and is distributed via radiators in the apartments. All radiators are equipped with Danfoss valves and heating cost allocators. The transformer was built in 1998.
In 2023, the complete automation of heating/cooling/ventilation/waste heat in the basement was renewed. The circulation pumps were renewed as follows: South-West July 2012 / North-East November 2016 / main pump June 2024. In addition, the actuators South-West were replaced in January 2018.

Ventilation systems
The bathrooms are equipped with ventilation systems.

Wet cell/sanitary installations
The wet cells and the supply and disposal lines are all still from the year of construction 1971. The condition is commensurate with the age and requires renovation in the near future. The hot water boiler, which according to current settings only supplies the apartments, is from 1998. The hot water for the commercial area is produced by the waste heat of the cooling system of the commercial area.

Kitchens
The kitchens are also still from the year of construction 1971. The kitchens are equipped with gas stoves, which, due to the gas shutdown indicated by IWB by March 2028, must be replaced by electric stoves.

Floor coverings
In the apartments, various floor coverings are present. Parquet, laminate, and/or PVC.

Lift
A passenger lift per house entrance from the Lift AG with a load capacity of 320 kg, which leads from the 1st floor to the attic. Year of construction 2016. From the ground floor to the 1st floor, there is an old lift, which belongs to the second condominium unit.

Locking system
Mechanical locking for the house entrance door and apartment entrance door.

Overall, a renovation of the kitchens and wet zones including pipes, as well as a painting or replacement of the windows should be considered in the near future.
We are happy to assist you!

**We would be happy to take the time to personally present the multi-family house to all interested parties during a general appointment. Nicole Riggenbach and the team of Peter Stalder Immobilien AG look forward to your contact.