Semi-detached house for sale - 4055 Basel, Michelbacherstrasse 6

The Iselin district

The character of the Iselin district
The Iselin district is a lively and attractive neighborhood that offers a high quality of life for both families and professionals. The district 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 district
The district is located in close proximity to the city center of Basel and is well connected to public transport, allowing for quick access to other parts of the city as well as the main train station.

The immediate surroundings
There are numerous shopping opportunities, restaurants, cafes, and leisure activities in the vicinity. Schools and kindergartens are also nearby, making the district 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 district 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 district often engage in local initiatives and events, strengthening the sense of community and keeping the neighborhood vibrant.

Overall, the Iselin district is an attractive residential area in Basel, distinguished by its central location, diverse offerings, and pleasant living climate. The Iselin district 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 extends 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 each

The apartments have a bathroom/WC or bathroom and separate WC, fitted kitchen with gas stove, some with 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/ceilings/walls
Solid construction with exposed concrete masonry. Room partition walls in the apartments are lightweight drywall. Ceilings are painted white. Walls; base plaster, white plaster with textured wallpaper. In the wet rooms, 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 are of 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
Heat generation is provided by a district heating station from 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 rooms/sanitary installations
The wet rooms 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 refrigeration 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 must be replaced by electric stoves due to the gas shutdown indicated by IWB by March 2028.

Floor coverings
Various floor coverings are present in the apartments. Parquet, laminate, and/or PVC.

Elevator
One passenger elevator 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 elevator that 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 areas 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.