Attractive apartment building in Werdau – stable rental income and return potential

Key facts

Purchase price & costs

About this investment property

This apartment building, constructed around 1930, offers a total living area of approximately 466 m² with seven residential units and impresses with its versatile layout. Particularly attractive is the large five-room apartment in the attic, measuring approximately 110 m², which provides families with a spacious home. The property is complemented by six well-designed two-room apartments with living areas between 58 m² and 60 m², which are ideal for couples, singles, or as guest apartments.

The current net rental income amounts to €700 per month or €8,400 per year. When fully rented, net rent of €2,760 per month or €33,120 per year can be achieved.
Five units are currently rented and provide regular income. One additional apartment is used by the owner and will be available immediately after the sale. The large attic apartment is vacant and can be occupied at short notice once the outstanding renovation work has been completed. Particularly practical: The two apartments on the second upper floor have modern fitted kitchens, which will remain in the building. This makes the property ideal for owner-occupiers seeking a combination of a self-occupied home and additional rental income.

The building has already undergone extensive modernization in recent years. In 2019, the windows were replaced, with the exception of those in the staircase; in 2020, the electrical system was completely renewed. At the same time, new floors and doors were installed, and several bathrooms were renovated or partially renovated. The outdoor area was also refurbished and is well maintained. Still outstanding are the replacement of the staircase windows, renovation of the attic apartment including painting and tiling work, and, if necessary, replacement of the roof, which is currently covered with concrete roof tiles.

The staircase is equipped with durable stone steps and gives the building a high-quality feel. Additional storage rooms on the intermediate landings provide practical uses, while residents of the attic apartment have direct access to the spacious attic. The basement is fully developed, and each tenant can be allocated their own storage compartment. It is currently still being used as storage space, but will be completely cleared before handover.

The building is heated via district heating; the transfer station was installed in 1994 and belongs to the municipal utilities. The buffer storage tank is part of the house. The property also includes a large outbuilding with three garages, which are easy to use thanks to their wide roller doors, as well as a small garden with a covered seating area that is popular with the residents. A high-performance internet connection with download speeds of up to 250 Mbps and upload speeds of 40 Mbps rounds off the offer.

This house offers the rare opportunity to combine spacious living in your own unit with stable rental income from the other apartments. An ideal solution for families looking for space for themselves while also benefiting from partial refinancing through renting.

Contact us now and let us convince you of this property’s special charm during a viewing. We look forward to hearing from you.

Location