Apartment package with stable rental income and attractive return prospects

Information

Selling Price & Extra Costs

About this dream apartment

Property Description

For sale is an attractive apartment package consisting of an approximately 46 m² two-room condominium and an approximately 57 m² three-room condominium in a well-maintained apartment building in a quiet, natural residential location in Schönheide. The solidly constructed building dates from 1974 and is situated on a spacious 4,454 m² plot. The residential complex impresses with its pleasant surroundings, extensive unobstructed views of the surrounding landscape, and a quiet living environment with high recreational value. At the same time, residents benefit from family-friendly infrastructure, with a playground directly adjacent and a daycare center in the immediate vicinity. Ample free parking and a large communal laundry area complete the attractive overall impression of the complex. The property is heated by a central gas heating system. PVC double-glazed windows provide solid thermal insulation. The energy efficiency class is D.

Apartment No. 14 is located on the first floor on the right in the building at Schwarzwinkel 26 and has a living area of approximately 57 m². The bright and light-filled three-room apartment impresses with its practical, family-friendly layout. It comprises a living room facing south, a bedroom, a children’s or study room, a kitchen, a bathroom with bathtub, and a central hallway. The floors are predominantly fitted with carpet and vinyl. The apartment also includes a basement compartment.

The unit has been reliably rented since 1974 and was last renovated in 2016. The current monthly net cold rent is 250 euros, corresponding to an annual net cold rent of 3,000 euros. The co-ownership share amounts to 240.6/10,000. The monthly service charge is 350.32 euros and includes an operating-cost advance payment of 264.27 euros as well as an allocation to the maintenance reserve of 86.05 euros.

The second apartment, No. 31, is located on the third floor on the left in the building at Schwarzwinkel 27 and offers a living area of approximately 46 m². The likewise bright and pleasantly arranged two-room apartment comprises a living room, a bedroom, a kitchen, a bathroom with bathtub, and a central hallway. The features include laminate and tiled floors as well as its own basement compartment. The apartment is currently vacant and therefore offers flexible Options for owner-occupation or re-letting. It is pointed out that the apartment is in need of renovation. Based on a customary local comparative rent of approximately 5 euros per square metre, a monthly net cold rent of approx. 230 euros or an annual net cold rent of around 2,760 euros can be achieved following appropriate modernization. The co-ownership share amounts to 194.8/10,000. The monthly service charge amounts to 184.19 euros and consists of an operating-cost advance payment of 114.52 euros and a reserve contribution of 69.67 euros.

This package of apartments represents an interesting investment opportunity, particularly for investors. The apartment that has been rented for many years already ensures stable rental income, while the vacant unit offers additional development potential. Renting out both apartments would result in an attractive rental yield of around 14.31% p.a.
The combination of solid brick construction, a well-maintained residential complex, an attractive location, and functional, light-flooded floor plans makes this property an enduring and value-preserving capital investment.

Take advantage of this opportunity to secure two attractive apartments. We will be pleased to provide further information or arrange a viewing appointment.

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