| Living area approx. | 240 m² |
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| Plot area | 2046 m² |
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| Usable floor area | 240 m² |
| Purchase price | 200.000 € |
|---|---|
| Price per m² | 833.33 €/m² |
| Commission | 7,14% |
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More financing calculators and assumptionsInvestment property with potential – Well-maintained four-unit building in a quiet residential location in Frankenstein near Oederan
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This well-maintained apartment building with four nearly identical 3-room apartments of approx. 60 sqm of living space each and 4 parking spaces offers investors a solid and attractive long-term investment opportunity.
The property is located in a quiet residential area of Frankenstein near Oederan on a spacious 2,046 sqm plot with plenty of green space.
In 1996, the building was completely renovated. One gable end was subsequently insulated. Since then, the house has been continuously maintained and is in good overall condition.
The floor plans are functionally designed and appeal to singles, couples, and small families alike. The layout, with a living room, bedroom, and children's room in each apartment, is very practical.
Each apartment has a fitted kitchen, a bathroom with natural light and bathtub, a fireplace for cozy hours, as well as modern laminate and tiled floors.
The living space is complemented by a private basement room, 2 heated attic storage rooms, a laundry-drying room, and one parking space per apartment.
Currently, three of the four apartments are rented and generate an annual net cold rent of €11,100.
With full occupancy, the achievable target rent is around €15,000 per year, offering further development potential.
An additional advantage is the existing fiber-optic connection, which also makes the property attractive to future generations of tenants.
The building is heated by an oil-fired central heating system from 1996.
The quiet location, large plot, and well-maintained condition make this property an interesting investment with a long-term outlook.
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