For sale is a multi-family corner house, which was first renovated around 2000 and later. In the last two years 2022-2023, all gas boilers except one were replaced with Wolf condensing boilers.
The building is located in the redevelopment area of the city of Altenburg and is subject to ensemble and milieu protection. There are 12 apartments and two commercial units in the building. One commercial unit is currently vacant and was previously used for the conversion of the heating systems and apartments. The other commercial unit is let on a long-term lease.
A 2-room apartment on the top floor has been let due to poor living quality. This is available as an expansion reserve.
The cellar is dry in keeping with the year of construction. The roof is completely slated. Two skylights need to be replaced due to their desolate condition and lack of maintenance. The roof drainage was checked by a roofer in 2023.
Current renovations/modernizations
- The apartment on the 1st floor on the right was completely renovated in May 2023. The wallpaper was removed, walls were filled and whitewashed, vinyl flooring was laid and new doors were installed. The electrics were fully checked.
- On the 2nd floor on the right, the apartment has just been completely renovated due to new tenants. Floor coverings were replaced with vinyl flooring, wallpaper partially removed, walls partially filled and whitewashed, doors replaced and sanitary ceramics changed.
- New floor coverings were laid on the 1st floor on the left.
- The doors on the 2nd floor on the left were replaced
- New entrance doors have been installed on the left and right on the 1st floor
- The bathrooms in general correspond mainly to the state of the year 2000.
Since the rental agreements concluded in 2023 were agreed with a rent scale, a rent increase is to be expected in the next three years (see list).
The current rental income per year is € 52,435.92.
Further documents and pictures for inspection can be obtained by providing your full contact details.
The sale is subject to the submission of a bid and inspection!