| Type | Ground-floor flat |
|---|---|
| Living area approx. | 59 m² |
| Rooms | 3 |
|---|---|
| Bathrooms | 1 |
| Plot area | 1994 m² |
|---|
| Rent excluding bills | 228 € |
|---|---|
| Total rent | 348 € |
| Purchase price | 31.200 € |
| Price per m² | 528.81 €/m² |
| Commission | 2.975,- Euro inkl. gesetzl. MwSt. |
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More financing calculators and assumptionsThis well-maintained 3-room condominium with approximately 59 m² of living space is located on the raised ground floor of a multi-family building constructed in 1960 in Coschütz, a district of Elsterberg, on a plot of approximately 1.994m². The appealing layout, well-maintained condition and long-standing tenancy make the apartment particularly interesting to investors.
The apartment has a cosy living room, a bedroom and another room that could be used, for example, as a children's room, study or guest room. A separate kitchen and the bathroom with a bathtub and natural light complete the accommodation. The spacious hallway connects the individual rooms and underscores the apartment's practical layout. The apartment also includes its own cellar compartment, a private drying room and a parking space. In addition, residents have access to a shared garden.
The floors in the living room, bedroom, children's room and hallway were renewed in 2016, creating a bright, contemporary feel. The modern laminate flooring gives the living areas a well-maintained appearance and blends harmoniously with the apartment. The remaining areas are tiled.
Various maintenance and modernisation measures have also been carried out on the building in recent years. In 2014, the plinth area of the entire building was renovated and repairs were carried out on the existing wooden windows with double-glazed insulating glass. The wooden windows are generally functional, but should be refurbished and renovated again in due course. This was taken into account accordingly when assessing the property.
The façade was renovated in 2016, followed by masonry waterproofing on the street-facing side in 2018. Another important investment was made in 2023 with the replacement of the heating system.
The apartment has been rented since October 2017, providing an opportunity to invest in an existing rental property without initially having to find a tenant. The current net cold rent is 228,60 euros per month or 2.743,- euros per year. The monthly service charge is 195,- euros including contributions to the maintenance reserve, or 136,- euros excluding reserve contributions.
The apartment's co-ownership share is 79,09/1.000. As of 31.12.2025, the owners' association had a maintenance reserve of a total of EUR 38,115. The share attributable to the apartment amounts to around EUR 3,014.
Based on the current annual net cold rent, this results in a purchase price factor of 11.4, equivalent to a notable gross rental yield of around 8.79% p.a. This apartment therefore offers attractive conditions for investors.
Overall, this is a solid, well-maintained investment property with a practical 3-room layout, contemporary flooring, its own parking space, and a tenancy that has been in place for many years. The work already carried out on the building and the existing maintenance reserve round off the offer.
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