| Type | Block of flats |
|---|---|
| Living area approx. | 362 m² |
| Year built | 1994 |
| Available from | sofort |
|---|---|
| Rooms | 16 |
| Bathrooms | 6 |
| Heating | Central heating |
| Fuel type | Oil |
| Plot area | 877 m² |
|---|---|
| Parking spaces | 9 |
| Condition | Well kept |
| Floors in the building | 3 |
| Purchase price | 599.990 € |
|---|---|
| Price per m² | 1,657.43 €/m² |
| Commission | no commission for buyers |
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For sale is a five-family house consisting of two semi-detached houses built in 1966 and 1994. The property offers approx. 362 m² of living space on a plot of approx. 877 m² and has 5 self-contained apartments.
The apartments are currently rented. At the buyer’s request, the property can be handed over fully rented. Alternatively, individual apartments can remain vacant, for example for owner-occupation or individual re-letting.
An attic apartment is currently still being renovated and will be completed renovated by the time of sale.
Key facts:
- Purchase price of residential building: €599,990
- no commission for buyers
- 5 self-contained apartments
- approx. 362 m² of living space
- approx. 877 m² plot
- 2 semi-detached houses
- Years built: 1966 and 1994
- fully basemented
- additionally, a basement converted to residential quality with two rooms plus bathroom and kitchen, approx. 70 m²
- Carport with extension: €25,000
- 8 outdoor parking spaces at €5,000 each = €40,000
- Oil heating systems for each semi-detached house: built in 1994 and 2004
Condition & features:
- 4 apartments newly renovated – top condition
- 1 attic apartment is currently being renovated and will be completed renovated
- converted basement renovated, top condition and additional rental potential
- 5 fitted kitchens available, 4 of them new
- Fitted kitchens separately: €15,000
Purchase price overview:
- Residential building: €599,990
- Carport with extension: €25,000
- 8 outdoor parking spaces: €40,000
- 5 fitted kitchens: €15,000
Total price: €679,990
Rental & return potential:
The apartments are currently rented. Depending on the buyer’s wishes, the property can be handed over fully rented or with individual vacant units.
The achievable rental potential is from approx. €4,100 per month or at least approx. €49,200 per year.
At a total price of €679,990, this corresponds to a gross rental yield of approx. 7.2% and a multiplier of approx. 13.8.
An interesting opportunity for investors looking for a renovated multi-family house with an attractive return and five self-contained residential units.
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Greifenklaustraße 10 and 12, 96182 Reckendorf
Reckendorf is a popular and sought-after residential location in the Bamberg district. The town impresses with its family-friendly surroundings, good infrastructure, and an ideal rail connection to Bamberg.
The area offers, among other things, a primary school, a kindergarten, shopping facilities, and a supermarket. The well-known brewing culture, abundant nature, and numerous recreational opportunities also contribute to the high quality of life.
Thanks to its good connections, quiet residential location, and family-friendly structure, Reckendorf is also highly sought after by prospective tenants.
