Investment: Fully let apartment building with potential for rent increases

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01683 Heynitz / Katzenberg
Sachsen
249.000 €
Selling Price
240 m²
Living Area
12
Rooms
TraumImmo-ID: C96RFJH
Partner-ID: 465381423
Partner-Property by: RegionalImmobilien24
Contact:
Anonymous

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Information

  • Living Area ca.: 240 m²
  • Rooms: 12

  • Property Area: 1859.0
  • Bathrooms: 4.0

Selling Price & Extra Costs

Selling Price249.000 €
Courtageno courtage for buyers

About this dream investment property

Property Description

This well-kept apartment building from 1956 is the ideal investment. The fully let house has four residential units, each measuring around 60 m². The functional floor plans and the total living space of approx. 240 m² offer enough space for your tenants. The kitchens and bathrooms all have windows. All bathrooms have a washing machine connection.

The house was modernized in the 1990s, including the installation of a new heating system in 1997. Maintenance work was carried out regularly, resulting in the integration of new bathrooms and flooring in some cases. The bathrooms are tiled to floor height and fitted with a bath or shower.

In addition to the apartments, tenants have access to storage space in the cellar, a laundry room and a green area for communal use. The south-facing green area invites you to relax and can be used for family celebrations. The property offers ample parking space with 4 garages and further options for car parking spaces.

All apartments in the building are rented throughout. The annual net cold rent is € 16,037. This gives you a gross rental yield of 6.44 %. There is good potential for rent increases to a target annual net cold rent of around € 17,815 with a target gross rental yield of 7.15 %.

The attic, which is currently unused, is already fitted with apartment doors and offers space for the conversion of two additional small apartments to further increase the rental income and value of your property.


Location

Contact:
Anonymous

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