Attention investor! Representative city villa in the style of the 30s in Magdeburg

Information

Selling Price & Extra Costs

About this dream house

Property Description

Acquire here an attractive and long-term fully rented yield property with two residential and one commercial unit (medical practice) distributed over 3 floors, in the middle of the state capital Magdeburg in the beautiful "Lenné quarter". The living space, which can be reached via a spacious, very bright staircase, is approx. 176 sqm, the rented commercial space approx. 135 sqm, plus 20 sqm living space for rent on an approx. 816 sqm inner-city property. In addition to the property, which was built in 1930 and completely renovated in 1992, there are 12 parking spaces for rent on the property. The current standard ground value as of 01.01.2022 is 490 EUR/sqm. The apartment on the 1st floor with approx. 130 sqm living space is equipped with a spacious balcony over the entire width of the front. In addition to the rented apartment in the attic with approx. 46 sqm living space, there is also an approx. 15 sqm living room and bedroom with a large dormer window and a separate bathroom, which are used by the tenant of the practice unit on the first floor. The property has a full basement. The individual cellar compartments are used by the tenants. last modernizations: Conversion/extension 2007, heating condensing boiler 2021, sanitary in the ground floor 2018, floors partly 2017. Overall, the property is in a very well-maintained condition. current net cold rent: 850 EUR ground floor without parking space (2008), 750 EUR 1st floor with parking space (2009), 300 EUR attic without parking space (2019) p.m. Service charges/operating costs (heating/hot water): 552.50 EUR p.m. The current rental income does not correspond to the current "Mietspiegel", this is known to the tenants. The parking spaces are currently mainly not rented and freely usable for the tenants. A property management takes care of the details! And a service contract with a local company is responsible for cleaning the traffic areas and winter service, as well as green and open space maintenance. A good chance for a fully rented capital investment with potential in a good location of Magdeburg. Due to the settlement of "INTEL" in the area of Magdeburg the real estate prices will develop. Photos of the two rented units will follow Corona conditional at a later date and will be submitted as soon as possible.

Location