High-yield, renovation-needing multi-family house with expansion potential – ideal for investors! – Photo 1

High-yield, renovation-needing multi-family house with expansion potential – ideal for investors!

Bergstraße 409648 MittweidaSachsen
Purchase price
205.000 €
Living area
340 m²
Rooms
16
TraumImmo ID: D3A8YR8
Partner ID: 468964152

Published on 14/08/2024 · Last checked on 25/09/2026

Advertiser:
RegionalImmobilien24

Key facts

TypeBlock of flats
Living area approx.340 m²
Rooms16
Bathrooms6
Balcony

Plot area190 m²

Purchase price & costs

Purchase price205.000 €
Price per m²602.94 €/m²
Commission3,57% (3,57% inkl. MwSt.)

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About this house

Property overview
This charming multi-family house offers a rare combination of solid basic substance and design freedom. With a total of 6 residential units on approx. 340 m² of living space, the property is perfect for investors who want to achieve an attractive return through targeted renovation or create individualized living space. To give you optimal design freedom, all apartments are currently vacant!
The highlights at a glance

Substance: Renovation of the core components (roof, facade, electrics, plumbing, heating) in 2001/2002.
Modern utilities: All services (water, sewage, gas, electricity, telecommunications, cable TV) have been newly connected.
Details: Bathrooms partly with underfloor/wall heating, towel dryers and daylight (window).
Living comfort: All apartments have a balcony or terrace.
Flexibility: Possibility of combining the attic units into a spacious 4-5 room maisonette.

Property description
The fully basemented building stands out with a clear structure and efficient room layout. The building services, a Buderus gas condensing boiler, are housed compactly in the top attic.
Tenants are well catered for: In addition to a separate laundry room in the basement, each apartment has practical storage rooms on the half landing. The bathrooms partly offer both a bathtub and a shower.

Room layout:

4 one-room apartments: ideal for singles or commuters.
2 four-room apartments: perfect for families.
Potential: The attic maisonette apartments can be combined with little structural effort into an exclusive, large residential unit (4-5 rooms).

Condition & profitability
All apartments are currently in need of renovation. This gives you the opportunity to modernize the fittings according to your own ideas and thus sustainably increase the value.

Total living space: approx. 340 m²
Target rent: approx. €22,000 p.a. (net cold rent when fully let)
Rental potential: Through a contemporary renovation and flexible floor plan design, the market rent can be significantly increased.

Conclusion
A great house for smart calculators - make full use of the potential of this property.
Would you like to learn more or arrange a viewing appointment?
We look forward to your inquiry!


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Advertiser:
RegionalImmobilien24
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