| Living area approx. | 535 m² |
|---|---|
| Bedrooms | 19 |
| Rooms | 24 |
|---|---|
| Bathrooms | 9 |
| Plot area | 741 m² |
|---|---|
| Usable floor area | 305 m² |
| Purchase price | 850.000 € |
|---|---|
| Price per m² | 1,588.78 €/m² |
| Commission | no commission for buyers |
Calculate using this listing's purchase price. Every assumption is editable and all figures are non-binding estimates.
The initial payment is estimated as loan amount × (interest + repayment) ÷ 12. Individual lending terms, special repayments and further fees are not included. Tax, notary and agent costs may differ in your case. This is not a financing offer or financial advice.
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More financing calculators and assumptionsThis modernized multi-family house at Ludwig-Jahn-Straße 1 in Ilmenau offers capital investors an interesting investment opportunity with existing rental income and versatile use prospects.
The property, built in 1922, consists of a main building with an extension as well as an outbuilding. On the approximately 741 m² plot there are a total of eight residential units with a living area of approximately 535 m². The building is partially basemented. Four car parking spaces complete the offering.
The property is currently used predominantly as living space for students. Due to the existing apartment structure, the property is also generally suitable for classic residential letting. This allows a flexible orientation toward different tenant groups.
The annual rental income amounts to approximately €64,000, including the agreed fees for furnishings and internet. The existing rental concept thus combines the provision of living space with furnishings tailored to the tenants’ needs.
A key advantage lies in the extensive renovation and modernization measures. The main building was comprehensively renovated as early as the mid-1990s. In the following years, further investments were made in the outbuilding, the extension, the heating system, and the living areas.
In particular, further modernizations were carried out between 2021 and 2024. These include, among other things, renewed fitted kitchens, modernized floor coverings, a new roof covering, and the expansion of the fiber-optic and network infrastructure.
The combination of existing rental income, a modernized building fabric, and flexible rentability makes this property an interesting capital investment at the university location of Ilmenau.
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