| Type | Block of flats |
|---|---|
| Living area approx. | 441 m² |
| Year built | 1906 |
| Available from | Nach Vereinbarung |
|---|---|
| Heating | Central heating |
| Fuel type | Gas |
| Plot area | 259 m² |
|---|---|
| Condition | Refurbished |
| Rental income | 27.800 € |
| Purchase price | 470.000 € |
|---|---|
| Price per m² | 1,065.76 €/m² |
| Commission | no commission for buyers |
| Recoverable owners' fees | 18.600 € |
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.
Your inputs are calculated only in this browser and are not saved or sent to TraumImmo.
More financing calculators and assumptionsThe apartment building with a retail unit is located on the outskirts of Gera city center. Built in 1906 using solid construction, the building at Schmelzhüttenstraße 28 underwent extensive renovation in 1998/99. As part of the renovation, an elevator was added to the stairwell. Since then, all maintenance work has been carried out regularly, and tenants' renovation requests have also been met.
The ground floor houses a retail unit. Above it is a spacious family apartment, while the remaining floors are each divided into two apartments. Some of the apartments have a balcony. The standard of finish is mid-range. The lettable area is approx. 441 m², plus another 68m² for the commercial unit. The units have been largely let in recent years, with vacancies remaining short. The property is managed by a local property management company. Currently, only one 2-room apartment of 50m² is vacant.
The rented units generate annual net cold rent of around €27,800 (target is around €31,000, multiplier around 15.2).
In the rear building, the ground floor is used as storage for the commercial unit. The upper floor contains an apartment that has not yet been renovated. Once refurbished, this will offer additional income potential not included in the current rent.
The building is suitable as an income-generating investment with existing tenants, ongoing management, and development potential in the ancillary building.
The property can be purchased as a package together with the property at Heinrich-Heine-Straße 13.
Your destination goes to Google Maps only when you submit the form. TraumImmo neither stores nor logs it.
Schmelzhüttenstraße 28 is located in the Innenstadt district of Gera, on the edge of the historic center. The market square and old town are about a ten-minute walk away, and Gera Arcaden on Heinrichstraße is about five minutes away. Shops, a bakery, a pharmacy, and smaller stores are in the immediate vicinity.
Gera Süd train station and the Südbahnhof/Sachsenplatz bus stop are around 200 m away. Trams and buses connect the neighborhood via Heinrichstraße. Park der Jugend is nearby. Daycare centers, including Haus des Kindes on Enzianstraße, as well as schools, are located in the district. Rutheneum, a long-established grammar school, is also close to the city center.
With around 96,000 primary residences, Gera is Thuringia’s third-largest city and lies on the Weiße Elster. The city is connected to the regional transport network via federal highways 2, 7, and 92 and the A4, with the Gera-Langenberg and Gera-Leumnitz exits. Leipzig, Erfurt, and Chemnitz can each be reached in about an hour. The theater, Kabarett Fettnäppchen, the culture and congress center, the zoo, and the museums shape the cultural scene. In 2007, Gera jointly hosted the Federal Horticultural Show with Ronneburg.
110.000 € Rented 3-room condominium including underground parking space in a popular residential area07545 Gera
375.000 € Residential building in a location close to the center of Gera | partly rented |07545 Gera
375.000 € Multi-family house with balconies in a good residential location with a 7.8% yield07545 Gera– Gera
