| Living area approx. | 308 m² |
|---|---|
| Bedrooms | 6 |
| Rooms | 11 |
|---|---|
| Bathrooms | 4 |
| Plot area | 830 m² |
|---|---|
| Usable floor area | 371 m² |
| Purchase price | 280.000 € |
|---|---|
| Price per m² | 909.68 €/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 assumptionsApartment building with yield potential – 4 units, garages and potential for expansion
This investment property in Schleusingen, district of Erlau, combines ongoing rental income with attractive development opportunities. Four residential units, four garages and substantial potential for expansion offer investors various ways to optimize returns and increase long-term value.
Built in 1937, the apartment building has approx. 308 m² of living space and approx. 371 m² of stated usable space on a plot of around 830 m². The four residential units comprise a total of 11 rooms, including 6 bedrooms, as well as 4 bathrooms.
Based on the asking price, the current annual net cold rent corresponds to a purchase price factor of around 13. This means the property already offers an attractive income base in its current condition.
There are also clear opportunities for optimization. The property includes four garages, whose full or market-rate rental could generate additional income. In addition, approx. 100 m² of unfinished space is available for expansion.
If the planned rental and optimization measures are successfully implemented, the purchase price factor could mathematically move toward 10.8. This prospect does not represent a guaranteed return, but is based on the potential for increased rental income. The decisive factors are the rents actually achievable and the resulting costs for expansion, financing and property management.
The potential for expansion offers the opportunity to create additional living or usable space. Whether and to what extent an additional residential unit can be created must be assessed by the buyer, particularly with regard to building-permit eligibility, access and utility connections, fire safety, natural lighting and eligible living space. No binding approval for expansion or use is guaranteed.
Overall, the property makes a well-maintained impression and offers solid, functional features. Kitchens with natural light and an east-facing terrace enhance the quality of living. Given the age of the building and heating system, their structural and technical condition should be professionally assessed as part of the purchase inspection.
An attractive offering for investors seeking an existing income base with additional optimization and
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