Top investment property with strong returns - 9 units + barn, expandable to over EUR 53,880 p.a.

Key facts

Purchase price & costs

About this house

Versatile residential complex with 9 units, large courtyard, barn and development potential

This charming apartment building comprises a total of nine residential units, complemented by a spacious, family-friendly courtyard with an extensive green area and an impressive XXL barn, which is currently used as a garage and also offers enormous conversion potential.

The self-contained property radiates peace and security - ideal for families, couples and individualists. The apartments offer a great variety: From compact apartments to 2- to 4-room apartments with flexible layouts, balconies or terraces. Each unit has its own kitchen and bathroom - many with windows - and some also have an additional guest WC.

There are ample parking options: The barn is currently used as a garage with 7 parking spaces, supplemented by 3 outdoor parking spaces and a carport with a further 2 parking spaces.

FLOOR PLAN DISTRIBUTION IN DETAIL
Ground floor:

Apartment No. 1 (left): 3 rooms, open kitchen, bathroom with bathtub, shower and window, south-facing terrace - 128 m² of living space.

Apartment No. 2 (right): 4 rooms, kitchen, bathroom with bathtub and window, guest WC, terrace with access to its own garden area - 119 m² of living space.

Upper floor:

Apartment No. 3 (left): 3 rooms, kitchen, shower room - 52 m².

Apartment No. 4 (left): 3 rooms, kitchen, bathroom with bathtub and window - 78 m².

Apartment No. 5 (right facing the street, north): 2 rooms, kitchen, bathroom with shower - approx. 39 m².

Apartment No. 6 (right facing the courtyard, south): 2 rooms, kitchen, bathroom with shower and window - 54 m².

Attic:

Apartment No. 7 (facing the courtyard): 5 rooms, kitchen, bathroom with bathtub, guest WC, balcony - 109 m².

Apartment No. 8 (right): 3 rooms, kitchen, bathroom - 76 m² (viewing currently not possible).

Apartment No. 9 (1-room apartment): 1 room, kitchen, bathroom - 21 m².
DEVELOPMENT POTENTIAL
The 424 m² barn offers diverse usage options: From conversion into additional living space to possible subdivision and separate sale, particularly due to its favorable location on a side street.

PROFITABILITY
The property currently generates an annual net cold rent of 45.960EUR.

With a realistic rent adjustment to 6.50 EUR/m² and the re-letting of this unit, an annual net cold rent of around 53.880 EUR can be achieved.

The total living area now amounts to 666 m² - a solid foundation for stable rental income with further development potential.
The property is centrally located in Nedlitz directly next to the fire station. The bus stop for routes 702 and 720 is 200 meters away at the church in Nedlitz. The village has a daycare center and two associations: the St. Nicolaus support association and the Germania 99 sports club. Skat championships are also held regularly.

In the neighboring village of Büden is "das Straussenland" with a café and adventure park.

Numerous shopping facilities, restaurants, medical care, pharmacies, kindergartens and schools are located in the neighboring towns of Gommern and Heyrothsberge.

within the village:
140m - "Frankenfeld" restaurant
400m - daycare center
650m - physiotherapy
200m - bus stop

in the neighboring towns:
4.6km - general practitioner
6km - pharmacy
6km - butcher
76m - baker
7km - supermarket
8km - primary, secondary school and grammar school


Nedlitz is located six kilometers north of Gommern. Federal highway 246 runs through the village, providing access in a westerly direction to the state capital Magdeburg, 13 kilometers away. The nearest railway station is located 1.5 kilometers to the north on the Biederitz-Altengrabow line, on which Magdeburg could be reached without changing trains.
Solid construction & well-maintained condition - with modern heating technology

The building underwent extensive renovation in 1999. Since then, typical renovations have been carried out regularly as part of tenant changes, so the property presents itself in an overall well-maintained condition.

In 2017, the heating system was renewed and replaced with a high-quality oil condensing boiler. Heat is distributed efficiently via compact radiators.

The solid older building impresses with its thick exterior walls, which have a positive effect on the indoor climate: pleasant coolness in summer and low heating costs in winter.

A pleasant detail from everyday life for tenants: According to the owner, departing tenants recommend the apartments so enthusiastically that they often bring their successors with them directly.
All information is based on statements by third parties, the available documents and an inspection of the property. No guarantee can therefore be given for its accuracy and completeness. Please consider this exposé a non-binding offer subject to change.
ATTENTION: Please understand that we only process complete inquiries stating your name, address, telephone number and complete and correct email address can. Inquiries with incorrect information will not be answered by us.
ATTENTION, we have taken rough measurements; the m² may vary slightly!

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