| Type | Block of flats |
|---|---|
| Living area approx. | 1310 m² |
| Bedrooms | 20 |
| Rooms | 40 |
|---|---|
| Bathrooms | 20 |
| Plot area | 1500 m² |
|---|---|
| Usable floor area | 96 m² |
| Purchase price | 1.190.000 € |
|---|---|
| Price per m² | 908.42 €/m² |
| Commission | 7,14% (7,14 % Provision auf den Kaufpreis) |
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More financing calculators and assumptionsAttractive residential portfolio in Altenburg – high-yield investment package with development potential
The residential portfolio on offer comprises three charming multifamily buildings comprehensively renovated at the end of the 1990s, with a total of 21 units (20 apartments and 1 commercial unit) and a total area of approximately 1,405 m². The properties are located in a sought-after area close to Altenburg city center and are distinguished by their well-preserved historic building fabric.
Highlights & investment benefits:
• Impressive period details: The Gründerzeit properties on Carl-von-Ossietzky-Straße impress with restored façade stucco elements and original wooden staircases. The property at Pauritzer Straße 60 particularly stands out with its period-painted staircase featuring historic landscape paintings, marble imitations and leaded-glass doors – a true architectural highlight.
• Solid features: The apartments offer appealing 2- to 3-room layouts, with all units at Carl-von-Ossietzky-Straße 41 and 42 featuring private balconies.
• Convincing return prospects: With current actual net cold rent of €60,623 p. a., the portfolio already provides a stable income base. By letting the vacant units, the annual net cold rent can be increased to approximately €93,337 p. a. Depending on the purchase price scenario, this allows for double-digit gross target returns of up to 10.5%.
• Additional value creation opportunities: In addition to rapidly reducing vacancy, the location offers further potential for rent increases in the future through reletting and targeted upgrades. The commercial unit on the ground floor of Pauritzer Straße also offers flexible design options for individual usage concepts.
This real estate package combines historic charm with excellent income prospects and represents an ideal choice for investors focused on returns and cash flow.
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