| Type | Block of flats |
|---|---|
| Living area approx. | 300 m² |
| Rooms | 10 |
|---|---|
| Bathrooms | 3 |
| Plot area | 338 m² |
|---|
| Purchase price | 89.000 € |
|---|---|
| Price per m² | 296.67 €/m² |
| Commission | 7,14% (7,14% vom Kaufpreis (inkl. MwSt.)) |
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 assumptionsOffered is a three-story, basemented apartment building in a central location in Greiz. Year of construction approx. 1900.
Apartment building in a central location in Greiz – investment property with development potential
Property type: Apartment building
Living area: approx. 3 x 100 m² (plus attic expansion reserve approx. 100 m²)
Plot: approx. 338 m²
Year of construction: approx. 1910
Construction: brick masonry, fully basemented
Condition: completely in need of renovation, no heating
Location: Grünrathstraße, centrally in Greiz
Property description
This historic apartment building from 1910 offers attractive investment and development potential in a central location in Greiz. The property has three spacious residential units of approx. 100 m² each. The attic offers a further approx. 100 m² of expansion reserve, ideal for additional living space or rental apartments.
The house is fully basemented, the exterior and interior walls consist of robust brick masonry, which provides a solid basis for a comprehensive renovation. The building is currently not listed as a historic monument and is not located in a redevelopment area – investors can plan and modernize freely here.
The location on Grünrathstraße allows excellent access to all inner-city facilities, shopping opportunities, schools and medical care – ideal for future tenants.
Highlights & potential for investors
Three spacious residential units of approx. 100 m² each
Attic with approx. 100 m² expansion reserve
Fully basemented – additional storage space or utility room
Brick masonry – solid building structure
Free design possibilities without heritage protection requirements
Centrally located in Greiz, short distances to all city facilities
Opportunities & development possibilities
Complete renovation to modern standards
Installation of a heating system (gas, pellet, heat pump possible)
Attic conversion for additional rental space
Long-term increase in value through modernization in a central location
Attractive yield opportunities when rented out after renovation
Conclusion
This apartment building in Greiz offers investors the unique opportunity to acquire a historic property with high development potential. Thanks to the central location, the solid building structure and the free design possibilities after renovation, attractive rental income and sustainable value appreciation can be realized.
For further information and insights visit our homepage: www.mund-immobilien.de. Best You won't miss any of our offers and become a fan on Facebook or follow us on Twitter! You want to sell your property? Whether a multi-family or single-family house, condominium, plot of land or new-build or developer project. We broker your property competently, transparently and quickly, nationwide.
Your destination goes to Google Maps only when you submit the form. TraumImmo neither stores nor logs it.
235.000 € Detached single-family house with garages, pool and large motorhome carport for sale in an elevated, prominent location in Greiz!07973 Greiz
79.500 € Well-maintained semi-detached house with a beautiful garden plot07973 Greiz
285.000 € Stylish villa with two residential units in a sought-after location in Greiz07973 Greiz
