House in Germany. Reliable investment - a profitable 9-apartment house near Leipzig
Object code is 9505
Type - Apartment house
Price - 213,200 €
Price per sq.m. - 426 €
Year of construction - 1910
Year of modernization - 1994
The plot area is 330 m2
Usable area - 500 m2
Commercial / residential units - 9
Object status - Partially leased
The annual income is € 39,270
Yield - 18.42 %
Registration services - € 15,222.48
Court costs - 2538 €
Property acquisition tax - 12792 €
State duty (entry in the register) - 200 €
The cost, including additional costs, is € 243,952.48
* Data on the cost of services are not final and may change in one direction or another depending on the regional tariffs of the municipality and the notary.
Stable income near Leipzig.
This well-kept apartment building is located in Weissenfels, Saxony-Anhalt.
Leipzig, Saxony's largest city, is a 15-minute drive from Weissenfels.
In the immediate vicinity of the house there are public transport stops, several large shopping centers, bank branches, restaurants and cafes, a pharmacy and other necessary infrastructure.
In the proposed house with a total living area of approx. There are 9 apartments located in 385 m2.
Flooring: laminate, linoleum, tile.
Central heating: gas.
Windows: plastic double-glazed windows with insulating glazing, external blinds.
Water, sewerage, electricity, internet and telephone services are available.
In the basement are spacious storage rooms, bicycles and strollers, technical rooms.
Near the house there are enough parking spaces for cars of the owner or tenants.
According to the seller, 4 of the 9 apartments are for long-term rent.
The new owner can dispose of the property at his own discretion - to live in it himself, manage the property, rent it out or find a responsible manager.
Based on the average rental cost in the region, with proper management and full rental, this property can bring about 40,000 euros of annual income.
Distance to Leipzig: 30 km (approx. 15 min by car)
Distance to int. Leipzig / Halle airport: 42 km (approx. 25 min by car)
Distance to Jena: 45 km (approx. 25 min by car)
Leipzig is the largest city in the federal state of Saxony.
Due to the numerous fairs held in Leipzig every year, the city was given the unofficial name Messestadt (Fair City).
The sights of Leipzig, which for centuries have served as the impetus for economic and spiritual development in Europe, contribute to the creation of a special atmosphere in the city.
The architecture of the city center is dominated by lovingly restored shopping arcades, in the historic setting of which you can not only shop, but also visit the many lively restaurants and pubs open 24 hours a day.
The Museum of the History of the City is located in the Old Town Hall, one of the most beautiful buildings of the German Renaissance. The main hall of the town hall serves as a backdrop for concerts and celebrations. Of particular note are the meeting room of the city council, the layout of the city in 1823, prison cells and a portrait of Bach.
The University of Leipzig is the second oldest university in modern Germany after the University of Heidelberg.
The universities of Cologne, Erfurt and Würzburg, which were founded before Leipzig, were suspended for a while and then reopened.
The founding of the University of Leipzig in 1409 led to the development of jurisprudence and publishing. The Supreme Court appeared, and in 1912 the German Library was founded in the city.
As a major transport hub, Leipzig offers rail connections to various parts not only of Germany but also of the whole of Europe.
For example, ICE (Inter City Express) trains connect Leipzig with Halle (Saale), Magdeburg, Braunschweig, Hanover, Dortmund, Cologne, Frankfurt, Regensburg, Munich and Nuremberg. The night express takes passengers to Prague, Vienna, Zurich, Basel and Amsterdam.
The S-Bahn local and regional electric train runs on a clear schedule between the city center and the international airport, which is a 15-minute journey away.