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Yield property top renovated + rented in central location of the large district town of Reichenbach
Weststraße 22, 08468 Reichenbach (Reichenbach im Vogtland) – SachsenThis very well-maintained mid-terrace house with a north-south orientation is situated in an elevated location in the upper center of RC, consisting of 4 residential units, some with balconies (except first floor). It was completely renovated in 1995 and continuously modernized and maintained until 2025. A PV system was installed in 2024. Floor ceiling insulation to the pitched roof in 2020.
The floor plans are functional, the apartments are flooded with light and equipped with windows in the bathroom with bathtub and WC. An additional guest WC is available.
The balcony offers a panoramic view of the gardens and the old town.
Each apartment has a fully fitted, well-kept cellar room. There is also a bicycle storage room and space for bins, etc.
Are you interested in this offer?
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Object Number
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OM-239185
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Object Class
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apartment building or investment property
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Object Type
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apartment building
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Handover from
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by arrangement
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Purchase price & additional costs
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purchase price
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548.000 €
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Purchase additional costs
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approx. 37,115 €
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Total costs
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approx. 585,114 €
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Price per m²
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1,266.00 €
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Operating costs allocated p.a.
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11,035 €
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Non-allocatable operating costs p.a.
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3,752 €
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Breakdown of Costs
* Costs for notary and land register were calculated based on the fee schedule for notaries. Assumed was the notarization of the purchase at the stated purchase price and a land charge in the amount of 80% of the purchase price. Further costs may be incurred due to activities such as land charge cancellation, notary escrow account, etc. Details of notary and land registry costs
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Estimated monthly rate: 1,973€
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Details
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Condition
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rehabilitated
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Monument protection object
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Yes
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Year of last modernization
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2025
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Number of floors
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4
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Total area
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433 m²
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Net rental income (target) p.a.
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30745 €
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Net rental income (actual) p.a.
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26148 €
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X-times rental income
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17.80
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Number of units
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4
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Flooring
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laminate, tiles, other (see text)
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Heating
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central heating
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Year of construction
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1913
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Equipment
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balcony, garden, basement, full bath, shower bath, fitted kitchen
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Infrastructure
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pharmacy, grocery discount, general practitioner, kindergarten, primary school, secondary school, middle school, high school, comprehensive school, public transport
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Information on equipment
Entrances: 2
Floor plans: functional
Floors: parquet, laminate, tiles, PVC
Walls: plaster or woodchip
Windows: Double wooden windows
Bathrooms: Full bathroom, WC, guest toilet
Cellar insulated and fully renovated
Floor ceiling insulation
Use of garden
TV / cable / satellite: cable
PV system
Location
Location: Large district town of Reichenbach, Vogtlandkreis (V)
Population: approx. 20,000
Federal state: Saxony
Nearest larger city: Zwickau, approx. 25 km away
State capital: Dresden, approx. 134 km away
Federal highway: B 94 and B173, approx. 0.4 km away
Highway access: A 72, approx. 4 km away
Train station: Oberer Bahnhof, approx. 0.4 km away
Airports: Hof-Plauen, approx. 18 km away, Halle/Leipzig approx. 140 km away and Dresden approx. 135 km away
Inner-city location:
Extended town center, quiet location, recultivation and redesign of Solbrigplatz 2018/2019 with new medical center and green area;
All stores for daily needs in the immediate vicinity;
Near the newly renovated municipal swimming pool, near OBI, ALDI, new REWE, fitness;
Elementary school, grammar schools, kindergartens, doctors' surgeries, medical center, pharmacies City administration in the immediate vicinity;
Sports fields approx. 2 km away;
City park at Postplatz, Park der Generationen, Park Oberreichenbach
All public transportation (bus and train) within walking distance
Other infrastructure:
Near Göltzschtal bridge and Mylau Castle
Up-and-coming region thanks to good business development and promotion
Location Check
Energy
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Energy certificate type
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not legally required
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Main energy source
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gas
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Grundrisse Weststr. 22
Flurkarte, Lageplan
Miscellaneous
A market and mortgage lending value appraisal dated 31.01.2020 is available and can be provided.
The property is managed and operated by a local, long-standing and experienced property management company.
Property with reduced gas costs due to framework agreement.
Broker inquiries not welcome! According to § 7 UWG, unsolicited contact by brokers without the express consent of the recipient is prohibited!
Topic portals
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Offer from: Markus Hörning
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