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Capital investment in Leipzig for sale, apartment building with potential, house project with balcony
04179 Leipzig (Leutzsch) – Sachsen5-storey residential and commercial building with full basement from the Wilhelminian era. Not a listed building. With 8 apartments and a store & office unit, together 640m2 living/usable space Currently 4 units are vacant. Vacant apartments allow direct increase in net rent.
House project. Partially renovated 1995-1997. Expansion reserve in the roof. Large south-facing balconies. After completion of the roof extension.
8 apartments and 2 fabric units.
Currently 5 units are rented.
Beautiful inner courtyard. Plot size 300m2
The property can be extended by 400m2. (Price VB)
Are you interested in this house?
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Object Number
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OM-317096
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Object Class
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house
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Object Type
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multi-family house
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Is occupied
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Occupied
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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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985.000 €
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Purchase additional costs
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approx. 66,070 €
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Total costs
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approx. 1,051,070 €
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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: 3,329€
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Details
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Condition
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by agreement
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Number of floors
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5
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Bathrooms (number)
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9
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Bedrooms (number)
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9
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Flooring
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laminate, tiles
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Heating
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central heating
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Year of construction
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1897
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Equipment
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balcony, terrace, garden, basement
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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
Extensive renovation and modernization measures were carried out between 1995 and 1997. Among other things, windows, facade plaster, the floor structure and the building services were renewed and balconies were added on the courtyard side. At the same time, a complete storey was added with a new roof and roof truss. The top floor is currently under construction
The apartment building is partially renovated and has potential as a house project / capital investment
Sold as a renovation property. Also interesting for property developers.
Location
Medium residential and commercial location not far from the Diakonissen hospital. Georg-Schwarz-Straße is the main thoroughfare in the Leutzsch district with numerous stores and service providers as well as a streetcar connection, doctors' surgeries and a daycare center, school and grammar school are also within walking distance
Location Check
Energy
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Main energy source
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gas
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Miscellaneous
Due to the vacancy, the rental income is currently approx. 22 thousand euros per year
Target 8*640=5120 Euro /61,440 TE per year
Estate agent inquiries unwanted! According to § 7 UWG, unsolicited contact by estate agents without the express consent of the recipient is prohibited!
Broker inquiries not welcome! According to § 7 UWG, unsolicited contact by brokers without the express consent of the recipient is prohibited!
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