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09125 Chemnitz
Gross Yield:
6%
Time to pay off with rent:
6.2 years
Price Difference:
-15%
Expected Rent:
850€/month
Property Description: This semi-detached residential building consists of three separate living units spread across two floors, along with an expanded attic. The total living area of the property is approximately 195 square meters. Additionally, there is a two-story outbuilding situated at the back of the main house. This structure is not basemented and contains two garages on the ground floor, as well as a shed. The main building was constructed around the year 1889. Heating is provided by a single stove, while hot water is supplied through an electric boiler. The overall condition of the building is almost unrenovated, necessitating substantial repairs and modernization. Due to extensive litter accumulation, access to the property has been somewhat restricted. This is an exceptional opportunity for buyers looking to invest in renovation projects and capitalize on property value appreciation.
09125 Chemnitz