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House for sale in Forchheim, Germany
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House for sale in Forchheim, Germany

700 000€

91301 Forchheim

Investment Breakdown

Gross Yield:

6%

Time to pay off with rent:

13.9 years

Price Difference:

-150000%

Expected Rent:

4200€/month

Property description

This is a two-story multi-family house featuring five apartments, a fully finished basement, and an expanded attic, offering a total of 360 square meters of living space, including a carport. The building is in a repair-needing condition, having been neglected over time, and is in urgent need of maintenance. Currently, one tenant is using the entire building to accommodate refugees, housing 21 individuals at the moment. With its significant potential for renovation and improvement, this property presents a unique investment opportunity in a location that may yield fruitful returns with the right management and development approach.

Location

91301 Forchheim

Date added: 18.12.2024

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