Other for sale in Borna, Germany

• Anzahl der Etagen im Haus 2
• Boden Laminat
• Balkone 1
• Garten
• Keller

Property Description: The 1927 built, detached multi-family house consists of nine residential units, mostly 2 to 3-room apartments. Six of the apartments are approximately 59 to 62 m2 each, one apartment is about 120 m2, and two attic apartments are 75 m2 each. The total area of the property is divided into three plots and amounts to a total of 3179 m2, of which approximately 550 m2 could be used as building land. There are eight prefabricated garages, two brick garages, a double carport, and another carport on the property. Numerous green spaces and privately used gardens belonging to the respective apartments, which are in extremely well-maintained condition, are also available. The object, built in solid brick construction, also has a cellar and a balcony and is equipped with a roof orientation facing south-west, making it ideal for installing a photovoltaic system. During the extensive modernization and renovation in 1998, in addition to the attic conversion, all existing apartments were modernized and received new insulated glass plastic windows and respective floor gas heating. In addition, all water pipes, drains, and power lines were renewed. The bathrooms were re-tiled, washing machine connections were installed, and the kitchens were equipped with corresponding connections for an electric stove. The property is fully rented out. Upon sale, the approximately 120 m2 apartment can be newly rented at an attractive rental price level. The annual net cold rent, including the garages and parking spaces, currently amounts to €52,982.99. Price Thoughts: The property offers a great investment opportunity due to its fully rented out status and potential for additional rental income with the large apartment. The extensive modernization and renovations done in 1998 have increased the value and attractiveness of the property, making it a solid long-term investment. The spacious grounds, garages, and well-maintained gardens add to the overall appeal of the property. The current price of 865,000€ may seem high at first glance, but considering the rental income and future potential, it presents a good value for the quality and size of the property.