Other for sale in Plessa - Brandenburg, Germany

Property Description This property in Plessa, Brandenburg offers great investment potential with a yearly cold rent of 45,000€. There are currently 3 vacant apartments and several existing rental agreements in place. The building features a ZH central heating system with hot water preparation installed around 2005. The windows and entrance doors have been modernized, and the majority of the apartments have been renovated as shown in the pictures. Some areas of the building have been excavated and newly waterproofed, with updated gutters and electrical wiring in the modernized sections. The property consists of 3 buildings with a total of 16 residential units, of which 13 are currently rented out and 3 are available. The property sits on a large plot of 14,403 m2, complete with garages and gardens. Thoughts on Price The asking price of 449,000€ reflects the potential income from the current rental units as well as the opportunity to increase revenue by renovating and renting out the remaining vacant apartments. With the recent updates to the building and the substantial amount of land included, this property presents a valuable investment opportunity in the real estate market.