Apartment house in city Oelsnitz (Vogtland)
400.00 sq.m., 8 bedrooms

€ 179 000

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Multifamily apartment house and a business in Germany

We offer for sale a tenement house in the city of Elsnitz (Saxony, Germany) combines the possibility of simultaneous combination of the three types of business: leasing of long-term and daily rent apartments, as well as commercial use of the premises on the ground floor for your own business or for renting. By purchasing this object, you ensure the diversification of income within a single object.

This 4-storey apartment house with commercial premises was built in 1928 and consists of premises for a shop or office on the ground floor and 5 apartments.
Current gross income is on average approx. 2.400 € per month.
Gross yield: approx. 16% per annum.

- Object: a profitable apartment building with commercial areas
- Wена per sq. m: 448 €
- City/District: Elsnitz (Oelsnitz/Erzgebirge)
- Living/usable area: 400 sqm
- The number of floors in building: 4, including the attic
- Type of house: detached house with garden and basement
- Square footage: 900 sq m
The condition of the house: normal, sanitized
- Year built: 1928
Is a year of modernization/redevelopment: 1995
- Lift: no
- Current rental income: approx. 29.000 € per year gross
- Current yield: approx. 16% of the annual gross
- Type of heating: Central, gas
Number of apartments: 5
- Number commercial. rooms: 1
- Number of bathrooms: 6
Windows: double glazing with plastic frames
- Floors: laminate, tile floor
- Garage/Parking space: 4 (on land)
- Monument: no
Energy passport: 195 kWh/(m2*a)

Sale price: 179.000 €
The Commission from the buyer: 5,95% incl. 19% VAT of the purchase price under the contract to/p

Equipment: three apartments are fully furnished


- KG (Basement): basement room with technical equipment, bike room and storage rooms of the residents.

- EG (1st FLOOR): 1st floor 3 bedroom apartment with an area of approximately 42 sq m and commercial premises area of about 68 sq. m. the Apartment has a living room combined with kitchen, two bedrooms, bathroom with window and bath, hallway. In 2017, the apartment is renovated and furnished. At the moment it is available for daily rent and has 6 beds.

Commercial premises require minor repairs that can be ispolzovano a shop or office. Entrance from street, there is access to a covered terrace. At the moment it is empty and not leased.

- 1.OG (2nd FLOOR): there are two 2-bedroom apartments with a living area of 55 m2 each and consist of a living room, bedroom, kitchen, hallway, bathroom with window (bathtub, toilet). One of the apartments - No. 2 - put into long-term lease from 01.10.2011; the net rent is 220 euros per month. The second apartment - No. 3 - fully furnished in 2016 and is currently available for daily rent.

- 2.OG (3rd FLOOR): this floor is located one 4-room apartment - number 4 - living area of 110 m2 including living room, bedroom, two children's rooms, two bathrooms with Windows (one with bathtub, another with shower), hallway. The apartment is rented from 01.10.2013, in a long-term lease; net rent is 420 euros per month.

- DG (Attic FLOOR): Apartment No. 5, residential area of approx. 70 m2, consisting of living room, kitchen, bedroom and bathroom. The apartment is fully furnished in 2016 and for daily rent.

Apartment No. 1 (1st floor), No. 3 (on 2nd floor) and No. 5 (in the attic) sold with the furniture, the cost of which is already included in the selling price. As a use, these three apartments can be rented out for long term or used by the buyer for own stay.

Green yard has to rest. Directly in the courtyard there are three Parking spaces for vehicles.

- floors: laminate, tiles;
- walls-Wallpaper for painting; bathrooms – tiles; in the kitchen - paintable Wallpaper and tile in the workspace.
- Windows: double-glazed Windows with plastic frames;
- bathrooms with Windows and modern fixtures;
Central heating and hot water heating.

The apartments include storage room in the basement.

The house is in good condition, appropriate to their age.

The house is located in the small town of Elsnitz located in the region of the Ore mountains (Erzgebirge), in Saxony (Sachsen), 20 km from the town of Zwickau, 25 km from the city of Chemnitz and 50 km from the border with the Czech Republic. The population of the city, Elsnitz - about 12,000 inhabitants.

All the necessary infrastructure (schools, shops, doctors, station etc.) are in close proximity.

The Erzgebirge region is in demand among tourists and is ideal for Hiking and Cycling. Nearby popular attractions: amusement Park, museums, castles, fortresses.

The Commission of 5.95% incl. 19% VAT of the purchase price under the contract to/p is to be paid V&M Investment UG is the case at the moment of signing by the buyer of the notarial contract of purchase and sale.

Location of the property on the map

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