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One bedroom apartment in good quality building, already let
Here’s a great opportunity to purchase a two-bedroom apartment of 59 m2, in very good condition. This offer is situated in a modern property in the city of Gera (built 1997), about 55 km south of Leipzig. It offers commercial premises on the ground floor and three apartments above.
The apartment offers a double bedroom of 15.84 m2, a kitchen, a bathroom, and a living room of 19.93 m2.
The condition of the whole property is considered to be generally good. Parking is to the rear and the building occupies a prominent situation on a commercial Street.
The commercial part of the building extends to 125 m2, with the residential part occupying 253 m².
The apartment is let out and produces a net rental income p. a. of €2,700 . Purchase price is only €39,000. That gives a net return of 6.92%, which is good for a safe and mature market like Germany. For landlords, there is the benefit that tenants in Germany tend to stay for a long time.
For the investor wanting a solid ready to go investment, this property should be ideal. Purchase price is affordable, yet the apartment is of a good size, excellent condition and already producing income.
***The entire building can be purchased and please visit property ref. G030 for further information***
Please note that an admin fee of 2 000 Euros applies. Reduction available in the event the entire block is purchased in one transaction

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