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Yield property, top renovated with PV system, fully let, close to the center in the district and residence town of Greiz

Waldstraße 12, 07973 Greiz – Thüringen
515.000 €
15
Room
482 m²
Living Area
411 m²
Plot Area
Private offer
House
Multi-family house

A top renovated, attractive inner-city mid-terraced solid house with an attractive facade and 3 full storeys + converted attic and 4 large residential units, including 3 x 5-room flats and 1 x 4-room flat each on the ground floor (with terrace) with 119 m².
- ground floor (with terrace) with 119 m²,
- 1st floor and 2nd floor (each with large balcony) each 128 m²,
- attic with 107 m².

Spacious tenant cellar and tenant garden (south-facing) available for use on the courtyard side.
The apartment layouts are functional and in high demand.
The property has ample storage space, e.g. for bicycles in the basement and baby carriages on the first floor.

The house was modernized in 2018 - 2019, 2020 - 2021 and 2024 with roof insulation and solar system with 10 kWh for full feed-in.
The heating was renewed in OKtober 2021.
The house has double-glazed windows, laminate flooring, new fitted kitchens, new ELT; sanitary with new bathrooms with showers and bathtub, intercom systems, new front door and mailbox system. The basement was renovated in 2020.

Parking spaces are located in front of and opposite the house on both sides of the street.

Are you interested in this house?

Object Number
OM-209672
Object Class
House
Object Type
Multi-family house
Is occupied
Vacant
Handover from
Immediately

Purchase price & additional costs

purchase price
515.000 €
Purchase additional costs
approx. 40,450 €
Total costs
approx. 555,449 €

Breakdown of Costs

Purchase price 515.000 €
Real estate transfer tax 33,475 € (6.50%)
Notary costs 4,617 € (0.90%)
Land register entry 2,358 € (0.46%)
Broker commission 0€ (0%)

* Costs for notary and land register were calculated based on the fee schedule for notaries. Assumed was the notarization of the purchase at the stated purchase price and a land charge in the amount of 80% of the purchase price. Further costs may be incurred due to activities such as land charge cancellation, notary escrow account, etc. Details of notary and land registry costs

Does this property fit my budget?

Estimated monthly rate: 1,864€

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Based on equity 20% of the purchase price plus the purchase incidental costs / 10 years fixed interest rate / 2% initial repayment / Effective interest rate 3.43%

Details

Condition
Rehabilitated
Number of floors
3
Usable area
100 m²
Number of parking lots
3
Flooring
Laminate, Tiles
Heating
Central heating
Year of construction
1912
Equipment
Balcony, Terrace, Garden, Basement, Full bath, Shower bath, Fitted kitchen
Infrastructure
Pharmacy, Grocery discount, General practitioner, Kindergarten, Primary school, Secondary school, Middle school, High school, Comprehensive school, Public transport

Information on equipment

In 3 apartments on the ground floor and 1st + 2nd floor, the owner had new fitted kitchens including all kitchen appliances permanently installed after the refurbishment in 2022 and 2024.
A high-quality renovation was carried out as well as KfW on-roof insulation with new roof cladding, triple-glazed Velux windows with existing PV system for current full feed-in (registration in the market master data register).
The ground floor apartment has a spacious and newly renovated terrace on a newly renovated natural stone wall and a new staircase leading to the garden above.

Location

The residential building is situated in a quiet location close to the center of the district town of Greiz, a medium-sized town with approx. 21,000 inhabitants.

Macro location / supra-local connections:
Thuringia, district town of Greiz
Residential area: Residential area, quiet
Transport connections: A4 triangle, A9, A72, B 92, B 94
Railroad line: Regio-Bahn: Weischlitz-Plauen-Greiz-Gera
­Infrastructure: well-developed, up-and-coming region
Greiz lies in the narrow valley of the Weiße Elster, below the mouth of the Göltzsch. The most important larger towns near Greiz are Gera, Zwickau and Plauen. Other nearby towns are Berga/Elster and Zeulenroda-Triebes as well as the towns of Reichenbach im Vogtland, Netzschkau, Elsterberg and Werdau in Saxony.

Micro location / slight elevation:
Schools, kindergartens, medical practices, doctors, pharmacies, swimming pool and ice rink approx. 800 m away;
Wellness facilities with fitness center with terrace in the Altstadtgalerie on Westernhagen-Platz approx. 5 minutes on foot;
City administration and district office in the immediate vicinity;

Location Check

Health
450m
Child Friendliness
Nature
50m
Shopping
150m
Eating Out
200m
Sports
500m
Culture
300m
Nightlife
250m
Public Transport
100m

Energy

0 25 50 75 100 125 150 175 200 225 ≥250
Energy efficiency class
B
Energy certificate type
Demand certificate
Main energy source
Gas
Final energy demand
71.80 kWh/(m²a)

PDF

Miscellaneous

Rental income with a living space of: 482.2 m²
basic rent p.a. ACTUAL: € 38,174
Target basic rent p.a.: € 40,694
Market value approx.: € 600,000
The property is managed by the owner and administered by a long-standing, reliable property management company. Both can be taken over and continued.

The demand for large apartments in Greiz and the surrounding area remains high.

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Commission: No commission for buyers

Offer from: Markus Hörning

Phone: 03744 3652050