For sale by private owner: Multi-family building with 24 apartments, located in the town center of 02959 Schleife.

Here is a multi-family building with 24 apartments, built with solid construction. The fully basemented property consists of four staircases, each with 6 apartments. The attic can be converted into additional living space. The basement rooms and attic are fully usable.

For sale is a multi-family building that is exceptionally well-built and durable. It is ideally suited for renovation according to your own preferences, and you can benefit from various funding programs (KfW, Sächsische Aufbaubank, etc.). In preparation for the renovation, two of the staircases in the multi-family building have already been emptied in preparation for the start of the renovation work. The remaining two staircases are almost fully occupied.
CURRENT rent: €17,928 (almost completely vacant for renovation)
PROJECTED rent after renovation: €133,554

Once the first two staircases are completed, tenants can be offered the option to move to the renovated staircases at significantly higher rental rates, allowing the renovated staircases to be immediately occupied and generate rental income.

Location Details:
Schleife is a very well-maintained, friendly, and attractive community. The apartment building is located within the community in an excellent location. Across from the apartment building, in a beautiful green area, is a street with almost everything needed for daily life: a savings bank, dentist, general practitioner, pharmacy, supermarket, bakery, hairdresser, drugstore, and nearby, a physiotherapy practice and a school.
The train station is 600 meters away.

Macro Location:
The property, located in Schleife, is ideally situated close to the towns of Weisswasser (8.5 km away), Spremberg (14 km away), and Cottbus (35 km away).