2-room apartment in need of renovation at 9.6 times the annual net cold rent

Unrented 2-room apartment for sale.
Size 61m2 living space.
The apartment is located on the top floor of a 4-storey old building, which was completely renovated about 10 years ago (new electrics / new heating).

The apartment will be handed over furnished. The new owner would have to clear the apartment, renovate the carpeting and have the apartment painted before renting it out again.

The achievable rent in the house after renovation is EUR 315 NKM per month.

This makes an annual net cold rent of EUR 3,780 and thus a sales price of 9.6 times or a yield of 10.4%.

The apartment has a basement storage room. No major investments are planned in the condominium. However, measures could certainly be agreed with the other owners in the common property for the coming years that would improve the living environment and thus make even higher rents possible (for example, landscaping of the currently unused courtyard).

MICROLAGE

As the B175, Werdauer Straße is one of the central entry and exit roads in the vibrant automobile city of Zwickau. The convenient location is characterized by
shortest walking distance to the train station or the nearest streetcar stop (line directly in front of the door).

Distances:
550m to the Robert Schumann Conservatory
650 m to the train station with connection to Leipzig
650 m to the Paracelsus Clinic
1100 m to the old town
1400 m to the West Saxon University
2500m to the city hall
20km to the Volkswagen factory

MAKROLAGE

Zwicka­u is characterized by its central location in Europe and at the same time its peripheral location within Germany.
The Czech border is about 50 kilometers away from the city of Zwickau. Leipzig-Halle Airport is approx. 115 km from the city of Zwickau.
km away, and Dresden Airport is approx. 120 km away.
With 89,540 inhabitants (as of 31.12.2018), Zwickau is the fourth largest city in Saxony and a regional center in the southwestern part of the state.
The federal freeways 4 and 72 as well as the federal highways 93, 173, 175 and 180 run through the district of Zwickau.
Dresden, Leipzig and Erfurt can be reached in about an hour. Nuremberg can be reached in just under two hours. There are hourly S-Bahn connections from Zwickau to Leipzig Airport and Halle Central Station. Connections of the Mitteldeutsche
Regiobahn train services run to Chemnitz, Dresden and Hof.