Capital investment - package of 7 apartments + plot in the heart of Zwickau with potential

For sale is a package of 7 of 10 apartments in an apartment building (divided according to WEG) as well as the undeveloped neighboring property in the heart of Zwickau.

The house was built around 1900 and was completely renovated at the turn of the millennium. The heating and electrical installations were renewed in 2013-2015. Some of the apartments were freshly renovated last year (paintwork, some doors, vinyl flooring).

The living space is distributed over the 7 apartments as follows:

Ground floor A-1 31,30m2
Ground floor A-2 48,19m2
1st floor A-4 62.50m2
3rd floor A-7 65.42m2
3rd floor A-866,14m2
4th floor A-961,65m2
4th floor A-1061,60m2

After years of successful letting as furnished temporary living, the apartments are ready for new long-term letting. Currently the monthly NKM is EUR 1,130 or EUR 13,560 p.a. (3 of 7 apartments rented)
The rent is expected to be EUR 1,985.00 or EUR 23,820.00 p.a. and this at a rather low rent due to the location. Higher rents are certainly possible.

The undeveloped neighboring plot is also being sold. Size 380,00m2. There is a positive preliminary building permit for an aparthotel. The previous planning can also be handed over.
Otherwise, the property could also be enclosed in the short term and parking spaces could be rented to own tenants or third parties. Lockable parking spaces are rare and sought-after.

Each apartment has a cellar.

No major investments are currently planned in the condominium. However, it would certainly be possible to agree measures 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.