High-yielding 3-room apartment in a good location / solid investment!

This well-maintained and modernized 3-room apartment boasts an exceptionally beautiful view, a quiet, green location and an existing tenancy - ideal for investors, but also with prospects for owner-occupiers.

The apartment is located on the 2nd floor of a quiet apartment building with only two floors. Due to its elevated position, you can enjoy a wide view over Plauen, which clearly sets this apartment apart from comparable units in the building. Especially from the kitchen, bathroom and the additional room, an impressive view over the city opens up on a clear day.

At a glance:
-approx. 64.8 m² living space
-3 rooms (living room, bedroom, additional room)
-2nd floor (top floor)
-rented - immediate return on investment
-district heating as main energy source
-maintained, quiet apartment building

Condition & equipment

The apartment has been continuously maintained and modernized and is in very good overall condition:
-new, modern laminate flooring
-new doors
-bathroom, kitchen, windows and electrics in good condition
-bright rooms with very good incidence of light

The building dates back to 1938, but underwent extensive energy modernization in 1998 (including conversion to district heating). During this process, communal areas such as the stairwell and façade were also upgraded.

Location - quiet, green and yet central

The apartment is located in one of the most popular residential areas of Plauen, the so-called Gartenstadt. The surrounding area is characterized by lots of greenery, generous distances between the houses and a pleasant living atmosphere.
-Shopping facilities directly nearby
-Hospital within walking distance or a short distance away
-Schools and other infrastructure in the surrounding area
-Quiet residential area outside the direct city center
-yet quick connection to the city center

This location offers a high level of quality of life and security, particularly for families, older people or long-term tenants.

Investment with prospects

The apartment is currently let and is ideal as a solid capital investment with ongoing income. At the same time, it remains attractive for owner-occupiers in the long term due to its layout and location.

Further advantages
-Parking space directly in front of the building
-Plenty of green space around the building - ideal for children
-Very good house and owner community, which has a positive effect on management and maintenance

Transparency
-­no balcony
-no elevator (2nd floor)

The monthly house rent is € 229
Leasehold monthly € 68
Basic rent p.a. € 3,240

The apartment is located at Alte Reichenbacher Straße 16 in Plauen - a mature residential area known for its quiet atmosphere, greenery and high quality of life.

The immediate surroundings are characterized by loosely built-up areas, generous green spaces and a pleasant neighbourhood. In contrast to densely built-up inner-city locations, residents here benefit from plenty of space, peace and quiet and a high recreational value without having to sacrifice good connections.

Central advantages of the location:
-Shopping facilities for daily needs in the immediate vicinity
-Hospital within easy reach - an important location factor, especially for older tenants
-Schools and other educational institutions in the immediate vicinity
-good connection to the urban area of Plauen
-quiet residential street without through traffic

The character of the garden city is particularly noteworthy: lots of greenery, old trees and open spaces between the houses create a residential feel that is very popular with families as well as long-term tenants. Children will find safe outdoor areas to play in, while adults appreciate the tranquillity and clarity of the district.

The location thus ideally combines residential tranquillity, security and suitability for everyday use - a decisive advantage for both investors and owner-occupiers with a long-term perspective.