Commission-free: Apartment package (4 units) with a 6% return.

The property offers an attractive investment opportunity with a stable rental income and further development potential. The building was originally constructed in 1950 and underwent a comprehensive renovation in 1995 (including an external wall insulation system). Since then, ongoing maintenance and further modernizations have been carried out, including a new gas central heating system in 2022 and the renovation of the basement communal areas in 2025. There is currently no significant backlog of maintenance, and the property is in a well-maintained overall condition. Apartment Package:
The package includes several apartments with a total area of approximately 228.23 m². Current monthly gross rental income: €1,921
Annual gross rental income: €23,052
Features & Condition:
Roof, windows (double-glazed), and facade (external wall insulation) renovated during the refurbishment.
Bathrooms and interior finishes modernized.
Ongoing renovations during tenant turnovers (2015–2025).
New gas central heating system (2022).
Renovated gutters (2024).
Reserves & Community:
The homeowners' association has a maintenance reserve fund of approximately €5,699 (as of April 2026). Investment Highlights:
- Strong existing rental income with potential for growth.
- No current need for major renovations.
- High rental appeal due to the compact size of the apartments.
- Additional income generated from parking spaces.
- A long-standing tenant base is partially in place.

Conclusion:
This is an attractive investment for capital investors who value a stable return, a well-maintained property, and further potential for appreciation.

This well-maintained apartment is located in a multi-family building (12 units) in a central location in Bad Rodach.