A 5-unit apartment building, free of encumbrances, with vacancies and a gross return of at least 6.8% or a capitalization rate of 14.

You save €23,750 in real estate agent fees! For sale is a vacant 5-unit apartment building, consisting of two semi-detached houses built in 1966 and 1994. The property offers approximately 362 square meters of living space on a plot of approximately 877 square meters and features 5 separate apartments. The advantage for investors: The building is completely vacant and can be re-rented without existing leases, or potentially divided in the future. Short-term rentals as holiday apartments or to workers would also be feasible. Key details:
- Purchase price: €650,000
- No commission for the buyer
- 5 separate apartments
- Approximately 362 square meters of living space
- Approximately 877 square meters of land
- 2 semi-detached houses
- Year of construction: 1966 and 1994
- Fully basement
- Basement with finished living space, including two rooms, plus bathroom and kitchen, approximately. 70 m²
- 1 double carport with extension/garden house included in the purchase price
- 8 outdoor parking spaces included in the purchase price
- Oil heating systems for each detached house: built in 1994 and 2004
Condition:
- 2 apartments newly renovated, in excellent condition
- 2 apartments well-maintained, in very good condition
- 1 apartment in need of renovation
- Renovated basement, in excellent condition
- 5 fitted kitchens available, 4 of which are new
- The fitted kitchens are not included in the purchase price and can be purchased separately.
Rental potential: from approximately €3,700 per month, or approximately €44,400 per year. This results in a yield of approximately 6.83%. This corresponds to a factor of approximately 14.6. Come and see for yourself and arrange a viewing!

Reckendorf is a popular and desirable residential area in the Bamberg district. The village is attractive due to its family-friendly environment, good infrastructure, and excellent transport links to Bamberg.

The village boasts a primary school, a kindergarten, shops, and a supermarket. The well-known brewing tradition, abundant nature, and numerous recreational opportunities also contribute to the high quality of life.

Due to its excellent transport links, peaceful residential setting, and family-friendly atmosphere, Reckendorf is also highly sought after by those looking to rent.