RENT-FREE: Renovated multi-family house with a minimum yield of 7.2% or a factor of 13.8.

You save €24,276 in real estate agent fees! For sale is a multi-family 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 apartments are currently rented out. At the buyer's request, the property can be handed over fully tenanted. Alternatively, some apartments can be left vacant, for example, for personal use or for individual re-letting. One apartment in the attic is currently being renovated and will be completed before the sale. Key details:
- Purchase price for the building: €599,990
- No buyer's agent fees
- 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
- In addition, a high-quality finished basement with two rooms plus bathroom and kitchen, approximately 70 square meters.
- Carport with extension: €25,000
- 8 outdoor parking spaces at €5,000 each = €40,000
- Oil heating systems for each semi-detached house: built in 1994 and 2004. Condition & Features:
- 4 apartments newly renovated – in excellent condition.
- 1 attic apartment is currently being renovated and will be completed.
- Renovated basement, in excellent condition, offering additional rental potential.
- 5 built-in kitchens are available, 4 of which are new.
- Built-in kitchens (separate): €15,000.
Purchase Price Overview:
- Residential building: €599,990
- Carport with extension: €25,000
- 8 outdoor parking spaces: €40,000
- 5 built-in kitchens: €15,000
Total price: €679,990
Rental & Investment Potential:
The apartments are currently being rented out. Depending on the buyer's preference, the property can be delivered fully rented or with some vacant units. The potential rental income is approximately €4,100 per month, or at least €49,200 per year. With a total price of €679,990, this represents a gross rental yield of approximately 7.2% and a factor of approximately 13.8. This is an attractive opportunity for investors looking for a renovated multi-family house with an attractive return, offering five self-contained units. Come and see for yourself and arrange a viewing!

Greifenklaustraße 10 and 12, 96182 Reckendorf

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

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

Due to its good connections, peaceful residential environment, and family-friendly atmosphere, Reckendorf is also very popular with potential renters.