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Fully occupied multi-family building, 8 units, Halberstadt – available directly from the owner, no commission fees.
38820 Halberstadt – Sachsen-AnhaltSolid investment property in the town of Halberstadt: eight residential units on approximately 430 square meters of living space, fully rented, with some units subject to index-linked rental agreements. In addition, the property includes approximately 100 square meters of currently unused storage and expansion space, which can be immediately utilized. Three of the units are significantly below the achievable rental rates for this location. This results in a clearly quantifiable potential for increased revenue – without any construction work.
KEY FEATURES OF THE PROPERTY:
* Multi-family building, detached, 8 residential units
* Approximately 430 square meters of living space, approximately 401 square meters of land
* In addition, approximately 100 square meters of storage and expansion space (currently unused)
* Built in 1903, comprehensive modernization around 2010
* Gas central heating with central hot water supply
* Energy efficiency class C – significantly above average for this building age
* All residential units are rented
FINANCIAL PERFORMANCE:
* Current net cold rent: €32,040 per year (approximately €2,670 per month)
* Target net cold rent: approximately €39,650 per year
* Potential for increase: approximately 24% without any construction work
* Current gross yield: 6.42% – Target: 7.95%
* Price-to-rent ratio (current): 15.6x – Target: 12.6x
* Non-recoverable costs: approximately €7,045 per year. The non-recoverable costs have been calculated using a commercially reasonable maintenance reserve and have not been reduced to the actual expenses incurred.
Are you interested in this offer?
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Object Number
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OM-497651
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Object Class
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Apartment building or investment property
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Object Type
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Apartment building
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Handover from
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By arrangement
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Purchase price & additional costs
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purchase price
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499.000 €
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Purchase additional costs
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approx. 31,410 €
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Total costs
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approx. 530,409 €
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Breakdown of Costs
* Costs for notary and land register were calculated based on the fee schedule for notaries. Assumed was the notarization of the purchase at the stated purchase price and a land charge in the amount of 80% of the purchase price. Further costs may be incurred due to activities such as land charge cancellation, notary escrow account, etc. Details of notary and land registry costs
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Estimated monthly rate: 2,033€
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Details
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Condition
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Well-kept
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Year of last modernization
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2026
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Number of floors
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4
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Total area
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530 m²
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Other areas
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100 m²
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Net rental income (target) p.a.
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39648 €
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Net rental income (actual) p.a.
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32040 €
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Number of units
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8
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Flooring
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Laminate, Tiles, Other (see text)
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Heating
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Central heating
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Year of construction
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1903
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Equipment
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Garden, Basement, Fitted kitchen
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Infrastructure
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Pharmacy, Grocery discount, General practitioner, Kindergarten, Primary school, Secondary school, Middle school, High school, Comprehensive school, Public transport
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Information on equipment
• Solid multi-family building, built in 1903, comprehensively modernized from 2010-2026.
• Gas central heating system with central hot water supply for the entire building.
• Six built-in kitchens are owned by the seller and will be included in the sale at no extra cost.
• One unit has a kitchen included, and one unit is used as a large apartment without a built-in kitchen.
• Energy efficiency class C for a building of this age – a significantly above-average value for this construction period, which means low heating costs and minimal need for energy-related improvements.
• Approximately 100 m² of storage and ancillary space, currently unused.
Location
Halberstadt is the district town of the Harz district, with approximately 40,000 residents, and serves as a regional center. The city has a complete infrastructure, including schools, a hospital, retail outlets, and a railway station; Magdeburg is within a 50 km radius.
The property is located in a central, established residential area with a stable demand for rentals.
We will provide the exact address to interested buyers upon request.
Location Check
Energy
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Final energy consumption
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83.20 kWh/(m²a)
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Energy efficiency class
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C
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Energy certificate type
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Consumption certificate
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Main energy source
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Gas
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Miscellaneous
VALUE ENHANCEMENT POTENTIAL
The potential for increased revenue is entirely within the existing property:
1. Existing Leases – Largest Single Opportunity
One unit is currently tied to an older lease agreement, significantly below market rates. When the tenant moves out, the rent can be immediately adjusted to the market rate for that location.
2. Escalated Rents with Fixed Increases
For two units, a rent increase is already contractually agreed and will automatically take effect on July 1, 2027. Furthermore, there is additional potential for increases.
3. Unused Storage and Expansion Space
Approximately 100 m² is currently vacant and generates no income. This space is suitable for renting out as storage, a workshop, or for small business use, and can be immediately put into use.
4. Index-Linked Rental Agreements
A portion of the existing rental agreements are linked to the consumer price index, automatically adjusting to inflation.
PURCHASE DETAILS
* Asking Price: €499,000 (negotiable)
* No Agency Fees – Direct offer from the owner, no intermediary agent involved.
* Purchase Type: Asset Deal (Land Purchase Agreement)
* Sale exclusively as a single property; division into apartments is not planned.
* Transfer of ownership to be agreed upon. DOCUMENTS
After initial contact, we will provide you with the complete property documentation, including: a detailed rental statement, energy performance certificate, land registry extract and floor plan, property valuation, property photos and floor plans, and documentation of the most recent maintenance work. Additional interior photos will be provided shortly. Viewings are possible by appointment. Out of consideration for the current tenants, we kindly request that you refrain from contacting them directly or visiting the property without prior arrangement.
Broker inquiries not welcome! According to § 7 UWG, unsolicited contact by brokers without the express consent of the recipient is prohibited!
Send a message directly to the seller
Questions about the object? Show interest or arrange a viewing appointment?
Click here to send a message to the provider:
Offer from: Axel Wohlsein
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