In the lovable city Goerlitz, we have available a completely vacant apartment block! This attractive building dates back to 1900 and was modernized around 1990. It is featured with modern tiled bathrooms and central heating, only the roof needs some repair - see later. It has 9 residential units divided over 4 floors and a residential area of 600 m².

Goerlitz is a historical city on the border with Poland, 100 km east of Dresden and less than 3 hours drive south-west of Berlin. It has a rich architectural heritage, for example the oldest civil renaissance buildings in Germany. Its population exceeds 56,000 and is a very popular tourist destination

This apartment block really has a very attractive potential yield. The estimated cost for the roof repair and rain damage is 64,000 euros. With all the units tenanted and the renovation costs of the roof accounted for then there is still a potential yield of approx 20%!

This property has an absolute bargain price of only 166 euros per m2! A terrific opportunity for a smart investor....