Edificio en Muenchenbernsdorf Thuringia
Markt

We have on offer a tenanted apartment house in Thuringia with 10 residential units. This property dates back to 1900 and was modernized in 2007 though some apartments would benefit from a refurbishment. The total residential area measures 488 m².

Muenchenbernsdorf is a smaller town in Thuringia, mostly known for its carpet industry. Muenchenbernsdorf is situated approximately one hour south of Leipzig and east of Erfurt.

Five units are currently tenanted and offer an annual net cold rent of 14043 euros - a current yield of 12%.

The estimated cost of refurbishing the vacant apartments and some communal repairs is approx 70-80,000 euros. With all units tenanted and the refurbishment cost taken into account, the expected net cold rent could exceed 27,500 offering a potential yield of 14.2% !!

Interested? Why don´t you call us!