Multi-family house with possible 8.5 % yield, Reichenbach Im Vogtland, Germany

The apartment house offered for sale here was built in 1927 on an approximately 250 m² plot in massive construction. A total living space of 249.41 m² is distributed over three floors. The five residential units all have a functional floor plan and convince with advantageously cut rooms. The rooms are supplied by the many and large windows with sufficient daylight. Bathrooms and kitchens are equipped with bright tiles. White wooden beam ceilings contribute to a homely ambience. Three apartments are currently empty and in need of renovation. 

If the apartments are fully renovated, the target net rent is 12,470.00 € p.a..

The facade at the entrance is in need of renovation.

Reichenbach in the Vogtland lies in the southwest of Saxony between Plauen and Zwickau. The large district town looks back on 800 years of history and invites visitors to discover it. During a walk through the centre of Reichenbach past the Peter-Paul-Kirche, the Trinitatiskirche and the church St. Marien you get a first impression of the historic city. The old town offers an extensive park of the "Park of Generations", which was created in the course of the preparations for the 5th Saxon State Garden Show. The Göltzschtal Bridge, the largest brick bridge in the world, is a must for every visitor. In and around Reichenbach there are numerous hiking, biking and pilgrim paths to discover. The B94 and the B173 lead through the city area. To the south is the A72 with its own junction. 

An agent's commission in the amount of 7.14 % of the purchase price incl. legally applicable VAT of 19% is due upon conclusion of a notarised purchase agreement.

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