House for sale • 363 m² without real estateGreifenklaustraße 1 2, , Bavaria

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For sale is a five-family house, consisting of two semi-detached houses built in 1966 and 1994. The property offers approximately 362 m² of living space on a plot of about 877 m² and features 5 separate apartments.

The apartments are currently rented. At the buyer's request, the property can be delivered fully rented out, or two apartments can be left vacant.

Key Data:

- Purchase price for the residential building: €599,990

- No commission for the buyer

- 5 separate apartments

- Approximately 362 m² of living space

- Approximately 877 m² plot

- 2 semi-detached houses

- Years built: 1966 and 1994

- Fully basemented

- Additionally, a finished basement with two rooms plus bathroom and kitchen, approximately 70 m², in living quality

- Carport with annex: €25,000

- 8 outdoor parking spaces at €5,000 each = €40,000

- Oil heating systems for each semi-detached house: year of construction 1994 and 2004

Condition & Features:

- 5 apartments newly renovated – excellent condition

- Renovated finished basement in excellent condition with additional rental potential

- 6 fitted kitchens available, 5 of which are new

- Fitted kitchens separately: €15,000

Purchase Price Overview:

- Residential building: €599,990

- Carport with annex: €25,000

- 8 outdoor parking spaces: €40,000

- 6 fitted kitchens: €15,000

Total Price: €679,990

Rental & Yield Potential:

The apartments are currently rented. At present, four apartments are rented. Depending on the buyer’s preference, the property can be delivered fully rented out or with individual vacant units.

The potential rental income achievable is approximately €4,100 per month or at least about €49,200 per year.

At a total price of €679,990, this corresponds to a gross rental yield of about 7.2% and a factor of approximately 13.8.

This is an interesting opportunity for investors looking for a renovated multi-family house with an attractive yield and five separate residential units.

See it for yourself and schedule a viewing appointment!

Greifenklaustraße 10 and 12, 96182 Reckendorf

Reckendorf is a popular and sought-after residential area in the district of Bamberg. The town impresses with its family-friendly environment, good infrastructure, and an ideal rail connection to Bamberg.

On-site, you will find, among other things, an elementary school, a kindergarten, shopping facilities, and a supermarket. The well-known brewing culture, abundant nature, and numerous leisure opportunities also contribute to the high quality of life.

Due to its good connection, quiet residential setting, and family-friendly structure, Reckendorf is also in high demand among rental applicants.