House for sale • 763 m² without real estateKarl-Liebknechtstr. 28, , Thuringia

The classically designed multi-family house was built in 1938 using solid brick construction and is fully basement-equipped. In the early 1990s, a comprehensive renovation took place, including insulation measures, new windows, the renewal of the heating and electrical installations, as well as the development of the attic.

The building features eight apartments with a total living area of approximately 770 m². Seven of the apartments offer three to four rooms on about 80 to 100 m², making them particularly appealing to couples and families.

The spacious attic apartment, with around 160 m², offers six rooms, two bathrooms, and a beautiful view over Ilmenau.

All apartments come with fitted kitchens. Over the past ten years, the floor coverings in the apartments have been renewed.

The property is fully rented and currently generates approximately €62,100 in annual net rental income. The tenancy is marked by an exceptionally high level of continuity: over the past twelve years, the total vacancy across all eight apartments was less than 18 months. This corresponds to a historic rental occupancy rate of over 98%.

Recently, three apartments have been newly let without any interim vacancy at cold rents of over €7.00 per m² each.

Based on an estimated average rent of €7.50 per m², the calculated annual rental potential is around €69,300. With a purchase price of €930,000, this corresponds to a potential gross rental yield of about 7.45%, compared to 6.68% based on the current rental income.

The house is particularly suitable for investors seeking an established, fully leased multi-family house with solid construction, long-term stable rental income, and further rental development potential.

The multi-family house is located in the attractive, inner-city-near area of Ilmenau. The city centre can be reached in about a five-minute walk, and the two locations of the Technical University of Ilmenau are each about a 15-minute walk away.

Local amenities are excellent: a Kaufland supermarket as well as the new swimming pool are located less than 200 meters away.

Due to the short distances to the city centre, university, shopping facilities, and leisure activities, the location is attractive for families, working professionals, as well as students.

The multi-family house underwent a comprehensive renovation in the early 1990s. Since then, regular maintenance and modernization measures have been carried out as needed.

The eight apartments are in various, overall well-maintained conditions. All apartments have fitted kitchens, proper floor coverings, and fully functional bathrooms. The technical facilities, particularly windows and electrical installations, are continuously maintained.

The building's features include:

• Fiber-optic connection and cable TV supply via fiber-optic

• Five parking spaces in the courtyard

• Communal laundry room

• Separate bicycle cellar

• Drying room in the basement

A particular advantage is the district heating supply. According to the provider’s certificate, this is 100% CO₂-neutral. As a result, provided that the relevant billing emission factor applies, there is no landlord-related share of the CO₂ costs, as can be the case with fossil-fueled multi-family houses.

According to the energy certificate, the building reaches energy efficiency class D and thus shows a comparatively good energy status for a multi-family house built in 1938.

The combination of CO₂-neutral certified district heating, existing insulation, and energy efficiency class D provides a solid basis with regard to meeting future energy requirements and possible modernization measures.

The sale is made directly by the owner and is therefore commission-free for the buyer.

A detailed rental statement, the energy certificate, as well as further property documents, can be provided upon serious interest in purchasing.

Viewings are possible by prior arrangement. Out of consideration for the tenants, please understand that viewing appointments need to be coordinated.