House for sale • 1240 m² without real estateGeorg-Schumann-Str 375/377 Leipzig Wahren Sachsen 04159

Rental yield: 4% at 2.1M and 85 thousand euros NKM.

There is potential for further growth.

Please do not call unless you are already a client!

From my own portfolio (owned for more than ten years), I am selling this well-maintained multi-family house with two entrances. Recently, I had the staircases renovated and three apartments refurbished with new flooring and fresh wall paint. In 1994, the entire building underwent a core renovation with new risers, a completely new and insulated attic including a new roof structure, and the conversion of the roof into apartments. In 2023, I had a new gas heating system installed for the whole property. The tenant structure has been homogeneous for many years with little turnover. The location is rather quiet, yet there is a tram line right at the doorstep and the Wahren cemetery is located just across the street. An energy certificate is available and can be sent by email or downloaded.

Georg-Schumann-Strasse in Leipzig starts in Gohlis and runs to Wahren:

https://www.leipzig.de/bauen-und-wohnen/foerdergebiete/georg-schumann-strasse/

Core renovated in 1994, largely rebuilt, with additional renovation scheduled for 2024. The condition is good; there is already a certificate of completion on file with the building authorities. A trade-in with an owner property is possible, even with additional payment. Transfer of ownership is available on short notice. Please refrain from sending emails or making calls if your financing is not yet arranged or if you do not have approximately 30% of the purchase price in liquid funds in your account. I already have plenty of pen pals and email acquaintances, not to mention enough people with whom I speak every day on the phone. Sorry for the blunt words—please spare both my nerves and yours.

I am not expecting bids on this property, nor will I deviate significantly from my asking price; it will remain on the market until someone decides to take it home, complete with a bow on top. Furthermore, I am in no rush for a fire sale!