House for sale • 482 m² without real estateWaldstraße 12, , Thuringia

Below is the English translation:

A renovated, attractive, inner-city, terraced, solid townhouse dating from 2024 with an appealing façade, comprising three full floors plus a converted attic floor and four large residential units – of which there are three 5-room units and one 4-room unit – each with:

- Ground floor (with terrace) comprising 119 m²,

- First and second floors (each with a large balcony) of 128 m² each,

- Attic floor with 107 m².

Spacious rented cellars and a tenant garden (on the south side) located on the courtyard side are available for use.

The apartment layouts are functional and in high demand.

The property offers sufficient storage facilities, for example for bicycles in the basement and strollers on the ground floor.

The modernization of the building took place in 2018–2019, 2020–2021, and 2024, including roof insulation and a solar system with 10 kWh for full feed-in.

The heating system was renewed in October 2021.

The house features insulated glass windows, laminate floors, new fitted kitchens, new electrical installations; bathrooms have been modernized with new bathrooms featuring showers and bathtubs, intercom systems, a new front door, and a new mailbox system. The basement was renovated in 2020.

Parking spaces are available in front of and opposite the house on both sides of the street.

The residential building is located in a quiet area near the center of the district town of Greiz, a small city with approximately 21,000 inhabitants.

Macro-location / Regional Connectivity:

Thuringia, district town of Greiz

Residential area: residential neighborhood, quiet

Transport connections: Triangle of A4, A9, A72, B 92, B 94

Railway: Regional train: Weischlitz-Plauen-Greiz-Gera

Infrastructure: well-developed, an up-and-coming region

Greiz is located in the narrow valley of the White Elster, below the confluence of the Göltzsch. The most important larger cities near Greiz are Gera, Zwickau, and Plauen. Other nearby towns include Berga/Elster and Zeulenroda-Triebes, as well as in Saxony the towns of Reichenbach im Vogtland, Netzschkau, Elsterberg, and Werdau.

Micro-location / Slightly Elevated:

Schools, kindergartens, medical practices, doctors, pharmacies, a swimming pool, and an ice sports hall are about 800 m away;

A wellness area with a fitness center including a terrace in the Altstadtgalerie on Westernhagen-Platz is about a 5-minute walk away;

City administration and the district office are in the immediate vicinity;

In three apartments on the ground floor as well as on the first and second floors, the owner had new fitted kitchens installed with all kitchen appliances after renovations in 2022 and 2024.

A high-quality renovation was carried out as well as a KfW-certified roof insulation with new roof covering, triple-glazed Velux windows with an existing photovoltaic system currently feeding in at full capacity (registration in the Market Master Data Register has been completed).

The ground-floor apartment features a spacious and newly renovated terrace with a newly renovated natural stone wall and a new stairway exit into the garden above.

Rental income based on a total living area of 482.2 m²:

Current annual cold rent: €38,174

Target annual cold rent: €40,694

Estimated market value: approximately €600,000

The property is managed by the owner and administered by a long-established, reliable property management company. Both management and administration can be taken over and continued.

The demand for large apartments in Greiz and its surroundings remains consistently high.