$276,886

The apartment building in Wernigerode stands on a plot of approx. 402 m² and has a living space of approx. 208 m². The house was built in 1911 and was recently partially renovated. It consists of 3 separate apartments, of which the apartment on the first floor with 77 m² is rented, the apartment on the upper floor has 86 m² and was renovated in 2023/2024 and is ready for occupancy except for a few small details. The attic apartment with 45 m² is also rented out. The rental income for both apartments is currently 5280 euros per year and can be increased.In 2021, the roof of the house was completely re-roofed and the gable was re-clad, and some windows were replaced in the same year. The gas heating on the upper floor was also renewed in 2023 and has yet to be put into operation. The bathroom on the upper floor was fitted with new sanitary facilities and high-quality materials; only the floor still needs to be redesigned here. The property has a cellar, which can be ideally used as a storage room for the rental apartments, a garage/parking space and the possibility of shared use of the garden for the tenants. There is also an outbuilding with garages and a small house on the property, which can be used as living space after extensive renovation.The property is ideal for investors who are looking for a lucrative capital investment and would like to move into a new home with an immediate source of income. The location in Wernigerode, in upper Hasserode, offers good connections to public transport, stores and restaurants.The 3 apartments offer a total of 10 rooms, including 3 bedrooms and 3 bathrooms. Each apartment has a kitchen and a living room, offering tenants plenty of space and comfort. The well-kept furnishings of the house ensure a pleasant living atmosphere and make the property an attractive offer for potential buyers.Overall, this apartment building is a solid investment in a property in a good location with stable rental income and development potential. There are still some investments to be made, a new electrical distribution system is already in place and just needs to be installed, as well as a few small things in the stairwell that still require craftsmanship. Interested parties should take the opportunity to take a closer look at the property.It is also possible to purchase a sunny garden plot of approx. 2300 m² just 20 m away. An ideal retreat for nature-loving families.All in all, this apartment building offers an interesting investment opportunity in an attractive location with a variety of possible uses. Arrange a viewing appointment today to see this offer for yourself.

Amenities

• Bedrooms: 3
• Full Bathrooms: 3
• Partial Bathrooms: 0
• Property Type: Multi Family
• Home size: 2,238 ft² / 207.92 m²
• MLS: 24363005
• Web ID: KXKMTG
• Status: Available