$354,219

The "Hoher Fläming" Nature Park is not only home to numerous animal and plant species, but also to a steadily growing number of inhabitants.The former dairy was built in 1945 and supplied the surrounding villages with food a long time ago. Between 1992 and 2005, the building was converted into an apartment building with a total of 9 residential units. In 2007, the building was to be extended by three further residential units. However, this project was never fully implemented. After completion of the remaining residential units, the property offers 12 residential units and a rentable area of approx. 631 m². The building is divided into a large front building, a small rear building and the aforementioned shell. The existing buildings are in need of renovation.Six residential units are currently let. The current rental income is approximately € 1,614.00 per month. This corresponds to an annual rental income of approx. € 19,368.00. By completing the shell of the building, renovating the existing apartments and adjusting them to the local comparative rent, rental income of around €4,417.00 per month and around €53,004.00 per year can be generated. The local comparative rent in Wiesenburg and the surrounding area is between € 6.00 and € 8.00 per square meter for existing apartments.The building permit for the shell of the building was granted by the building authority in 2007. Construction work was started but never completed. The building permit has since lapsed and would have to be resubmitted for completion in accordance with current laws and regulations.There are 3 garages and a small workshop on the enclosed property. The driveway and a large part of the courtyard are paved with high-quality granite stones. There are numerous parking spaces in the courtyard. The garden is located at the rear of the property. This is shared by the tenants.See the potential of this property for yourself. Please contact us for further information.

Amenities

• Bedrooms: 0
• Full Bathrooms: 13
• Partial Bathrooms: 0
• Property Type: Multi Family
• Home size: 6,792 ft² / 630.99 m²
• MLS: 23165051
• Web ID: ZAKYRK
• Status: Available