FIVE APARTMENTS FOR 87,750 EUROS!!

Ref: FBRH1457
Type: Apartment
Area: Size: 118 m2

Street: Fritz-Matschke-Str.
State: Saxony
City: Chemnitz

Tenanted: yes
Yield: 6.6 %

Absolute bargain – we have five studios available in an attractive apartment house in Chemnitz, Saxony. Four of the five apartments are currently tenanted producing an annual rental income in excess of 5780 euros which delivers a highly respectable yield of 6.6%. However, with all five tenanted the yield is a potential 8.3% !!

The modernized studios comprise of a living area with separate bathroom. Each of the apartments has central heating and a fitted kitchen. Three of the apartments are being sold with the furniture. The four occupied apartments have had the same tenants since 2004.

Chemnitz, previously known as Karl-Marx-Stadt between 1953-1990, is located in the ‘Saxony Triangle’ which has a population of 3.5 million people. Chemnitz (population 245,000) is located 60km south-west of Dresden and 70 km south-east of Leipzig. The city is one of the most important East German cities in economy, culture and science. The city's economy is based on the service sector and manufacturing industry. The Chemnitz University of Technology with about 10,000 students is the centre of scientific life.

These apartments are available at the bargain price of 745 euros per m2 – what an investment package !!

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