Commercial apartment building in Kothen, Germany, 4 500 m²

We are pleased to present an exceptional investment property package located in the tranquil town of Ballenstedt, Saxony-Anhalt. This residential complex, constructed in 1969, offers substantial potential for growth and development.

Property Details

• Total Living Area: Approximately 4,500 m²
• Number of Apartments: 84
• Building Configuration: Three residential buildings
• Apartment Sizes: Ranging from 40 m² to 72 m²

Investment Highlights

• Current Net Rental Income: €8,457 per month
• Occupancy Rate: Approximately 50% of apartments currently rented
• Potential for Increased Revenue: Significant opportunities to enhance rental income by leasing the remaining vacant apartments.

Apartment Features

• Each apartment includes:
  • A bathroom with a window
  • Private basement storage
  • A balcony for added comfort

Future Development Opportunities

• Modernization Potential: The complex can be upgraded to meet the needs of elderly residents, enhancing both its market value and appeal.
• Barrier-Free Housing Demand: Increasing demand for accessible living spaces can be met through thoughtful renovations.

Site Features

• Land Area: Approximately 12,000 m²
• Parking: Adequate parking spaces for residents
• Additional Structures: A former retail space with conversion potential
• Amenities: Three laundry drying areas and ample open space for further development.

Location & Community

About Ballenstedt

Ballenstedt is known as the "Cradle of Anhalt," historically linked to the princely House of Ascania. The town is a charming tourist destination, characterized by:

• Attractions: Ballenstedt Castle with surrounding park, historical town hall, and the Ballenstedt Museum.
• Infrastructure: All essential services (schools, shops, restaurants, medical facilities, childcare) are within walking distance or a short drive away.
• Transportation: Excellent connectivity via the A36 motorway and a comprehensive bus network, facilitating convenient travel and commuting.

Conclusion

This investment property package represents a unique opportunity to acquire a well-located residential complex with significant growth potential. Whether you are looking to expand your real estate portfolio or enter the property market, this offering is worth your consideration.

Contact Information

For further details or to schedule a viewing, please contact our experienced real estate agent from EXPERT IMMOBILIEN:

Phone: +49 173 / 4194304
Let us help you realize your vision of property investment!