House in Altenburg, Germany, 450 m²

For sale a building in need of renovation, located in a very nice area of Altenburg.
The facility includes 7 residential apartments with a total area of about 450 m2.
The land area is approximately 500 m2.
It is possible to arrange parking spaces in the courtyard from the rear of the plot.
The building is currently empty.
When fully rented out, the expected annual rental income will be about 30,000 € (excluding utility bills).
The facility is in a condition that requires major repairs.
The optimal location in the city center ensures a quick and hassle-free re-rental.
Altenburg is the administrative center of the Altenburger Land district and is located almost in the center of the triangle of cities of Leipzig- Chemnitz - Gera. The territory belongs to the last spurs of the foothills of the Ore Mountains, which pass north of the city into the Leipzig lowland.
The city is more than 1000 years old. Altenburg, known as the "city of skata", has about 34,500 inhabitants and is located in eastern Thuringia, about 39 km south of Leipzig.
The federal highway B180 passes through Altenburg. Federal roads B7 and B93 run south-east of the city and relieve the center of transit traffic. These roads serve as access roads to motorways. The A4 motorway is located about 20 km to the south. There are daily direct bus connections to Leipzig.
The city, known as the birthplace of the skat game, has become world famous for the production of playing cards, which continues here today. The former residence city also offers a castle perched on a cliff above the city, numerous parks and a large urban pond.
Shops for everyday shopping, as well as public transport stops are within walking distance.