For sale by private owner: Multi-family building with 24 apartments, located in the town center of 02959 Schleife.

For sale is a multi-family building with 24 apartments, constructed with solid materials. The fully basemented property comprises four staircases, each with 6 apartments. The attic can be converted into additional living space. The basement rooms and attic are fully usable.

This multi-family building, with its robust and original structure, is ideal for renovation and modernization, allowing you to benefit from various funding programs (KfW, Sächsische Aufbaubank, etc.). In preparation for the renovation, two of the staircases have already been cleared for the start of the work. The remaining two staircases are almost fully occupied.
CURRENT rent: €14,088 (two staircases largely cleared for renovation)
PROJECTED rent after renovation: €133,554

Once the first two staircases are completed, tenants can be offered the option to move to the renovated staircases at significantly higher rental rates, allowing the renovated staircases to be immediately occupied and generate income.

Location Details:
Schleife is a very well-maintained, friendly, and attractive community. The apartment building is located within the community in an excellent location. Across from the apartment building, in a beautiful green area, is a street with almost everything needed for daily life: a savings bank, dentist, general practitioner, pharmacy, supermarket, bakery, hairdresser, drugstore, and nearby, a physiotherapy practice and a school.
The train station is 600 meters away.

Macro Location:
The property, located in Schleife, is ideally situated close to the towns of Weisswasser (8.5 km away), Spremberg (14 km away), and Cottbus (35 km away).