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18th Century Barn Conversion with 4 apartments
- Total area320 m²
- Land area840 m²
- Bedrooms10
- Bathrooms4
Renovated, rented 4-family house in Germany.
This property is located near the Zschopau river, in Ringethal, a sought after location for holidays in Saxony, near the town of Mittweida and all the necessary amenities. The house is located in the centre of the village, near the church, kindergarten and bus-stop.
Although not in a large urban centre, this is a very desirable location and all the 4 apartments have been always occupied.
The house was totally renovated in 2019. The renovation works included a new ecological sewage treatment system, 3 new bathrooms, 2 new kitchens, all the pipes, completely new electricity installation, new water heaters, new central heating, new roof, drainage, and basically everything else.
The house is a stone building from 1742, originally a barn, part of the Schloss Ringethal estate. It was later converted to accommodate 4 apartments.
There is an open space area for storage and the central heating boiler in the basement. On the ground floor there is a 2 bed and a 3 bed apartment. On the first floor there is also a 2 bed and a 3 bed apartment and there is also a large attic for storage.
In total the house has 320 sqmt of living area and the land has 840 sqmt.
Three of the apartments have a private garden. There is private parking for 4 cars and an outbuilding with further private storage rooms and a garage.
At the moment the 4 apartments are rented for 22,589 Euro per year, which represents a nice 5% gross rental yield. Rents are reviewed every year according to inflation.
In the next months 2 of the apartments will be vacant. The owner can rent them again or use them himself.
Apart from some tlc the house doesn’t need any major works in the foreseeable future.
There are local property management companies that, for a reasonable fee, will take care of all aspects related to renting and maintaining the property. For more information, please don´t hesitate to contact us.
If this property wasn’t for you, take a look at other houses for sale in Germany.
You can see more houses for sale in Mittweida elsewhere on our website.