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Meissen

Location: Meissen, Germany
Price: €867,000
Rental Yield:
Mortgage included: Yes
Units: 15
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Buy to let - 15 fully rented apartments in two blocks yielding 6.5%

Portfolio consists of two buildings, located across each other in the center of Meissen. They are located in the old town, close to many historical sights and right next to the Elbe river, offering tenants to enjoy beautiful views. Both buildings have convenient parking option for tenants and 24/7 gas station across the street makes it a convenient option for re-fuel or late-night shopping. The bus station, connecting to various parts of town is located across the street. Both Properties are in a good condition, Leipziger Strasse was renovated in 2000 and Fischergasse in 2015. Majority of apartments are well maintained and will need refurbishment only if gets vacant. The buildings also have a spacious backyard for BBQ’s and storage space for bikes and laundry in the basement which makes it even more attractive for families.

Key Investment Features

  • Central location, demanded by tenants
  • Average price per apartment €57,754
  • Buildings in good condition
  • Average rent €4,86/sqm with a potential for an increase
  • Steady rental yield of 6.5%
  • Possibility to rent out parking spaces
  • Leverage possible