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Investment property in Halberstadt: Multi-family building with 8 units, new heating system and new utility connections – no commission fees.
38820 Halberstadt – Sachsen-AnhaltMULTI-FAMILY HOUSE WITH 8 APARTMENTS – RECENTLY INVESTED, FULLY RENTED, NO COMMISSION
Well-maintained multi-family building from the Gründerzeit era, located in a central area of Halberstadt: eight apartments with approximately 430 m² of living space, fully rented, with some units under indexed rental agreements. Major technical upgrades have just been completed – you are acquiring a building where the owner has recently invested, rather than one with deferred maintenance. RECENTLY INVESTED (OCTOBER/NOVEMBER 2026)
• Heating system completely renewed (completion in October 2026)
• New electrical connection to the building
• New meter cupboard
KEY FEATURES OF THE PROPERTY
• Multi-family building, built in 1903, extensively modernized since 2010
• 8 apartments, approximately 430 m² of living space, approximately 401 m² of land
• Additional approximately 100 m² of storage and expansion space (currently unused)
• Gas central heating with central hot water supply – new system
• Energy efficiency class C – significantly above average for this building age
• All apartments are rented
INCOME
• Current net cold rent: €32,040 per year (approximately €2,670 per month)
• Projected net cold rent: approximately €39,650 per year - Approximately 24% potential for improvement without structural modifications.
• Current gross yield: 7.14% · Target: 8.83%
• Price-to-rent ratio: Current 14.0x · Target: 11.3x
• Non-deductible costs: approximately €7,045 per year (including a commercially calculated maintenance reserve).
PURCHASE DETAILS
• Asking price: €449,000 (negotiable)
• No commission – Direct offer from the owner.
• Sale only as a complete property, handover by agreement.
DOCUMENTS AND VIEWINGS
After contacting us, you will receive a rental statement, energy certificate, land registry extract, floor plan, property valuation, and documentation of recent investments (heating system, utility connections, meter cupboard). Viewings are by appointment only – please refrain from contacting tenants directly.
ImmoBund GmbH & Co. KG · Contact person: Axel Wohlsein – Please contact us through this portal.
All information is based on information provided by the owner. Subject to prior sale.
Are you interested in this offer?
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Object Number
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OM-497651
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Object Class
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Apartment building or investment property
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Object Type
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Apartment building
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Handover from
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By arrangement
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Purchase price & additional costs
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purchase price
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449.000 €
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Purchase additional costs
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approx. 28,547 €
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Total costs
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approx. 477,546 €
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Price per m²
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1,044.00 €
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Non-allocatable operating costs p.a.
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7,045 €
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Breakdown of Costs
* Costs for notary and land register were calculated based on the fee schedule for notaries. Assumed was the notarization of the purchase at the stated purchase price and a land charge in the amount of 80% of the purchase price. Further costs may be incurred due to activities such as land charge cancellation, notary escrow account, etc. Details of notary and land registry costs
Does this property fit my budget?
Estimated monthly rate: 1,826€
More accuracy in a few seconds:
By providing some basic information, the estimated monthly rate is calculated individually for you. For this and for all other real estate offers on ohne-makler.net
Details
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Condition
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Well-kept
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Year of last modernization
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2026
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Number of floors
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4
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Total area
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530 m²
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Other areas
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100 m²
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Net rental income (target) p.a.
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39648 €
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Net rental income (actual) p.a.
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32040 €
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X-times rental income
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14.00
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Number of units
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8
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Flooring
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Laminate, Tiles, Other (see text)
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Heating
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Central heating
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Year of construction
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1903
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Equipment
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Garden, Basement, Fitted kitchen
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Infrastructure
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Pharmacy, Grocery discount, General practitioner, Kindergarten, Primary school, Secondary school, Middle school, High school, Comprehensive school, Public transport
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Information on equipment
• NEW: Heating system completely renewed in October 2026 – gas-powered central heating system with central hot water supply for the entire building.
• NEW: Electrical connection and meter cupboard renewed (October/November 2026).
• Solid multi-family building, built in 1903, comprehensively modernized starting in 2010.
• Six built-in kitchens are owned by the seller and will be included in the sale at no extra cost.
• One unit has a kitchen included, and one unit is used as a large apartment without a built-in kitchen.
• Energy efficiency class C for a building of this age – a significantly above-average value for this construction period.
• Approximately 100 m² of storage and ancillary space, currently unused.
Location
Halberstadt is the district town of the Harz district, with approximately 40,000 residents, and serves as a regional center. The city has a complete infrastructure, including schools, a hospital, retail outlets, and a railway station; Magdeburg is within a 50 km radius.
The property is located in a central, established residential area with a stable demand for rentals.
We will provide the exact address to interested buyers upon request.
Location Check
Energy
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Final energy consumption
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83.20 kWh/(m²a)
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Energy efficiency class
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C
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Energy certificate type
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Consumption certificate
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Main energy source
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Gas
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Miscellaneous
VALUE ENHANCEMENT POTENTIAL
The potential for increased revenue is entirely within the existing property:
1. Existing Leases – The Largest Single Opportunity
One unit is currently tied to a long-term lease agreement that is significantly below market rates. When the tenant moves out, the rent can be immediately adjusted to the market rate for that location.
2. Escalating Rents with Fixed Increases
For two units, a rent increase is already contractually agreed upon and will automatically take effect on July 1, 2027. Furthermore, there is additional potential for increases.
3. Unused Storage and Expansion Space
Approximately 100 m² is currently vacant and generates no income. This space is suitable for renting out as storage, a workshop, or for small business use, and can be immediately put into use.
4. Index-Linked Rental Agreements
A portion of the existing rental agreements are linked to the consumer price index, which automatically adjusts the rent accordingly.
PURCHASE DETAILS
* Asking Price: €449,000 (negotiable)
* No Commission – Direct offer from the owner, no intermediary agent involved.
* Acquisition Method: Asset Deal (purchase of the property)
* Sale exclusively as a single property; division into apartments is not planned.
* Transfer of ownership to be agreed upon.
DOCUMENTS (Not translated, as it refers to a list of documents)
UNTERLAGEN Once you express interest, we will provide you with the complete property documentation, including: a detailed rental statement, energy performance certificate, land registry extract and floor plan, property valuation, property photos and floor plans, and documentation of the most recent maintenance work. Additional interior photos will be provided shortly. Viewings are possible by appointment. Out of consideration for the current tenants, we kindly request that you refrain from contacting them directly or visiting the property without prior arrangement.
Broker inquiries not welcome!
Send a message directly to the seller
Questions about the object? Show interest or arrange a viewing appointment?
Click here to send a message to the provider:
Offer from: Axel Wohlsein
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