The condominiums offered here are currently leased and offer a gross initial yield of up to 4.4%. The units were built in 1920 and underwent extensive renovation in 1996. In addition, the units have been continuously renovated and modernized whenever tenants have moved out. Attractive and stable rents can be achieved.

Further information and the exposé are available on request.

The apartments are located in an attractive area of Magdeburg, the capital of the state of Saxony-Anhalt. Situated on the Elbe River, the city combines historical significance with modern infrastructure and offers a high quality of life. Magdeburg boasts an exceptionally well-developed infrastructure. Shopping options, schools, daycare centers, and medical facilities are plentiful and easily accessible. The lively downtown area, with its diverse shops, dining options, and cultural institutions, invites you to linger. Landmarks such as Magdeburg Cathedral and the Green Citadel shape the cityscape and underscore the city’s unique character. Transportation connections are excellent: multiple tram and bus lines provide quick access to all city districts. Additionally, the main train station offers connections to regional and long-distance rail services. The nearby A2 and A14 highways ensure optimal national connectivity, including routes to Berlin, Hanover, and Leipzig.