| Type | Block of flats |
|---|---|
| Living area approx. | 483 m² |
| Bedrooms | 13 |
| Rooms | 19 |
|---|---|
| Bathrooms | 13 |
| Plot area | 310 m² |
|---|---|
| Usable floor area | 483 m² |
| Purchase price | 329.000 € |
|---|---|
| Price per m² | 681.16 €/m² |
| Commission | 0 |
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More financing calculators and assumptionsProperty no.: 1067110
This charming apartment building, built in 1919, is located in the sought-after Kaßberg area of Chemnitz and represents an extremely interesting opportunity for both investors and owner-occupiers. A total of 13 residential units are distributed across a plot of approximately 310 m², with apartment sizes ranging from approximately 26 m² to 45 m², making the property particularly suitable for renting to students or singles.
Currently, only 4 units are rented, resulting in current annual net cold rent of approximately €8,268.48. The majority of the vacancies were deliberately created by the owner, giving the buyer the opportunity to reposition and rent out the property according to their own ideas. With full occupancy, annual net cold rent of around €30,000 is realistic, representing considerable potential for appreciation and returns.
Overall, the building is in a well-maintained condition, although two residential units require renovation. This offers additional scope for targeted improvements and sustainable rent adjustments.
The micro-location in the popular Kaßberg district impresses with its established infrastructure, high demand for compact housing, and very good connections to public transport and the city center. This location is particularly ideal for student housing and ensures stable rental prospects as well as long-term potential.
Overall, this is a versatile property with a clear focus on value appreciation, representing an attractive investment through both active rental management and targeted modernization. At the same time, owner-occupiers have the opportunity to occupy individual units themselves and rent out the remaining apartments to help finance the property.
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