| Type | Block of flats |
|---|---|
| Living area approx. | 4190 m² |
| Rooms | 187 |
|---|
| Plot area | 10083 m² |
|---|---|
| Usable floor area | 4190 m² |
| Purchase price | 2.650.000 € |
|---|---|
| Price per m² | 632.46 €/m² |
| Commission | 3,57% (3,57% Käuferprovision vom Kaufpreis inkl. gesetzl. MwSt.) |
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More financing calculators and assumptionsThe real estate portfolio offered here comprises four attractive apartment buildings constructed using solid masonry in the municipality of Burkhardtsdorf in the Erzgebirgskreis district. The municipality lies within the wider catchment area of the city of Chemnitz, whose center is reachable by car in just around 20 to 25 minutes. This proximity to the business center of Chemnitz combines the benefits of a quiet, natural residential setting with convenient access to a major Saxon city. With a total of 65 residential units and a total living area of approx. 4,190 m², this property package offers investors an attractive opportunity to invest in an extensive residential portfolio with existing rental income and additional development potential.
The four apartment buildings date from around 1900, around 1950, 1969, and 1977, and stand out for their varied building structures. The balanced mix of apartments is particularly attractive, appealing to different tenant groups. The offering ranges from compact 1-room apartments starting at approx. 37 m² to spacious 4-room family apartments with living areas of up to 110 m². Most of the apartments have private balconies, providing additional living comfort.
Another advantage is the generous outdoor areas, some of which are laid out like parks. The extensive green spaces offer residents attractive opportunities to use the gardens and create a pleasant residential environment. Two of the four properties also stand out for their particularly quiet location or their appealing setting with magnificent views of the surrounding landscape. In addition, the available open spaces offer interesting opportunities for further development and management of the parking spaces.
Particularly appealing to investors is the combination of already renovated properties generating ongoing rental income and two further apartment buildings with additional potential for appreciation. Two of the four buildings have already been renovated and provide a solid foundation for the existing rental income. The two other properties require renovation and offer investors the opportunity to further develop the portfolio sustainably through targeted modernization measures, energy-efficiency improvements, and gradual rent adjustments.
An additional advantage: None of the four apartment buildings is listed as a historic monument. This offers investors greater design flexibility for future modernization and renovation measures within the framework of applicable building regulations.
The property portfolio currently generates annual net cold rent of €207,235.44, with an average apartment rent of approx. €4.12/m². At a purchase price of €2,650,000 (approx. €632/m² of living space), this results in an attractive current gross rental yield of approx. 7.82%, corresponding to a purchase price factor of just 12.79 annual rents.
Through the gradual modernization of units in need of renovation, energy-efficiency improvements, and the targeted development and letting of existing parking potential, it appears possible to increase annual net cold rent to approx. €281,500. This corresponds to additional annual rental income potential of around €74,265, or a projected increase in returns of approx. 35.8%. The calculated average rent is approx. €5.60/m², including the parking income taken into account.
We would be happy to provide you with further property documents and are available for personal discussions and viewing appointments. We would also be pleased to support you in finding suitable financing for your investment through our network and experience.
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