| Living area approx. | 911 m² |
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| Rooms | 33 |
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| Plot area | 550 m² |
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| Usable floor area | 1028 m² |
| Purchase price | 850.000 € |
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| Price per m² | 932.95 €/m² |
| Commission | 7,14% (7,14 % inkl. gesetzl. MwSt.) |
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More financing calculators and assumptionsBuilt in 1926, this residential and commercial building presents itself as a well-maintained property that has been continuously kept in good repair in Chemnitz-Hilbersdorf. With a total area of approx. 1,027.98 m², the building combines twelve residential units and two commercial units, offering a solid mix of residential and commercial use with long-term income potential.
The plot covers approx. 550 m². The property is arranged over a basement, ground floor, two upper floors and an attic floor. The total residential area is approx. 911 m², and the commercial area approx. 117 m². Most apartments have bathrooms with natural light, some with a shower and bathtub, others with a shower. There are balconies facing the courtyard, giving residents additional outdoor space among greenery. The floors are predominantly finished with laminate.
Extensive renovation and modernization work has been carried out in recent years. This includes, among other things, the installation of a new boiler, conversion of two attic apartments, installation of balconies facing the courtyard, laying laminate flooring in vacant apartments, and inspection and repair of the plumbing, heating and electrical systems. In addition, a fire door was installed in the basement, part of the stair railing was replaced, the stairwell was completely refurbished, and the façade was renovated. Smaller works, such as repairing the rainwater downpipes, installing exterior lights and repairing the doorbell system, were also carried out as part of the work.
All units are currently rented. Annual rental income of approx. 64,432,- € is generated. This corresponds to an attractive gross in-place yield of 7.58% p.a.! The property therefore offers stable cash flow from the time of acquisition and a solid starting point for long-term investors.
Thanks to its solid structural fabric, well-designed layout and well-maintained overall condition, this property offers reliable rental income and stable prospects for investors.
Investment Highlights:
- rented residential and commercial building
- 12 residential units and 2 commercial units
- Annual target rent: approx. 67,432,- €
- Gross target yield: approx. 7.93% p.a.
- approx. 1,028 m² of lettable area
- continuously modernized
- balconies facing the courtyard
- converted attic floor
- established residential location in Chemnitz-Hilbersdorf
- stable long-term rental potential
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