2 attractive apartment buildings, energy-efficiently renovated – heat pump – as an investment package – in the silver city of Freiberg

Key facts

Purchase price & costs

About this house

This special investment package consists of two apartment buildings constructed as a semi-detached building. Both buildings have a shared garden at the rear for relaxing, recharging and drying laundry. The garden provides direct access to the adjacent district park "Hinter der Stockmühle".

Both buildings contain a total of 10 apartments. There are six 4-room apartments, two 1.5-room apartments and two 1-room apartments. All residential units are rented.

In 1985, all apartments, the roof and the hallways underwent extensive basic renovation.
From 1995 onward, the windows were replaced with soundproof and insulating glazing, the roof was re-covered with bitumen shingles (Dammstr. 3 in 2006 and Dammstr. 5 in 2015), and gas-fired individual apartment heating systems were installed.
In 2010, the residential buildings underwent extensive energy-efficiency renovations (renovation history available). This renovation was supervised and monitored by a local architect. The façade was completely renewed and thermally insulated. In the course of this work, the top and bottom floor ceilings (including dormer walls) were insulated.
The rear of the building (facing the garden) was opened down to the foundation walls and dried out, so that the basement rooms are dry.
Both energy performance certificates (consumption-based) provide corresponding information and proof. Some bathrooms were completely renovated and fitted with modern tiles, towel radiators and sanitary facilities.
In 2023/2024, one 4-room apartment and one 1.5-room apartment were renovated (including replacement of the electrical system).
The heating and hot-water demand is covered at Dammstr. 3 by a newly installed heat pump and at Dammstr. 5 by gas-fired individual apartment heating systems.

Each apartment has a storage room on the half landing of the staircase. The unused attics offer the possibility of drying laundry, which is very popular with the tenants of both buildings. In addition, each apartment has a basement storage compartment.

To further enhance the tenants' quality of living, it would be conceivable to install a balcony structure at the rear of the buildings, offering a wonderful view over Freiberg.

The current net cold-rent income when both buildings are fully rented is approximately 47,290 euros.

2 parking spaces are located directly next to the building, from where the buildings can also be accessed via the rear entrance from the courtyard (entrance to the district parkBehind the Stock Mill). Access for bicycles is secured via the garden at the rear of both houses and could, if required, be further optimized with a bicycle shed.

The property is fully serviced with electricity, water, sewage, gas, telecommunications and cable TV. Dammstraße is currently undergoing extensive renovation, during which all utility connections to the houses will be renewed. This is a combined construction project, meaning that not only the road surface but also utility and drinking-water lines as well as supply and drainage channels will be renewed. Gas and electricity lines will also be newly installed.
The traffic area is to be restructured and thus enhanced in urban-planning terms. As already implemented on Humboldtstraße, alternating longitudinal parking strips are planned along the entire length. The strips will be planted, including with trees, thereby making a further contribution to greening the district.

Location