Listed multi-family house with 8 vacant residential units, garden and outbuildings – investment opportunity in Schlosschemnitz

Key facts

Purchase price & costs

About this house

Property no.: 1073203

This listed multi-family building dating from around 1900 is located in Chemnitz-Schloßchemnitz. The historic rendered façade and the decorative window surrounds define the character of the period building. Across approx. 572 m² of living space are 8 residential units with 2 to 4 rooms and, in some cases, potential to expand to 5 rooms. Many rooms, especially the bedrooms, face the quiet inner courtyard.

The currently vacant property offers capital investors and investors development potential through the completion of the apartments and subsequent re-letting. After full completion and successful letting, a potential annual net cold rent of at least €45,000 is stated.

The ground-floor apartment is fitted out and ready for occupancy and offers direct access to the garden. The converted attic apartment is also available for immediate occupancy. Existing furniture can remain upon request. The remaining apartments are still partly in shell condition and offer scope for further development. In the roof area, attic storage compartments as well as access to the attic are available.

The roof was comprehensively renovated in 2021 with Finnish shingles. In the same year, the roof dormer was restored, including work on the natural stone areas. Further measures include the refurbishment of all attic doors and some of the apartment doors in 2017, as well as the restoration and refurbishment of the staircase with porphyry in 2013.

The heat supply is provided by gas. In the basement there is a Junkers heating system with 36 kW from the year of construction 1997. For the ground-floor apartment and the apartment on the right on the 2nd floor, a Junkers storey heating system of 11 kW each is used. According to the information available, a district heating connection is possible from 2032 to 2035.

The property includes a large communal garden, two garages and an outbuilding. Additional parking spaces in the inner courtyard may be feasible, subject to the necessary permits.

Modernizations and further features
- 2021: Comprehensive roof renovation with Finnish shingles
- 2021: Restoration of the roof dormer, including repair of the natural stone areas
- 2017: Refurbishment of all attic doors and some of the apartment doors
- 2013: Restoration and refurbishment of the staircase with porphyry
- Heating: gas supply; Junkers heating system in the basement, year of construction 1997, with 36 kW as well as storey heating systems of 11 kW each for the ground-floor unit and the unit on the right on the 2nd floor
- District heating: connection option according to the available information from 2032 to 2035
- Attic floor: floor compartments as a storage room and access to the attic
- Outdoor area: large communal garden, two garages and outbuildings
- Parking spaces: potential in the inner courtyard, subject to the required permits
- Listed building protection: cultural monument; the relevant documents are available
- Fiber optic is available

Due to listed building protection, no energy performance certificate is required.

Location