House for sale • 640 m² without real estateLeipzig Leutzsch Sachsen 04179

5-story residential and commercial building from the Gründerzeit period, fully basemented. No heritage protection. It comprises 8 apartments as well as one retail & office unit, totaling 640 m² of living/usable space. Currently, 4 units are vacant. Vacant apartments allow for a direct increase in the net cold rent.

House project. Partly renovated between 1995 and 1997. There is an option to convert the attic. Large south-facing balconies exist after the initiated attic conversion is completed.

8 apartments and 2 commercial units are available, with 5 currently rented.

There is a beautiful inner courtyard. The plot size is 300 m², which can be expanded by an additional 400 m² (price negotiable).

All information is provided without guarantee.

The property is located in a moderate residential-commercial area not far from the Diakonissen Hospital. Georg-Schwarz-Straße is the main thoroughfare in the Leutzsch district, lined with numerous shops and service providers, and it offers a tram connection. Additionally, doctors’ offices, a kindergarten, a school, and a high school are all within walking distance.

Between 1995 and around 1997, extensive renovation and modernization measures were carried out. These included, among other things, renewed windows, facade plaster, floor structure, and building technical installations, as well as the addition of balconies on the courtyard side. At the same time, a complete full story was added with a new roof and roof truss. The attic is currently in shell condition.

The multi-family house is partly renovated and offers potential as a house project or investment property. It is being sold as a renovation project, which may also be of interest to developers.