House for sale • 360 m² without real estate, Saxony

Despite falling key interest rates, a relaxation of building loan rates is not foreseeable. Therefore, this offering provides a good opportunity to acquire property while generating higher income than before through tax savings. For sale is an attractive and well-maintained multi-family house in Zittau, which was comprehensively refurbished and renovated in 2007/2008. The property comprises four well-proportioned apartments with living areas ranging from approximately 45 m² to 116 m² – a total of around 365 m² of living space. In addition, the property includes a garden house built in solid construction, which is connected to electricity and currently serves as a workshop. There is also a bicycle room with floodlights and a motion sensor.

All residential units have been modernized between 2012 and 2023. In the process, either new laminate floors were installed or the high-quality, historic wooden floorboards were expertly restored and sealed three times to stylishly combine the original charm with contemporary living quality.

The house also impresses from a technical and energy perspective:

– Sustainable solar system for water heating

– Efficient gas condensing boiler

– Modern windows with triple glazing on the street side

– Energetically refurbished attic with high-quality windows

The house is fully rented and generates stable rental income. For owner-occupiers, there is the possibility to live in one apartment while benefiting from the rental income of the remaining three apartments.

Attractive even in the current high-interest phase:

The monthly rental income covers not only the interest and principal repayment but even provides an excess. This means the property largely finances itself, enabling a positive cash flow and ongoing asset growth – all without any additional financial burden.

This property is therefore ideally suited as an investment or as a multi-generational house with additional income. It offers buyers the chance to intelligently combine living and investing.

Highlights Overview:

• Approximately 365 m² of living space across four residential units

• Completely refurbished in 2007/2008, with ongoing modernizations

• Historic wooden floorboards & new flooring, modern equipped apartments

• Solar system, gas condensing technology, triple-glazed windows

• Long-term rented, stable income

• Positive coverage of interest & principal repayment

• Ideal as an investment or for partial owner-occupancy

A charming and profitable home – perfect for anyone who wants to cleverly combine living and wealth accumulation!

Location Description – Where Science, Quality of Life, and Nature Meet

Zittau – A Future-Oriented Scientific Hub

The multi-family house is located in a prime area of the town of Zittau, a dynamic university and research location in Upper Lusatia, right at the tri-border area of Germany, Poland, and the Czech Republic.

Opposite the property is House VI of the Hochschule Zittau/Görlitz (HSZG). The International University Institute (IHI) of the TU Dresden is also within walking distance. The academic environment is further enhanced by a Fraunhofer Institute, which has recently been extensively expanded. In the near future, a site of the German Aerospace Center (DLR) is also planned – a clear indicator of Zittau’s growing importance as a center for science and innovation.

Central and Peaceful – With a High Quality of Life

The area surrounding the house combines central accessibility with pleasant residential tranquility – ideal for students, commuters, families, or investors.

The spacious garden behind the house provides a quiet green retreat despite its proximity to the center.

The popular Olbersdorf Lake can be reached on foot in just a few minutes – while the Zittau Mountains, about a 15-minute drive away, invite hiking and relaxation.

A public transport stop is accessible in less than five minutes on foot, ensuring excellent connectivity within the city and beyond.

Shopping options, pharmacies, bakeries, and other everyday stores are located in the immediate vicinity and can be conveniently reached on foot.

A Location with Perspective

This location scores with permanently good rental prospects, high quality of life, and growing regional importance. It offers ideal conditions for investors as well as owner-occupiers who want to combine urban life, nature, and a scientific environment.

Property at a Glance

Property Type: Multi-family house

Total Living Space: Approximately 365 m²

Units: 4 residential units (between 45 m² and 116 m²)

Rental: Fully rented

Modernization: Apartments renovated between 2012 and 2023

Basement: Fully underground

Features & Technology

Heating: Gas condensing boiler (built in 2008, refurbished in 2023)

Hot Water: Solar assistance via roof collectors

Windows: Double glazing (2008/2009), triple glazing on the street side (2014)

Energy Efficiency: KfW measures package 2008 including facade insulation

Roof: Partially energetically refurbished, high-quality windows

Yield & Investment Potential

Stable Rental Income: Coverage of interest & principal repayment including a surplus

Positive cash flow possible – even in the current high-interest phase

Long-term asset growth through solid rental income

Potential for rental adjustments available

Suitability: Investment, multi-generational home, or partial owner-occupancy

Location Advantages

Opposite the Hochschule Zittau/Görlitz, within walking distance to the IHI and Fraunhofer Institute

Planned: Site of the DLR (German Aerospace Center)

Quiet, central location with a large garden

Public transport: Stop reachable in under 5 minutes on foot

Recreation: Olbersdorf Lake & Zittau Mountains in the immediate vicinity

Shopping: Easily accessible on foot

Private Sale – No Commission: The property is sold directly by the owner, so no commission fees are incurred. This saves you between 15,000 and 20,000 euros in broker fees.

No Forced Sale: This is not a forced or urgent sale. The decision to sell has been well-considered, and we also expect the same from potential buyers.

Serious Interest Desired: We welcome inquiries from interested parties with genuine purchase interest and realistic financing in place.

Willingness to Negotiate: The asking price is carefully calculated – informed, justifiable offers are welcome.

Viewing: Viewings take place by prior arrangement. Please provide us with some information about yourself and your financing plans beforehand.