House for sale • 504 m² without real estateChemnitz Altchemnitz Sachsen 09120
Chemnitz Altchemnitz Sachsen 09120Public transport 2 minutes of walking • ParkingPrice€480,000
Translated with the help of AI
MFH with 3 residential units as a three-story apartment (each 120 m² across 3 floors) fully rented, plus a separate commercial unit.
All apartments have modern layouts, have been well renovated, and are well suited for rental to families with children.
In the courtyard area, there is an additional 144 m² commercial unit for quiet trade. This is a single-story building, which is also rented out. Thus, the total rented area amounts to 504 m².
Built in 1912, it underwent a complete renovation in 2016 with upscale features, and in 2025 a brand new heating system was installed by a professional, with 4 years of warranty remaining on the condensing boiler (2 years standard plus an additional 3-year guarantee from Vaillant).
A certificate of separability (Abgeschlossenheitsbescheinigung) is available for this property, meaning that four separate units could be legally established by dividing the property.
Current annual rental income is €35,000 net – plus an additional €2,500 could be generated in a short time (garages).
The sale is conducted privately without a broker. Thus, the selling price is only €952 per m² of residential and commercial rented area.
A full one-year rental guarantee at the current rental income level can be provided.
Curious? Then just get in touch with me.
The property is located in Chemnitz (the third-largest city in Saxony), centrally situated and only 5 km from the city center. All daily necessities from A to Z are available in the immediate vicinity.
A tram stop can be reached within 2 minutes on foot.
Each unit features underfloor heating throughout with designer vinyl flooring, tiled bathrooms with an additional towel radiator. The bathrooms are equipped with walk-in showers and bathtubs. Each residential unit comes with a balcony and a basement storage space. Additionally, there are a laundry and dryer room, a clothes drying room, a bicycle room, and a basement WC with a urinal and washbasin available for communal use.
Gross yield: 7.29%
Calculation formula: Annual net rent ÷ Purchase price (excluding ancillary purchase costs) × 100
€35,000 ÷ €480,000.00 × 100
The sale is conducted privately without a broker.
Net yield: 5.65%
Calculation formula: (Annual net rent – non-allocable operating costs) ÷ (Purchase price + ancillary costs) × 100
€35,000.00 – €6,000.00 ÷ (€480,000.00 + €32,860.00) × 100
Property characteristics
| Age | Over 5050 years |
|---|---|
| Listing ID | 1028420 |
| Land space | 690 m² |
| Price per unit | €952.38 / m2 |
| Condition | After reconstruction |
|---|---|
| Usable area | 504 m² |
| Total floors | 3 |
What does this listing have to offer?
| Balcony | |
| Parking |
| Basement | |
| MHD 2 minutes on foot |
What you will find nearby
Public transportScheffelstraße
🚶 176 m (2 mins)
Post officeDeutsche Post Filiale 680
🚘 1,996 m (5 mins)
ShopBäckerei-Konditorei Luckner
🚶 451 m (5 mins)
BankSparkasse
🚘 981 m (2 mins)
RestaurantParkgaststätte Rosarium
🚘 803 m (2 mins)
PharmacyAnna Apotheke im ACC
🚘 1,961 m (5 mins)
School
🚶 462 m (6 mins)
Kindergarden
🚘 1,404 m (3 mins)
Sports fieldFeel Good Club
🚘 1,206 m (3 mins)
Playground
🚶 522 m (6 mins)
How far to…:
Price€480,000
Still looking for the right one?
Set up a watchdog. You will receive a summary of your customized offers 1 time a day by email. With the Premium profile, you have 5 watchdogs at your fingertips and when something comes up, they notify you immediately.