House for sale • 1426 m² without real estate, Saxony

Here is the translation:

A multi-family house with 24 residential units in solid construction is offered here. The fully basemented property comprises four entrances, each with 6 residential units. The attic can be converted into additional living space. The basement rooms and attic are fully usable.

For sale is a multi-family house which, in its unaltered building fabric, is virtually indestructible. This makes it ideal for renovation to your own design using several appropriate subsidy programs (KfW, Sächsische Aufbaubank, etc.). In preparation for the renovation, two of the building’s entrances have already been vacated for the start of renovations. The remaining two entrances are almost completely rented.

After the completion of the first two entrances, tenants can be offered a move to the renovated apartments at correspondingly higher rents, so that the renovated entrances become occupied immediately and generate rental income.

Micro-location:

Schleife is a very orderly, friendly, and charming community. The multi-family house is located in the best part of the municipality. Opposite the property, in a beautiful green setting, is a street that offers nearly everything one needs for daily life: a savings bank, a dentist, a general practitioner, a pharmacy, a supermarket, a bakery, a hairdresser, a drugstore, and in the immediate vicinity, a physiotherapy practice and a school.

It is 600 meters to the train station.

Macro-location:

The property is ideally situated in Schleife, in close proximity to the town of Weisswasser (8.5 km away), Spremberg (14 km away), and Cottbus (35 km away).

The property is in need of renovation. As there have been no interim renovations apart from the windows, it can be completely redesigned according to your own ideas.

The initial tenants are already secured, as the current tenants are very reliable and have signed agreements that they can move into the renovated apartments at higher rents.

There are already renovation concepts with KfW participation available, which can be adopted upon purchase based on mutual agreement.