House for sale • 760 m² without real estateChemnitz Kaßberg Sachsen 09112

Stylish multi-family house in a prime location with a very attractive overall package:

• Stable income through FULL OCCUPANCY and a solid tenant clientele

• Convincing financial performance: The current annual net rent is nearly €50,000, which corresponds to approximately a 7% net rental yield distributed over about 760 m² of living space, with additional potential for rent increases

• The building is divided by condominium ownership (WEG) – floor by floor – as follows:

  TE1 on the ground floor: contains 2 residential units

  TE2 on the 1st floor: contains 2 residential units (simple merging possible)

  TE3 on the 2nd floor: contains 2 residential units (simple merging possible)

  TE4 on the 3rd floor: contains 2 residential units (simple merging possible)

  TE5 in the attic: contains 1 residential unit as well as attic rooms with development reserve (simple merging or expansion possible)

  Additional development reserve in the roof peak (currently used as a laundry drying area)

• Future viability is ensured by a comprehensive renovation in 1996, during which the charm of the spacious apartments (floor plans and ceiling heights) was largely preserved, so that even today the building offers highly attractive sizes among its total of nine apartments (2-, 3-, and 4-room layouts). All apartments also feature daylight bathrooms and spacious, open-plan kitchens. One two-room apartment was completely and superbly modernized in 2022, featuring, among other things, the meticulous restoration of stucco elements, the original paneled doors, renewal of the plaster (breathable lime plaster + silicate paint), installation of a modern bathroom with a freestanding bathtub and shower, double sinks, a bidet, decorative tiles and stoneware flooring, high intermediate ceilings with spotlights along with floor-to-ceiling, triple-glazed French doors, designer radiators, and fitted kitchen furniture.

• Energy sustainability is provided through the existing connection to the municipal district heating network and a completely renewed hot water system scheduled for 2025. There is no long-term contractual binding with the energy supplier.

• Highly sought-after micro-location: The Kaßberg is one of the largest contiguous Gründerzeit neighborhoods in Germany and, with its charm, has always been the preferred choice for both longtime Chemnitz residents and newcomers. It is only a 5–10 minute walk from the city center and the castle lake. The property is also located in the quiet, exclusive inner area of the Kaßberg with all daily necessities in the immediate vicinity (bus, employers, pharmacy, parks, school, high school, shopping center, discount grocery stores, doctors/hospitals, fitness center, restaurants, bars, cafés, church, clubs, etc.). Public parking is available free of charge in the nearby public parking area.

• Compelling macro-location: Chemnitz is the third-largest city in Saxony as an upper regional center, with approximately 250,000 inhabitants. The independent city forms the economic and cultural heart of the Chemnitz-Zwickau region, with a catchment area of around 1.42 million people. The city enjoys a per capita purchasing power comparable to cities such as Berlin, Dresden, and Leipzig. The attractiveness of Chemnitz as an industrial and residential location has received a significant boost from its selection as European Capital of Culture 2025, accompanied by greatly increased recognition and substantial investments (approximately €90 million in EU, state, and federal funds, as well as countless additional private investments).

• Direct access and control through global ownership (asset or, if applicable, a share deal is possible) and a cost-efficient acquisition directly from the owner

• The building is not registered as a cultural monument according to § 2 of the Saxon Monument Protection Act (SächsDSchG). However, the property is located within the monument protection area Kaßberg as designated by the ordinance of 25.03.1991. Currently, however, the option to obtain monument status has been requested from the state monument authority.

The rental building is situated in a quiet area on a side street, right in the heart of the most populated part of the city – the beautiful Kaßberg.

Living here is attractive: architecture, greenery, and urban vitality create a vibrant neighborhood.

Elegant residential buildings with magnificent facades, beautiful villas, and parks characterize the Kaßberg, which has been declared a conservation area (Flächendenkmal) since 1991. Buildings in the historicist, Art Nouveau, and New Objectivity styles recall the legacy of the once prosperous, Europe-renowned industrial city.

About one hundred years later, after the post-war restoration, the district has once again become a magnet. Attractive living in a historic or modern home, excellent local amenities for daily needs, and a wide range of recreational opportunities attract a new clientele that revitalizes the area.

Cafés, bars, pubs, fast-food outlets, and excellent restaurants offer a solid basis for dining, experiences, and socializing. Clubs, a fitness center, a climbing gym, a nearby swimming pool, and a gondola station by the castle lake provide opportunities for sports and both active and passive cultural enjoyment.

Within a few hundred meters, you will also find kindergartens and various schools.

The city center is easily reachable on foot – via streets lined with front gardens and trees. In about fifteen minutes, you can reach the wooded slopes of the Kaßberg, down to the river that gives the city its name, and into downtown.

If you use public transportation, you can select a suitable line from more than a dozen available within a radius of half a kilometer. With your own vehicle, you can reach the A72 or A4 highways in just under five kilometers.

Short distances and a diverse range of offerings are the great advantages of central living with us – right in the heart of the Kaßberg!