House for sale • 286 m² without real estateLutherstraße 35, , Saxony

3 residential units are fully rented, while the small commercial unit is vacant following renovation. Currently, the net cold rent for the 3 apartments amounts to €17,377.00 per annum, and the achievable rental income including the commercial unit is approximately €20,377.00 per annum.

The building, which is not listed as a historical monument, is constructed of natural stone and rendered, and is partially basemented. The corner building, featuring Art Nouveau elements, has a bright, sunny garden. The entire property was comprehensively renovated over the past 10 years (electrical systems, plumbing, bathrooms, floors, interior plaster on all walls, and new doors). The facade and roof covering have been renewed. Since 2003, the house has been equipped with a gas central heating system using a Bosch condensing boiler. The flat/gable roof is covered with slate and bitumen. During the renovation, the top apartment’s roof side was additionally insulated.

The building features an intercom system and a keyed locking system for all exterior doors. All apartments have PVC insulated glazing windows. The main entrance is located on Lutherstraße, while a rear exit/entrance leads into the sunny garden. The commercial unit offers a step-free entrance on the street side and a separate entrance from the ground-floor staircase. Currently, a fireplace is in use in one apartment, and connections for fireplaces are available for two additional apartments.

The property has its own heating cellar and each tenant has a separate basement storage area. The attic is currently used as a communal laundry drying room but can be developed further since the necessary connections are already in place.

Reichenbach is a large district town in Saxony with approximately 20,000 inhabitants. Greiz, known as the jewel of the Vogtland, is located in Thuringia about 8 km away. The larger city of Zwickau is 25 km away; the state capital Dresden is approximately 134 km away; Plauen is 25 km away; and Gera is 45 km away.

Reichenbach is well connected via the A 72, B 94, and B 173 roads and has a train station (“Oberer Bahnhof Reichenbach”) that is reachable by bus in 20 minutes. The distance to Hof/Plauen Airport is approximately 18 km, to the airport near Halle/Leipzig about 140 km, and to the airport near Dresden around 135 km.

Within a 6- to 30-minute walk, several schools—including a secondary school and boarding school—as well as kindergartens can be reached. Numerous retail outlets for daily necessities, pharmacies, doctors, gas stations, electric vehicle charging stations, and a hardware store are available directly in Reichenbach. A swimming pool is in the immediate vicinity, and the district hospital is located in Greiz (about 8 km away).

Within the building, there are two 5-room apartments of 95 square meters each, featuring a bathtub and a separate shower room, as well as a spacious kitchen with fitted kitchens (e.g., ALNO) including appliances. In addition, there is a 4-room apartment with 96 square meters, also fitted with a bathtub and a separate shower room. All bathtubs are equipped with corner bathtubs and bathroom furniture (e.g., V&B). The commercial unit was completely renovated in 2023, including the installation of new PVC windows, and has a total area of 53 square meters including a separate WC.

In all apartments, the bathtubs have been newly installed and the shower rooms renovated. The apartments feature tiled, vinyl, and laminate flooring.