House for sale • 362 m² without real estateGartenstr. 54, , Saxony

Property with existing structure, character, and potential.

Gartenstraße 54 in Falkenstein is a classic multi-family house built in 1900, comprising a total of 5 residential units and one commercial unit on the ground floor. Four of the six units are currently rented out. Two units are available for the new owner: one apartment on the first floor and the former sales area (bakery) on the ground floor.

This property combines ongoing rental income with a clear potential for further development.

• Current Rent: €1,170 net cold per month (€14,040 per annum) from 4 rented units

• Calculated Potential Rent at Full Occupancy: approx. €21,240 per annum

• Heating system completely renewed in 2022

• Attic combined and modernized in 2025 (rented)

• Purchase Price: €185,000 – approx. €512 per m² of living/usable space

• For the buyer: no broker’s commission

Breakdown of the units:

• Unit 01 – Ground floor, commercial (former bakery sales area): approx. 64.72 m², vacant, in need of renovation

• Unit 02 – First floor, right: approx. 49.03 m², rented

• Unit 03 – First floor, left: approx. 49.36 m², vacant, in need of renovation

• Unit 04 – Second floor, right: approx. 49.03 m², rented

• Unit 05 – Second floor, left: approx. 49.36 m², rented

• Unit 06/07 – Attic, combined: approx. 99.93 m², modernized and rented

The two available units:

Unit 03 (first floor) can be re-let shortly with only minor renovation work; the white-tiled bathroom is already in good condition.

Unit 01 (ground floor) is flexibly usable as an office, practice, studio or for other low-impact commercial purposes. A conversion into residential space would need to be examined under building regulations beforehand (official approval and conversion).

Yield Indicator (non-binding model calculation, excluding ancillary acquisition costs, financing, taxes, maintenance, and management costs):

• Current situation: €14,040 annual net cold rent = 7.59% gross yield (factor 13.2)

• Full occupancy scenario: €21,240 = 11.48% gross yield (factor 8.7)

The full occupancy scenario is a calculated figure and assumes that the vacant units are rented out following the buyer’s investment. This is neither investment advice nor a guarantee of future earnings.

Ideal for investors, hold-to-rent owners, and buyers with their own ideas for the two vacant units.

Ownership Structure:

The property is currently divided among three ownership corporations (condominium structure) and is being sold as a whole.

Falkenstein/Vogtl. is located in the Vogtlandkreis (Saxony) and has around 7,400 inhabitants (as of 31.12.2024). The town is part of the Mittelzentralen Städteverbund Göltzschtal.

Plauen and Reichenbach are approximately 22 km away each, and Zwickau approximately 33 km away. Falkenstein (Vogtl.) train station is served by Vogtlandbahn (lines RB 1 and RB 5). The travel time to Zwickau main station is about 40 minutes, and about 45 minutes to Plauen.

Local amenities include, among others, the primary school at Schloßfelsen, the secondary school, as well as doctor and dentist practices and a pharmacy. Gartenstraße 54 is located near the town center.

The ground floor is suitable for small-scale commercial or practice use; this depends on permits and the usage concept.

Building Condition and Renovation Status

Renewed Heating System (2022):

• Viessmann Vitocrossal 300 gas condensing boiler

• Vitocell 300-V storage tank with a capacity of 200 liters

• New exhaust system

• Chimney renovation

Note on the Energy Certificate: The consumption values stated in the energy certificate (data basis 2015–2017, energy efficiency class E) are attributable to the previous heating system and not to the newly installed gas condensing heating system in 2022. A new energy certificate has not yet been issued, as the existing certificate is valid until 03.09.2028.

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Modernized Attic (2025):

• Two attic units combined into one residential unit of approx. 99.93 m²

• Among other things, new flooring

• Rented

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Commercial Unit on the Ground Floor:

• Approximately 64.72 m², former bakery sales area

• Tiled floor, some of the shop fittings still present

• In need of renovation, use subject to concept and approval

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Building & Surroundings:

• Solid multi-family house, built in 1900, basic renovation in 1997 according to the energy certificate

• Representative clinker façade with sandstone elements

• Well-maintained staircase with historic front doors

• Rear green area, plot approx. 280 m² (parcel 241h, district of Falkenstein)

• Reserve fund as of 13.08.2026: €11,445.85

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Note on the Condition:

There is no confirmed information regarding the extent of the basic renovation from 1997 or the age and condition of the roof, windows, façade, electrical, and plumbing installations. We recommend scheduling a viewing with an expert.

Information on Purchase Inquiry / Viewing

To enable us to process inquiries promptly and fairly, please provide a few brief details in advance:

• Investment or owner-occupier (if applicable, your usage concept for the vacant units)

• Planned financing (equity / financing confirmation)

• Desired timeframe

All information will be treated confidentially. Upon request, we will provide you with the existing property documents and explain the rental situation as well as the development potential of the two vacant units.

Costs When Purchasing:

The buyer does not incur any broker’s commission. The costs for the notarization and land register entry are shared equally between the seller and the buyer, while the real estate transfer tax is borne by the buyer.

Legal Notice:

All information is based on the data and documents provided by the ownership corporations or third parties. No independent verification has been carried out by MehrwertPlus Immobilien; no guarantee is given for accuracy, completeness, or timeliness. Area details, representations, and visualizations (including AI visualizations of potential development opportunities) are for non-binding guidance only. Changes, errors, and prior sale remain reserved. This advertisement is non-binding, does not constitute an offer in accordance with § 145 BGB, and does not create contractual or pre-contractual obligations. Only the agreements in the notarized purchase contract are decisive. This limitation of liability does not apply in cases of intent or gross negligence as well as in the event of injury to life, body, or health.

MehrwertPlus Immobilien is acting on behalf of the seller. Representation and mandates will be verified during notarization.

MehrwertPlus Immobilien

Owner: Julia Martin

(Real Estate Agent operating independently in accordance with § 34c GewO)

Hirschfelder Str. 44

08107 Kirchberg

Phone: +49 151 68517851

Email: info(at)mehrwertplus-immo.de