House for sale • 450 m² without real estate, Saxony

Are you looking for an investment that can still generate returns even if interest rates change? Do you desire a hassle‐free, income-generating building with reliable tenants and no renovation backlog? And all this preferably without any commission?

This listed multi-family building in a convenient location in Meißen-Triebischtal impresses with its beautiful clinker façade, carefully selected tenant clientele, and high yield. The building was completely renovated in the 1990s; then in 2022, 7 of the 8 apartments were completely renovated and newly let. In this process the entrance hall, cellar areas, façade, and courtyard were also refurbished or renewed.

The Facts:

• 8 fully occupied apartments with sizes ranging from 44–70 m² and one long-term let commercial unit

• Net operating income currently: €40,392 (Factor 15.3)

• Total area 520 m², of which 450 m² is residential (8 apartments) and 70 m² is commercial plus approximately 100 m² (ancillary building)

• Pleasant and friendly tenant clientele consisting of families, workers, and retirees

The Condition:

• New central gas heating for the entire building from 2024

• 7 of 8 residential units fully renovated before re-letting

• Renovated entrance hall

• New, modern doorbell system as well as a mailbox unit

• Courtyard developed into a lounge and BBQ area

• Very spacious rear garden (total plot size over 730 m²)

Welcome to Meißen – the cradle of the famous porcelain and a picturesque district town in the Free State of Saxony. Meißen impresses with its quiet yet central location, as it lies only 25 km northwest of Dresden. The town is located at the edge of the Elbe valley along the Elbe and its tributary, the Triebisch. Meißen has long been renowned for its upscale architecture, large villa plots, and very well-organized infrastructure. In addition to its proximity to Dresden, the town itself offers a wide range of recreational activities – whether it is hiking through the vineyards along the Saxon wineries or visiting the state-run porcelain manufactory HAUS MEISSEN.

The building is very conveniently located in the Triebischtal district, directly adjacent to the Kaufland shopping center (a 1-minute walk) and the "Triebischtal" train station (a 3-minute walk). It is therefore ideal for local tenants or commuters to Dresden (approximately a 40-minute train ride). The famous porcelain manufactory is located on the same street (about 700 m away). At a similar distance, the luxury residential ensemble "Rauhentalstr" by Corte Harmjanz is under construction, which will further boost the entire district.

Infrastructure:

Pharmacy, discount grocery store, general practitioner, kindergarten, primary school, secondary school, high school, comprehensive school, public transportation.

7 of the 8 apartments have been renovated to a high standard (new floors/walls, upgraded bathrooms), the remaining 2 at a basic level. Utility installations and outbuildings are well maintained and are overseen by the on-site caretaker.

The property is under monument protection. An energy certificate is not required in accordance with EnEV 2014 §16 (5).

Flooring:

Laminate

Additional Features:

Garden, full bathroom

Other:

All relevant documents can be made available via cloud on request.

All information is provided to the best of our knowledge, without guarantee.

FURTHER INSPECTIONS ONLY WITH IDENTIFICATION

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