Are you looking for an investment that can generate income even in a changing interest rate environment? Do you desire a hassle-free income property with reliable tenants and no backlog of renovations? And ideally, all of this commission-free?

This listed multi-family house in a conveniently located area of Meißen-Triebischtal impresses with its beautiful clinker facade, exclusive tenant clientele, and high yield. The building was comprehensively renovated in the 1990s, and then in 2022, 7 of its 8 apartments were completely refurbished and newly let. In this process, the staircase, basement areas, facade, and courtyard were also renovated or upgraded.

The facts:

• 8 fully let apartments (44–70 sqm) and one long-term leased commercial unit

• Actual net operating income (JNKM) is €38,330 (Factor 16.8)

• Total area 520 sqm, comprising 450 sqm of living area (8 units) and 70 sqm of commercial space plus approximately 100 sqm (ancillary building)

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

The condition:

• New central gas heating system for the entire building from 2024 (except for the commercial unit)

• 7 of 8 residential units completely renovated before new leasing

• Renovated staircase

• New, modern doorbell system and mailbox unit

• Conversion of the courtyard into a lounge and BBQ area

• Very spacious rear garden (total property area over 700 sqm)

Welcome to Meißen – the cradle of famous porcelain and a picturesque county town in the Free State of Saxony. Meißen impresses with its quiet yet central location, being only 25 km northwest of Dresden. Moreover, the town lies at the exit of the Elbtalkessel along the Elbe and its tributary, the Triebisch. Meißen has long been renowned for its upscale architecture, large villa plots, and well-organized infrastructure. In addition to its proximity to Dresden, the town itself offers a wide range of leisure activities – whether hiking through the vineyards along Saxon wineries or visiting the state porcelain manufacturer HAUS MEISSEN.

The building is very conveniently located in the Triebischtal district, within walking distance to the Kaufland shopping center (1 minute by foot) and the “Triebischtal” train station (3 minutes on foot). It is therefore ideal for local tenants as well as for commuters to Dresden (approximately 40-minute train ride). The famous porcelain manufacturer is located on the same street (approximately 700 m away). At a similar distance, the luxury residential complex "Rauhentalstr" by Corte Harmjanz is being developed, which will further boost the entire neighborhood.

Infrastructure:

Pharmacy, discount grocery store, general practitioner, kindergarten, primary school, secondary school, intermediate school, high school, comprehensive school, public transport

Seven of the eight apartments have been renovated to a high standard (new floors, walls, updated bathrooms), while the remaining two are finished on a basic level. The communal facilities and outbuildings are well maintained and are managed by an in-house caretaker.

The property is under monument protection. An energy certificate is not required according to EnEV 2014 §16 Abs. 5.

Flooring:

Laminate

Additional features:

Garden, full bathroom

Miscellaneous:

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

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