House for sale • 640 m² without real estateleipzig Leutzsch Sachsen 04179
A 5-story, fully basements residential and commercial building from the Gründerzeit period. No historical monument protection. It features 8 apartments as well as a retail & office unit, with a total of 640 m² of living/usable space. Currently, 4 units are vacant. These vacancies allow for an immediate increase in the net cold rent.
A house project that was partially renovated from 1995 to 1997. There is further development potential in the attic. Large south-facing balconies are available after the initiated attic conversion is completed.
There are 8 apartments and 2 commercial units.
Currently, 5 units are rented.
The property boasts a beautiful inner courtyard on a plot measuring 300 m².
The plot can be expanded by an additional 400 m² (price negotiable).
All information is provided without guarantee.
Located in a moderate residential-commercial area not far from the Diakonissen Hospital, the Georg-Schwarz-Straße is the main thoroughfare in the Leutzsch district featuring numerous shops and service providers. Additionally, there is a tram connection, and a range of amenities such as doctor’s offices, a daycare center, a school, and a high school are all within walking distance.
Between 1995 and around 1997, extensive renovation and modernization measures were carried out. These included renewing the windows, facade plaster, floor structure, and building technology, as well as adding balconies on the courtyard side. In the process, an entire full floor was added with a new roof and roof structure. The attic is currently in an unfinished state.
The multi-family house is partially renovated and has potential as a house project/investment property.
It is being sold as a renovation project and is also of interest to developers.
Due to the vacancies, the current rental income is approximately €20,000 per year.
Potential income: 8 × 640 = €5,120 per month / €61,440 per year.
Broker inquiries are not desired! According to § 7 UWG, unsolicited contact by brokers without the explicit consent of the recipient is prohibited!
Broker inquiries are not desired! According to § 7 UWG, unsolicited contact by brokers without the explicit consent of the recipient is prohibited!
Property characteristics
| Listing ID | 915193 |
|---|---|
| Plot space | 300 m² |
| Total floors | 5 |
| Land | 640 m² |
|---|---|
| Age | Over 5050 years |
| Price per unit | €1,539 / m2 |
What does this listing have to offer?
| Terrace |
| Basement |
What you will find nearby
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