House for sale • 360 m² without real estate, Saxony

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Despite falling key interest rates, a relaxation of construction loan rates is not in sight. Therefore, this offer presents a great opportunity to acquire property while simultaneously generating more income than before through tax savings. For sale is an attractive and well-maintained multi-family house in Zittau that was comprehensively renovated and refurbished in 2007/2008. The property comprises four well-designed apartments with living areas ranging from approximately 45 m² to 116 m² – totaling around 365 m² of living space. Additionally, the grounds feature a garden house built in solid construction, which is connected to electricity and currently serves as a workshop. There is also a bicycle storage room with floodlights and a motion sensor.

All residential units have been modernized between 2012 and 2023. During these updates, either new laminate floors were installed or the high-quality, historic wooden planks were professionally restored and triple-sealed to stylishly combine the original charm with modern living quality.

The house also impresses technologically and in terms of energy efficiency:

- Sustainable solar system for hot water preparation

- Efficient condensing gas boiler

- Modern windows with triple glazing facing the street

- Energetically refurbished attic with high-quality windows

The house is fully rented and generates stable rental income. For owner-occupiers, there is the possibility to live in one of the apartments while benefiting from the rental income of the other three units.

Attractive even in the current high-interest phase:

The monthly rental income not only covers the interest and repayments but even leaves a surplus. This means that the property largely finances itself, allows for a positive cash flow, and thereby results in ongoing asset growth – all without additional financial burden.

This property is therefore ideally suited as an investment or as a multi-generation home with additional revenue. It offers buyers the chance to intelligently combine living and investing.

Highlights at a glance:

• Approx. 365 m² of living space across four units

• Completely renovated in 2007/2008 and continuously modernized

• Historic wooden planks & new floors, modernly equipped apartments

• Solar system, condensing gas technology, triple-glazed windows

• Long-term rented, stable income

• Positive surplus covering interest & repayments

• Ideal as an investment or for partial owner-occupancy

A charming and profitable home – perfect for anyone who wants to smartly combine living and building wealth!

Location Description – Combining Science, Quality of Life, and Nature

Zittau – A Future-Oriented Science Location

The multi-family house is located in a prime area of the city of Zittau, a dynamic university and research location in Upper Lusatia, right in the tri-border region of Germany, Poland, and the Czech Republic.

Opposite the property is House VI of the Zittau/Görlitz University of Applied Sciences (HSZG). The International University Institute (IHI) of TU Dresden is also within walking distance. The academic environment is further enhanced by a Fraunhofer Institute, which has recently been extensively expanded. In the near future, a site of the German Aerospace Center (DLR) is also planned – a clear indication of Zittau’s growing importance as a science and innovation location.

Central and Quiet – With a High Quality of Life

The surroundings of the house combine central accessibility with peaceful residential quiet – ideal for students, commuters, families, or investors.

The spacious garden behind the house offers a serene green retreat despite its proximity to the center.

The popular Olbersdorf Lake is reachable on foot in just a few minutes – and the Zittau Mountains invite you to hike and relax about a 15-minute drive away.

A public transportation stop is available in less than five minutes on foot, ensuring excellent connections within the city and beyond.

Shopping opportunities, pharmacies, bakeries, and other everyday shops are located in the immediate vicinity and can be easily reached on foot.

A Location with Prospects

This location scores with permanently good rental potential, high quality of life, and growing regional significance. It offers ideal conditions for investors as well as for owner-occupiers who wish to combine urban living, nature, and a scientific environment.

Property at a Glance

Property type: Multi-family house

Total living area: approximately 365 m²

Units: 4 apartments (between 45 m² and 116 m²)

Rental status: Fully rented

Modernization: Apartments renovated between 2012 and 2023

Basement: Fully basemented

Features & Technology

Heating: Condensing gas boiler (built in 2008, overhauled in 2023)

Hot water: Solar-supported via roof collectors

Windows: Double glazing (2008/2009), triple glazing on the street side (2014)

Energy efficiency: KfW measures package 2008 including facade insulation

Roof: Partially energetically refurbished, high-quality windows

Yield & Investment Potential

Stable rental income: Covers interest & repayments including a surplus

Positive cash flow possible – even in the current high-interest phase

Long-term asset growth through solid rental income

Potential for rental adjustments

Suitability: Investment, multi-generation home, or partial self-occupancy

Location Advantages

Opposite the Zittau/Görlitz University of Applied Sciences, within walking distance to the IHI and Fraunhofer Institute

Planned: DLR (German Aerospace Center) site

Peaceful, centrally located with a large garden

Public transportation: Stop within less than 5 minutes on foot

Recreation: Olbersdorf Lake & Zittau Mountains in the immediate vicinity

Shopping: Within walking distance

Private Sale – No Commission: The property is being sold directly by the owner; no real estate agent fees apply.

No Forced Sale: This is not an urgent or time-critical sale. The decision to sell has been made with due consideration, and we expect the same from prospective buyers.

Genuine Interest Appreciated: We welcome inquiries from those with genuine purchase interest and a realistic financing plan.

Negotiable: The asking price has been carefully calculated – well-founded, understandable offers are welcome.

Viewings: Viewings take place by prior arrangement. Please provide us with some information about yourself and your financing plan beforehand.