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 good 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, which was comprehensively renovated and refurbished in 2007/2008. The property comprises four well-proportioned apartments with living areas ranging from approximately 45 m² to 116 m² – totaling around 365 m² of living space. Additionally, there is a garden shed built in solid construction on the property, which is connected to electricity and is currently used as a workshop. There is also a bicycle storage room equipped with floodlights and a motion sensor.

All residential units have been modernized between 2012 and 2023. During these upgrades, either new laminate floors were laid or the high-quality, historical wooden floorboards were professionally refurbished and triple-sealed to stylishly combine the original charm with contemporary living quality.

The house also impresses technically and energetically:

– Sustainable solar system for water heating

– Efficient gas condensing 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 move into one apartment while still 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 interest and repayment but even provides a surplus. This means: The property largely finances itself, enables a positive cash flow, and thus contributes to continuous asset growth – all without additional financial burden.

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

Highlights at a glance:

• Approximately 365 m² of living space across four residential units

• Completely renovated in 2007/2008, continuously modernized thereafter

• Historic wooden floorboards & new flooring, modernly equipped apartments

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

• Long-term rented, stable income

• Positive surplus covering interest & repayment

• Ideal as an investment, for multi-generation living, or part self-occupancy

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

Location Description – Where Science, Quality of Life, and Nature Meet

Zittau – A Science Location with a Future

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

Opposite the property is Building 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 center for science and innovation.

Central and Quiet – with a High Quality of Life

The area surrounding the house combines central accessibility with pleasant residential tranquility – ideal for students, commuters, families, or investors.

The spacious garden behind the house offers a quiet green retreat despite being close to the city center.

The popular Olbersdorf Lake is just a few minutes’ walk away – and the Zittau Mountains, only about a 15-minute drive away, invite you to hike and unwind.

A public transport stop is reachable in less than a five-minute walk, ensuring good connections within the city and beyond.

Shopping options, pharmacies, bakeries, and other daily necessities are available in the immediate vicinity and can be easily reached on foot.

A Location with Perspective

This location scores high with consistently good rentability, a high quality of life, and growing regional importance. It offers ideal conditions for investors as well as for owner-occupiers who wish to combine urban living, nature, and an academic environment.

Property at a Glance

Property Type: Multi-family House

Total Living Area: Approximately 365 m²

Units: 4 residential units (between 45 m² and 116 m²)

Rental Status: Fully rented

Modernization: Apartments renovated between 2012 and 2023

Basement: Fully basemented

Features & Technology

Heating: Gas condensing boiler (built in 2008, overhauled in 2023)

Hot Water: Solar-assisted via roof collectors

Windows: Double glazing (2008/2009), street-facing triple glazing (2014)

Energy Efficiency: KfW efficiency package 2008 including facade insulation

Roof: Partially energetically refurbished, high-quality windows

Yield & Investment Potential

Stable Rental Income: Covers interest & repayment including a surplus

Possible positive cash flow – even in the current high-interest phase

Long-term asset growth through solid rental income

Potential for rental adjustments present

Suitable as an investment, multi-generation home, or for partial self-occupancy

Location Advantages

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

Planned: Site of the DLR (German Aerospace Center)

Quiet, centrally located setting with a large garden

Public Transport: Bus/tram stop within a five-minute walk

Recreation: Olbersdorf Lake & the Zittau Mountains in the immediate vicinity

Shopping: Within walking distance

Private Sale – No Commission: The property is sold directly by the owner, so no broker fees are incurred. This saves you between 15,000 and 20,000 Euros in brokerage fees.

Not a Forced Sale: This is not an urgent or time-critical sale. The sales decision is well-considered, and we expect the same from potential buyers.

Serious Interest Welcome: We welcome inquiries from buyers with genuine purchase interest and a realistic financing basis.

Room for Negotiation: The asking price is carefully calculated – well-founded, transparent offers are welcome.

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