Well-maintained, high-yield, and renovated multi-family building in Meißen, offering a strong return on investment with a factor of 15.3.

Are you looking for an investment property that can still generate returns even with changing interest rates? Do you want a hassle-free apartment building with reliable tenants and no need for extensive renovations? And ideally, without any commission fees? This listed multi-family building, located in a convenient area in Meißen-Triebischtal, offers a beautiful brick facade, a carefully selected tenant base, and a high return on investment. The building underwent a complete renovation in the 1990s, and in 2022, 7 out of 8 apartments were fully renovated and re-let. As part of this, the staircase, basement areas, facade, and courtyard were also renovated or refurbished. Here are the key facts:
- 8 fully occupied apartments (ranging from 44-70 square meters) and one long-term commercial unit.
- Annual net rental income: €40,392 (factor of 15.3)
- Total area: 520 square meters, including 450 square meters of living space (8 apartments) and 70 square meters of commercial space, plus approximately 100 square meters of outbuildings.
- Pleasant and friendly tenant base consisting of families, employees, and retirees.
The condition:
- New central gas heating system for the entire building, installed in 2024.
- 7 out of 8 apartments completely renovated before being re-let.
- Renovated staircase.
- New, modern intercom system and mailboxes.
- Courtyard converted into a lounge and BBQ area.
- Very spacious garden at the rear (total property area over 730 square meters).

Welcome to Meißen – the birthplace of the renowned porcelain and a picturesque town in the Free State of Saxony. Meißen impresses with its peaceful yet central location, as it is only 25 km northwest of Dresden. Furthermore, the town is situated at the mouth of the Elbtal valley, on the Elbe River and its tributary, the Triebisch. Meißen has always been characterized by its high-quality architecture, spacious villa plots, and a very well-organized infrastructure. In addition to its proximity to Dresden, the town itself offers a wide range of leisure activities, whether it's hiking through the vineyards along the Saxon wineries or visiting the state-owned porcelain manufactory, HAUS MEISSEN. The building is conveniently located in the Triebischtal district, close to the Kaufland shopping center (1 minute walk) and the "Triebischtal" train station (3 minutes walk). Therefore, it is ideal for local residents or commuters to Dresden (approx. 40 minutes by train). The famous porcelain manufactory is located on the same street (approx. 700 meters). At the same distance, the luxury residential complex "Rauhentalstr" by Corte Harmjanz is being developed, which will further enhance the entire neighborhood. Infrastructure: Pharmacy, discount supermarket, general practitioner, kindergarten, primary school, secondary school, vocational school, grammar school, comprehensive school, public transportation.