Capital investment with substance: 4 units, fully let (owner-occupied and investment property)

Despite falling key interest rates, there is no easing of interest rates in sight. This offer therefore provides a good opportunity to acquire property and at the same time generate more income than before through tax savings. For sale is an attractive and well-maintained apartment building in Zittau, which was extensively refurbished and renovated in 2007/2008. The property comprises four well-designed apartments with living areas of between approx. 45 m² and 116 m² - a total of around 365 m² of living space. There is also a garden shed in solid construction on the property, which is connected to electricity and currently serves as a workshop. There is also a bicycle room with floodlight and motion detector.
All residential units were modernized between 2012 and 2023. Either new laminate flooring was laid or the high-quality, historic floorboards were professionally refurbished and triple-sealed to stylishly combine the original charm with contemporary living quality.
The house is also technically and energetically impressive:
-Sustainable solar system for water heating
-Efficient gas condensing boiler
-Modern windows with triple glazing on the street side
-Energetically renovated attic with high-quality windows
The house is fully let and generates a stable rental income. Owner-occupiers have the option of moving into one apartment themselves while benefiting from the rental income from the other three residential units.
Attractive even in the current high-interest phase:
The monthly rental income not only covers interest and repayment, but even provides excess cover. This means that the property is largely self-financing, enabling a positive cash flow and thus an ongoing increase in assets - without any additional financial burden.
This property is therefore ideal as a capital investment or as a multi-generational home with additional income. It offers buyers the opportunity to intelligently combine living and investing.
Highlights at a glance:

-Approx. 365 m² of living space in four residential units
-Completely renovated in 2007/2008, continuously modernized
-Historic floorboards & new floors, modern furnished apartments
-Solar system, gas condensing boiler technology, triple-glazed windows
-Long-term tenancy, stable income
-Positive coverage of interest & repayment
-Ideal as a capital investment or for partial owner-occupation
A charming and profitable home - perfect for anyone who wants to cleverly combine living and asset accumulation!

Location description - Science, quality of life and nature combined
Zittau - a science location with a future
The apartment building is in a prime location in the town of Zittau, a dynamic university and research location in Upper Lusatia, directly in the border triangle between 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 complemented by a Fraunhofer Institute, which recently underwent extensive expansion. In the near future, a site for the German Aerospace Center (DLR) is also to be built - a clear indication of Zittau's increasing importance as a location for science and innovation.

Central and quiet - with a high quality of life
The building's surroundings combine central accessibility with pleasant residential tranquillity - ideal for students, commuters, families or investors.

The spacious garden behind the house offers a quiet green oasis of retreat despite its proximity to the city center

The popular Olbersdorfer See lake is just a few minutes' walk away - the Zittau Mountains are just a 15-minute drive away for hiking and relaxation

A public transport stop is less than five minutes' walk away and provides good connections within the city and beyond

Shopping facilities, pharmacies, bakeries and other stores for daily needs are located in the immediate vicinity and can be easily reached on foot

A location with prospects
This location scores points for its long-term rentability, high quality of life and growing regional importance. It offers ideal conditions for investors as well as owner-occupiers who want to combine urban living, nature and a scientific environment.