Stylish multi-family building in Chemnitz-Kaßberg, fully rented with a 7% return. District heating system regularly maintained.

Stylish multi-family house in a prime location, offering a very attractive overall package:

- Stable income through full occupancy and a solid tenant base.
- Compelling financial performance: The annual gross rental income is currently just under €50,000, representing approximately a 7% gross rental yield on a living area of approximately 760 m², with additional potential for rent increases.
- Future-proofed through comprehensive renovations in 1996, which preserved the charm of the spacious apartments, making the house attractive today and offering desirable sizes of apartments (2, 3, and 4-room apartments) across the total of nine units. All apartments feature bright bathrooms and spacious kitchens. A two-room apartment was recently completely and high-quality renovated in 2022, including extensive restoration of the stucco elements, the original panel doors, replacement of the plaster (breathable lime plaster + silicate paint), installation of a modern bathroom with a freestanding bathtub and shower, double vanity, bidet, decorative tiles, and stoneware flooring, high ceilings with spotlights, floor-to-ceiling windows, designer radiators, and built-in furniture in the kitchen. - Energy efficiency through existing connection to the city's district heating network, and a completely modernized hot water system in 2025.
- Highly desirable micro-location: The Kaßberg district is one of the largest contiguous historic neighborhoods in Germany, and has always been the preferred choice for residents and newcomers alike due to its charm. It is only a 5-minute walk from the city center and Schloßteich lake. The building is also located in the quiet inner area of the Kaßberg, with all essential amenities within close proximity (bus, employers, pharmacy, parks, school, high school, shopping center, discount supermarkets, doctors/clinics, fitness center, restaurants, bars, cafes, church, clubs, etc.).
- Compelling macro-location: Chemnitz is a regional center and the third-largest city in Saxony, with approximately 250,000 residents. This independent city forms the economic and cultural heart of the Chemnitz-Zwickau region, serving a catchment area of around 1.42 million people. The city boasts a per capita purchasing power comparable to that of cities like Berlin, Dresden, and Leipzig. The attractiveness of Chemnitz as an industrial and residential location has been significantly boosted by its selection as the European Capital of Culture 2025, resulting in increased visibility and substantial investments (approximately €90 million from EU, state, and federal programs, as well as numerous additional private investments). - Direct access and control through global ownership (either an asset or, potentially, a share deal are possible), and a cost-effective acquisition directly from the owner.

The apartment building is located in a quiet area on a side street. It's situated in the most densely populated part of the city – the beautiful Kaßberg district. Living here is appealing: the architecture, greenery, and urban environment create a vibrant neighborhood. Apartment buildings with impressive facades, beautiful villas, and parks characterize Kaßberg, which has been designated a protected historical area since 1991. Buildings from the Historicism, Art Nouveau, and New Objectivity periods here recall the once prosperous and internationally significant industrial city. Approximately one hundred years later, after the destruction caused by the war was repaired, the district has once again become a desirable place to live. Attractive housing in historical or modern homes, good local amenities for daily needs, and a wide range of leisure activities attract a new clientele, revitalizing the area. Cafés, bars, pubs, snack bars, and excellent restaurants provide a solid foundation for meals, socializing, and entertainment. Clubs, fitness centers, a climbing gym, a nearby swimming pool, and a gondola station on the Schloßteich offer opportunities for sports and both active and passive cultural enjoyment. Within a few hundred meters, you'll also find kindergartens and various schools. You can easily reach the city center on foot, through streets lined with gardens and trees. In just fifteen minutes, you can reach the wooded slopes of Kaßberg, down to the river that gives the city its name, and into the city center. If you use public transportation, you can choose from more than a dozen lines within a half-kilometer radius. If you drive, you can quickly reach the A72 and A4 highways in just under five kilometers. Short distances and a diverse range of amenities are the great advantages of living in a central location with us – in the heart of Kaßberg!