Investment opportunity with development potential – 4 apartments + commercial space – Upper Lusatia region.

No commission: In a fantastic location, in the town center, next to the Spree bridge. Multi-family house with 4 apartments, commercial space, and development potential in Schirgiswalde.
Purchase price: €165,000 negotiable - Fire sale - Previously, €240,000 has been demonstrably invested. Sold directly by the owner – no buyer's commission. The potential yield in its current condition is at least 5%, and up to 12% with renovations. For sale is a versatile residential and commercial building in Schirgiswalde-Kirschau, in the Bautzen district. The property offers four apartments, a commercial unit, additional utility and storage spaces, and significant development potential. The building is particularly suitable for investors, project developers, tradespeople, or buyers who want to combine living, renting, and commercial activities under one roof. Key features:
Year of construction: approximately 1900/1907
Two full floors
Approximately 283 m² of living space
Four residential units
Approximately 103 m² of commercial and utility space
Total of approximately 432 m² of living and utility space
Additional outbuilding or storage area of approximately. 47 m²
Former bakery or commercial unit with an internal courtyard.
Gabled roof with slate covering.
Not basemented.
For sale directly from the owner, without commission.
Renovation status:
The building has already been modernized in several areas:
One apartment has been completely renovated.
Another apartment is approximately 75% complete.
Two apartments are still in their original, undeveloped condition.
All windows in the building have been replaced.
Water pipes have been replaced.
The electrical system on the first floor, including the meter cupboard and main distribution box, has been renewed.
Further renovation and finishing work is required.
A central heating system or radiators are not yet fully installed. This allows the future owner to choose a heating system that is appropriate for the intended use.
Various usage possibilities:
The property offers several interesting development opportunities: Here are some potential uses for the property:

* Traditional rental of the four apartments.
* Furnished rentals for company employees and contractors.
* Employee housing for regional businesses.
* A combination of personal use and rental income.
* Multi-generational living.
* Living and working under one roof.
* Use of the commercial unit as an office, studio, workshop, practice, café, or 24/7 vending area.
* Holiday or short-term rentals, subject to local regulations.

The property's existing spaces and varying states of completion allow for gradual further development. This makes it an attractive investment opportunity.

The already renovated or nearly completed apartments enable a phased entry into the rental market. The two remaining apartments and the commercial space offer additional potential for value appreciation and income generation. A particularly appealing option is furnished rentals for employees of regional companies, tradespeople, or project staff in the Bautzen and Upper Lusatia region.

Location:

Schirgiswalde-Kirsc­hau is a picture-postcard idyll. It's located in the Bautzen district of Upper Lusatia, close to the largest lake district in Europe, and just 5 km from the Czech border (where you can buy fuel, food, and other goods at favorable prices), and only a few kilometers more to Poland. The region combines a peaceful and central residential location with easy access to Bautzen and Dresden, as well as various industrial, construction, healthcare, and service companies.

Shopping facilities and amenities for daily needs are located in the immediate vicinity. The scenic Upper Lusatia region also offers great potential for leisure and vacation activities. A hiking and forest cycling path is just 2 minutes away on foot. The train station is a 3-minute walk, and it takes 50 minutes to reach the center of Dresden by train. The house is located in a very idyllic spot next to the Spree bridge and opposite public, free parking with an electric vehicle charging station.