Renovation project for investors - not currently rented - start immediately.

This is a 3-room penthouse apartment with a terrace, located in a residential building (built in 1995) with an underground garage and elevator. The penthouse apartment comprises 3 living rooms, a kitchen with a window, a spacious hallway, an internal bathroom (with a bathtub, washing machine connection, and towel radiator), and a rooftop terrace. The features and finishes are as shown in the pictures. The apartment includes a ~4 square meter storage room in the basement. The underground parking space (duplex parking) is included in the offered price. Currently, the vertical pipes throughout the building are being replaced. Therefore, parts of the bathroom and kitchen have been temporarily removed. This presents an opportunity to renovate the apartment in conjunction with the completion of the construction work (October 2026). Consequently, the apartment will be vacant and not rented from mid-September 2026. In addition to cosmetic improvements, the waterproofing of the rooftop terrace should also be renewed in the medium term. Therefore, this offer is primarily aimed at tradespeople or experienced real estate investors. A gross rental yield of > 6.5% is possible. I am happy to answer any further questions by phone before a viewing. Please send me a short message through the portal, and I will get back to you promptly. Viewings are generally possible at any time by prior arrangement.

Wehelener Straße 26, 01279 Dresden.