Investment property, Heinrich-Heine-Str. 13.

Apartment building located at Heinrich-Heine-Straße 13 in Gera-Debschwitz. The building, constructed in the early 1920s using solid construction methods, is situated on a quiet side street off Wiesestraße. The facade has been restored, preserving its original Gründerzeit (German late 19th-century) architectural elements. The building underwent a complete renovation in 1992/93. In 2013, a Buderus high-efficiency gas heating system was installed. Since then, all necessary maintenance work has been consistently performed, and tenant requests for improvements have been addressed.

The building comprises nine apartments: seven two-room apartments and two three-room apartments, with a total living area of approximately 420 square meters. Four of the apartments have balconies. The property includes a backyard used by the tenants, which also features a communal garden. The apartments have varying levels of modernization; cable and satellite TV are available.

The building is currently fully occupied. The rented apartments generate a net cold rent of approximately €27,400 per year (a factor of around 15). Property management is handled by a local company.

This property can be purchased together with the property located at Schmelzhüttenstraße 28 as a package.

The apartment building is located at Heinrich-Heine-Straße 13, 07548 Gera, in the Debschwitz district. This quiet residential street is situated between Wiesestraße and Elsterdamm, southwest of the city center. It's just a short walk to tram line 3, with stops at Oststraße or An der Spielwiese. There are shops located on Wiesestraße and along Elsterdamm, and Gera Süd train station is also nearby. The city center is approximately 1.5 to 2 kilometers away. The Debschwitz secondary school, located on Darwinstraße, is about half a kilometer to the south. The city is connected to the surrounding area via the B 2, B 92, and A4 highways, with access points at Gera-Langenberg and Gera-Leumnitz. Debschwitz was incorporated into Gera in 1912 and is bordered to the east by the White Elster river and to the west by the city forest.