House for sale in Chemnitz, Germany

This multifamily house is an impressive structure featuring a total of 12 individual apartments that span four floors, along with a basement for additional utility. The total living space is approximately 639.97 square meters, and each apartment is complemented by a balcony that offers an additional 7.88 square meters of usable area, enhancing the living experience for tenants. The building is believed to have been constructed during the 1920s or the 1950s and has seen significant modernization at various intervals, specifically between 1995 and 1998, as well as during the years 2009 to 2012. Currently, 9 of the 12 residential units are let out, providing an immediate source of rental income. However, it is important to note that there is a backlog of necessary investments, indicating potential for further enhancement and value increase. The location in Chemnitz adds appeal, given its urban amenities and accessibility. This property represents a substantial opportunity for investors looking to capitalize on rental income while also considering future refurbishments to maximize returns.