Other for sale in Mittweida, Germany

Property description: This real estate offering consists of an unsanitized residential and commercial building and a small multi-family residential building located in Mittweida. Both residential properties have different levels of renovation and modernization. The unsanitized residential and commercial building was solidly built around 1850. The exterior appearance (facade) should ideally be preserved, according to information from the local building authority. Further gutting and possible partial demolition for parking spaces is recommended. The second residential building (small multi-family house, built around 1995-1997) currently consists of two 2-room apartments in the attic, a spacious 3-room apartment with a kitchen and balcony on the 1st floor, and a shell-ready 3-room apartment with potential garden use on the ground floor. Currently, only one unit is rented out. The remaining units are vacant. It is recommended to modernize the existing residential units, such as renovating the sanitary areas and installing a modern energy-efficient heating system, when re-leasing to third parties. Additional features include: - Residential and commercial building with partial demolition: partially basemented, currently vacant, unsanitized - Estimated living space: approx. 210 sqm - No building documents available - New drinking water connection available, remaining utilities need to be developed - Small multi-family house (built in 1995): solid construction, not basemented, timeless tiles - Living space: approx. 250 sqm, one unit currently rented out (€290/month cold rent) - Night storage heating - Existing floor plans - Fully developed, high voltage available, SAT-TV, DSL Thoughts on price: The property's listing price of 227,000€ reflects the potential for renovation and modernization of both buildings. The opportunity to further develop and customize the properties to attract tenants or buyers can result in increased value over time. Considering the location in Mittweida and the size of the buildings, the price offers significant investment potential for the right buyer.