$1,604,878

One of the most beautiful monument houses in Chemnitz !!!The object is a listed building and testifies to a history rich in tradition.For sale is this in Chemnitz known listed residential and commercial building from 1904. In the period from 1993 to 1995 and in 2003, the house was completely renovated. The last modernization took place in 2023, when a new heating boiler was installed. The building has a full basement, 4 full floors and 2 levels of attic, which have dormer windows on the back of the house. These and also the natural slate roof were rebuilt during the renovation. New apartments and a dry floor with tenant chambers were realized there.On the approx. 610 m² property is the striking corner building with its generous residential and commercial space of approx. 1,515 m². The facade is decorated with elaborate stucco ornaments and stands out due to its appealing color scheme.On the first floor is a commercial unit, which was once a bank. The house also has 17 residential units with 1 to 4 rooms, of which 14 are currently rented. Five balconies offer a pleasant view and provide a relaxing atmosphere.Overall, the property presents itself in a normal and well-kept condition. Current annual rental income of about 69,000 € speaks for the investment property. Currently 3 residential units are in the process of re-letting. The commercial unit can also be re-let at the end of the year. The target rent is to be set at approx. 85,000 € per year. The average rent is currently 4.64/m² and offers potential for upward adjustment.

Amenities

• Property Type: Condo
• Home size: 13,427 ft² / 1,247.40 m²
• MLS: 23155005
• Web ID: KWZCTR
• Status: Available

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