High-yielding renovated apartment building in Meißen with potential

Are you looking for an investment that can still bring you returns even if interest rates change?
even with changing interest rates? Are you looking for a problem-free apartment building with quiet tenants and no renovation backlog? And preferably commission-free?
This listed apartment building in a convenient location in Meißen-
Triebischtal convinces with a beautiful clinker brick façade, selected tenant clientele and
high yield. The building was completely refurbished in the 1990s, after which
In 2022, another 7 of 8 apartments were completely renovated and re-let. In this
the stairwell, basement areas, façade and inner courtyard were also renovated or refurbished.
have been refurbished.
The facts:

- 8 fully let apartments (44-70 sqm) and one commercial unit let on a long-term lease

- JNKM ACTUAL: 38,330 € (factor 16.8)

- Total area 520 sqm, of which living space 450 sqm (8 apartments) and commercial space 70 sqm plus approx. 100 sqm (ancillary premises)

- Pleasant and friendly tenant clientele of families, employees and pensioners

The condition:

- New central gas heating for the entire building from 2024 (exception: commercial unit)

- 7 of 8 residential units completely renovated before re-letting

- Renovated staircase

- New, modern doorbell system and letterbox unit

- Inner courtyard converted into a lounge and BBQ area

- Very spacious rear garden (total plot area over 700 sqm)

Welcome to Meissen - the cradle of the famous porcelain and a picturesque district town in the
Free State of Saxony. Meissen impresses with its quiet yet central location, because
Meissen is only 25 km northwest of Dresden. The town is also located at the end of the
Elbe basin on the Elbe and its tributary, the Triebisch. Meißen has always impressed with its
with its upscale architecture, large villa plots and very well-organized infrastructure.
In addition to its proximity to Dresden, the town itself boasts a wide range of leisure activities - be it
be it hiking through the vineyards along the Saxon wineries or visiting the
the state porcelain manufactory HAUS MEISSEN.
The building is very conveniently located in the Triebischtal district, in the immediate vicinity of the
Kaufland shopping center (1 min walk) and the "Triebischtal" train station (3 min)
walking distance. It is therefore ideal for local tenants or commuters to Dresden
(train journey approx. 40 min). The famous porcelain manufactory is located on the same street
street (approx. 700 m). The luxury residential ensemble "Rauhentalstr" is being built at the same distance
by Corte Harmjanz, which will further boost the entire district.
Infrastructure:
Ph­armacy, discount grocery store, general practitioner, kindergarten, elementary school,
secondary school, secondary modern school, grammar school, comprehensive school, public transportation