Description

This property represents a solid investment opportunity in Leipzig-Alt-Lindenau. The fully basemented building, originally constructed in 1920, underwent a comprehensive refurbishment in 1995/1996. During this time, parts of the building were modernized, including bathrooms and flooring, and a new gas heating system was installed.
The building comprises 2 commercial units on the raised ground floor and 6 residential units distributed across the upper floors.
Currently, one apartment on the 1st floor is vacant, offering the potential to be divided into two smaller two-room apartments. In addition, a 2.5-room maisonette apartment in the attic (top floor) is also vacant and available for new letting.
The current annual net rental income is approximately €34,500, with the last rent adjustment implemented in April 2025.
On the 1st and 2nd floors, two apartments were merged to create spacious family-sized units of approximately 133 m² each.
The 3rd floor offers two apartments of approximately 65 m² each, suitable for smaller households.
The 4th floor is connected with the attic level, forming two maisonette units of approximately 80 m² each.
During the refurbishment, balconies were added to the rear façade on floors 1 to 3, overlooking a quiet, green and well-maintained courtyard, providing residents with a pleasant outdoor space.
The property offers excellent investment potential for capital investors. The building has not yet been converted into individual condominium units, which creates significant upside potential for future value appreciation and a profitable resale strategy.
The staircase and apartment doors preserve the charming character of the historic building. The entrance door has already been partially refurbished, and further potential exists to enhance the staircase area.
The heating system is in good condition and has been regularly maintained.
The building is located in a designated redevelopment area, however no additional levies are expected, as the relevant costs have already been settled.
Regular rent adjustments have been implemented. With the current vacancy situation, the property generates an annual net rental income of approximately €34,500.
Following re-letting and the potential subdivision of the 1st floor unit, the annual net rental income could increase to approximately €49,200.
Based on these projected figures, the property offers attractive investment metrics and additional upside through the future condominium conversion potential.

Features

Alt-Lindenau – fully rented multi-family building with development potential.
2 commercial units and 6 residential units (2 vacant).

• 1st floor currently vacant – can be divided into two smaller apartments
• vacant duplex unit in the attic (DG maisonette)
• balconies
• fully basemented

Current annual net rental income (2026): €34,493
Potential annual net rental income after new lettings: up to €49,200