Description

This property represents your solid investment in Leipzig-Lindau.

The 1920 building with an entire basement was completely renovated and partially modernized (bathroom, floors) in 1995/96, complete with the installation of a new gas heating system. It consists of two commercial units on the raised ground floor and six apartments on the other four floors.

All units are rented and generate an annual (current) rent of about €49,200. The last rent adjustment will take place from April 2025.

On the first and second floors, the two apartments have been merged so that there is one large apartment of about 133 m² per floor.
On the third floor, on the other hand, there are two residential units, each with an area of about 65 m². The 4th floor is connected to the top floor and has two maisonettes with an area of about 80 m² each.

During the renovation, balconies were added on the back from the first to the third floor, overlooking an indoor green coprtile available to residents. The stairwell and doors convey the charming character of the old building.

The front door has already been partially renovated and there is further potential to improve the stairwell, while the heating system is in excellent condition and has been regularly maintained.

The condominium is located in a redevelopment area, so there are no additional fees – costs have already been covered and regular rent adjustments have been implemented, so that an annual rent of €49,200 can be expected starting in 2025.

Further rent adjustment for additional units is also possible in the next two years.

Features

• Alt-Lindenau
• Rented multi-family house
• Potential for division
• 2 commercial units
• 6 apartments
• Fully basemented
• Balconies
• Annual rent 2025: €49,200