Charming mixed-use residential and commercial property for sale

Overview

Property type: Mixed-use building (residential and commercial)
Year of construction: 1900
Plot area: 1,204 m²
Leasable area: approx. 552 m²
Residential area: approx. 414 m²
Commercial area: approx. 138 m²
Number of parking spaces: 7
Heating system: Gas heating
Last modernisation/renovation: 2005
Condition: Well-maintained
Net base rent: €24,656 (excluding commercial rent)
Purchase price: €428,000
Buyer -Commission fee: 3.57% (incl. 19% VAT)

Property Description

This four-story mixed-use building, which features a full basement, was constructed in 1900 on a plot of land measuring approximately 1,204 m². The total area of approximately 552 m² comprises one commercial unit (approx. 138 m²) and six residential units (total living area of approx. 414 m²).

The property underwent extensive modernisation between 1996 and 2005 and is in well-maintained condition. The apartments feature individual gas heating systems, balconies, and flooring finished in laminate and tile. The property also includes three garages and a spacious open area currently used as a parking lot. This area is easily accessible via a separate driveway from the street at the rear and offers additional potential for use.

Annual net rental income from the residential units currently amounts to €24,656.00. The commercial unit is presently vacant, offering additional revenue potential; re-letting it at an estimated annual net rent of around €8,280.00 would further increase the property’s total income. This well-maintained mixed-use property stands out due to its solid structural condition, attractive development opportunities, and potential for increased rental income. It is suitable both as a long-term capital investment and for investors looking to unlock further value-creation potential.

Location

The property is located in the city of Chemnitz. The independent city of Chemnitz lies at the northern edge of the Ore Mountains (Erzgebirge) within the Ore Mountain Basin. Known as the “Gateway to the Ore Mountains,” this major Saxon city—with a population of over 245,618 (as of Dec. 31, 2024)—is the third-largest city in Saxony; in recent years, it has evolved into an innovative, high-performing hub for business and research, as well as a modern industrial city ranked among Germany’s fastest-growing urban areas. This development is bolstered by excellent transport connections via the A4 and A72 federal motorways.

Chemnitz also shines culturally—not least as the European Capital of Culture 2025—offering a diverse program of events, museums, galleries, and a vibrant urban atmosphere featuring modern shopping centers alongside varied leisure facilities and green spaces. Altchemnitz is a district in the south of the city. At the southernmost point of this district, the Zwönitz and Würschnitz rivers converge to form the Chemnitz River.

Federal Highway B 95 runs through Altchemnitz. Additionally, City-Bahn Chemnitz trains operate on tram tracks as far as Altchemnitz, continuing via a newly constructed connecting section to Stollberg/Erzgebirge. The area remains home to a large number of businesses as well as key facilities serving the needs of residents in the southern part of the city.