Apartment building for sale in Dresden-Striesen: fully let, 6 units, 500 m², multiplier 21.9

The property is fully let and currently generates an annual net cold rent of 58,800 euros. The asking price corresponds to 21.9 times this annual rent. The tenancy agreements are open-ended, and at 9.80 euros per square metre the average rent is below the Dresden rent index for comparable locations, which leaves room for adjustment when units are re-let. The apartment sizes range from 62 to 108 m², which allows a broad tenant structure and avoids concentration risks. Following the modernisation in 2018 there is no maintenance backlog, and the reserve fund is properly maintained. For investors looking for a low-maintenance property in a location in high demand, the building offers a reliable basis. We will provide the tenant list, proof of modernisation and the service charge statements for the last three years by appointment.

The building, constructed in 1930, was extensively modernised in 2018: the roof, windows and electrics were renewed and the façade was repaired. Each of the six apartments has a bathroom with a bathtub and a shower, laminate flooring and underfloor heating, and the central oil-fired heating system was replaced in 2018. The basement contains six storage compartments totalling 40 m², a laundry room and a bicycle room. The converted attic offers a further 33 m² of usable space as a drying loft or as a reserve for later conversion. The 800 m² plot has four parking spaces, and the rear garden is used by the tenants of the ground-floor apartments.

Striesen is one of Dresden's most popular residential districts. Wide avenues, front gardens, villas and apartment buildings from around 1900 shape its character, tenant turnover is low and demand for housing remains consistently high. Tram lines connect the district with the city centre every five minutes, and the Grosser Garten park borders it to the west. Schools, nurseries, doctors and shops are within walking distance, and the Elbe meadows in Blasewitz are only a few minutes away. For investors, this location means stable lettability and a low risk of vacancy.

Energy performance certificate: consumption-based certificate, final energy consumption 148.0 kWh/(m²·a), energy source heating oil, year of construction 1930, energy efficiency class E, valid until 2034. Commission: buyer's commission of 3.57 % including VAT, due upon notarisation; shared commission under § 656c BGB (German Civil Code). Viewings: by appointment only, and consideration for the tenants is expected. Note: This is a demonstration record of the SES RealEstate product preview. The property, the price and the contact person are fictitious.