House for sale • 484 m² without real estateLudwigshafen Oggersheim Rheinland-Pfalz 67071

This high-yield residential and commercial building was built in 1917, expanded in 1956 and 1967, and extensively renovated/restored in 2016. The property is located in the town center on a 480 m² plot and offers a total living area of approximately 484 m², distributed over 10 residential units, and about 130 m² of commercial space across 2 units. Currently, all apartments and commercial properties are leased. The estate is divided into a front building and a rear building with a shared inner courtyard, a backyard, and a barn enclosed by a historic wall leading to the sculpture park (garden). In 2016, the building underwent extensive renovation. The exterior façade was completely re-plastered. Many photos of the renovation (new heating, water, and electrical lines) are available, as well as images of the previous condition. In 2016, the doorbell system, mailboxes, and a central satellite system on the roof (used by roughly 100% of the tenants), including a control box, were newly installed and wired.

Rental Income

Cold rental income per year: €70,020

Advance payment for additional costs per year: €22,080

Warm rental income per year: €92,100

Oggersheim is the largest and arguably the most historically significant district of Ludwigshafen. There is excellent public transport connectivity to Ludwigshafen, Mannheim, and Bad Dürkheim. The neighboring town of Frankenthal is accessible by bus or train. From Oggersheim station, there are further public connections to the railway network. Thanks to the motorway connection, there is also a very good traffic link by car in the direction of Mannheim, Heidelberg, Karlsruhe, Speyer, and the greater Frankfurt area.

Shopping opportunities for daily needs are available on-site. The “Einkaufpark Oggersheim” (Oggersheim West commercial area) also caters to larger shopping needs (including Bauhaus, Decathlon, Dehner, Fahrrad Kalker, Globus, Hornbach, Kibek, Lidl, Metro). Medical care in the fields of general and dental medicine is excellent, and specialists as well as pharmacies are available locally.

The offered property is very centrally located, right in the heart of Ludwigshafen’s Oggersheim district – at Schillerplatz/Hans-Warsch-Platz! All shops, doctors, banks, pharmacies, schools, kindergartens, and hospitals are within immediate walking distance. Public transport, a weekly market, and a taxi stand are right at the doorstep!

The front building has one more floor compared to the adjacent buildings, while the rear building has two floors fewer. It might be possible to expand the building with additional apartments, for which the building authority would need to be consulted.

Front Building:

Consists of 3 floors, comprising a total of 2 commercial units and 4 residential units. The two retail units and the residential apartments above them on the 1st floor were renovated in 2016. Floors, walls, bathrooms, electrical systems, gas pipelines, and heating/radiators (heated by a newly installed central gas boiler) were updated.

Rear Building:

Consists of 2 floors, with a total of 6 residential units. The rear building was completely renovated in 2016. All rooms, doors, floors (tiles and laminate), walls, toilets, bathrooms, electrical and water supplies, gas pipelines, heating, and radiators were entirely redone in 2016. All 6 residential units are heated by a central second gas boiler.

Apartment Layout:

• 1 apartment: 5 rooms, kitchen, bathroom, guest WC

• 1 apartment: 3 rooms, kitchen, bathroom, guest WC

• 4 apartments: 2 rooms, kitchen, bathroom

• 4 apartments: 1 room, kitchen, bathroom

• 2 retail units: with WC

Living area: approx. 484 m²

Retail area: approx. 130 m²

Plot size: approx. 480 m²

Number of rooms: 20

Number of bathrooms/WCs: 12

Number of kitchens: 12

Number of basement rooms: 10

Number of additional storage rooms: 1

Rental Income

Cold rental income per year: €70,020

Advance payment for additional costs per year: €22,080

Warm rental income per year: €92,100