Flat for sale • 229 m² without real estate, Bavaria

The property offers an attractive investment opportunity with stable rental income and further development potential.

The building originally dates back to 1950 and was completely renovated in 1995 (including an external thermal insulation composite system on the facade). Since then, regular maintenance and further modernizations have been carried out, including, among other things, a new gas central heating system in 2022 and the renovation of the basement common areas in 2025.

There is currently no maintenance backlog, so the property is presented in a well-maintained overall condition.

Apartment Package:

The package includes several condominiums with a total area of approximately 228.23 m².

Current monthly net cold rent: €1,921

Annual net cold rent: €23,052

Features & Condition:

• Roof, windows (double-glazed), and facade (ETICS) were renewed during the renovation

• Bathrooms and interior finishes modernized

• Ongoing refurbishments during tenant turnover (2015–2025)

• New gas central heating (2022)

• New rain gutters (2024)

Reserves & Community:

The condominium association currently has a maintenance reserve of approximately €5,699 (as of April 2026).

Investment Highlights:

- Solid existing rents with growth potential

- No current renovation backlog

- Good rental demand due to compact apartment sizes

- Additional income from parking spaces

- Partially established long-term tenant structure

Conclusion:

An interesting investment opportunity for capital investors who value a stable return, a well-maintained property, and further potential for value appreciation. The well-maintained apartment package is located in a multi-family house (12 units) in the central area of Bad Rodach.