Flat for sale 2 bedroom • 43 m² without real estateLessingstr. 64 Karlsruhe Weststadt Baden-Württemberg 76135

Weststadt. 2 rooms. Balcony. Elevator. District heating. Single underground parking space.

And above all: an apartment in which the major issues concerning the condominium ownership have already been taken care of.

For sale is a move-in ready 2-room apartment at Lessingstraße 64 in Karlsruhe-Weststadt. The apartment has been comprehensively modernized and is therefore not a typical existing property that would later require a craftsman’s program, but an immediately usable complete package for owner-occupiers, the “parent model” or investors.

Price structure:

• Apartment including new fitted kitchen: €229,000

• Underground parking space: €18,000

Total price: €247,000

Why this property is economically attractive:

The floor plan is clear and efficient. Both rooms can be accessed separately from the hallway. As a result, the apartment is not only suitable for classic owner-occupancy, but also for a high-quality 2-person shared apartment (WG) or a business/commuter concept.

Model calculation for WG/Investment Case:

• Room 1: €600 cold rent

• Room 2: €600 cold rent

• Underground parking space: €75/month

Total targeted rent: €1,275/month = €15,300 p.a.

Gross yield on the total price of €247,000: approx. 6.2%

Factor approx. 16.1

The large balcony spans both rooms and significantly enhances the quality of living. Together with the elevator, district heating, basement storage, and single underground parking space, this creates an unusually complete package for this location.

Three buyer groups – one property:

• Owner-occupiers: move in instead of renovating

• Parent model: a quality living solution for your own child today, later flexibly rentable

• Investors: a directly usable Weststadt product with a clear rental case and separate underground parking cash flow

Building / Management / Cost Structure:

• Year built 1988

• Large, well-maintained complex

• 2 full-time caretakers

• Clearly labeled door/bell system

• Well-kept common areas

• Recently painted corridors

• Energy-saving LED lighting in the hallways

• Large inner courtyard

• Newly created playground

• Elevator modernized several years ago

• Flat roof already waterproofed

• Managed by Krogmeier Vieten, one of the strongest and most forward-looking property management companies in Karlsruhe from the owner’s perspective

Energy efficiency class E:

• Final energy consumption 140.00 kWh/(m²a)

• Energy source: district heating (GEG compliant)

Service charges & Reserves:

• Service charge for the apartment: approx. €98.92/month

• Service charge for the underground garage: approx. €163.66/month

Total: approx. €262.58/month

Reserves:

• Reserve for Moninger Residenz: approx. €190,000

• Share for the apartment: approx. €450

• Reserve for Studien Residenz / underground parking: approx. €110,000

• Share for the underground parking: approx. €2,800

Total share of reserves: approx. €3,250

No special assessments known

Karlsruhe Weststadt – Micro Location Lessingstraße

Lessingstraße is one of the most sought-after residential areas in Karlsruhe’s Weststadt. The combination of a quiet residential street, a mature neighborhood, a short distance to the inner city, and excellent connections makes the location particularly attractive for both owner-occupiers and investors.

Universities / Education / Rentability:

• KIT: approx. 5–10 minutes by bicycle

• Karlsruhe University of Applied Sciences (HKA): very accessible

• Academy of Fine Arts: within a short distance

• HfG / ZKM: quickly reachable

• DHBW, Karlshochschule and other inner-city educational sites: well connected

• University of Music / Schloss Gottesaue: within a short drive

This location is especially strong for the parent model: a high-quality living solution for one’s own child today, very rentable later on.

Mobility / Infrastructure:

• Stops at Lessingstraße and the employment agency within a short distance

• Mühlburger Tor, an important transfer point, is about an 8-minute walk away

• The inner city / Kaiserallee / Kaiserstraße are quickly reachable

• Good connection to the main train station

• Very good road access via Brauerstraße / Südtangente (B10)

Quality of Life:

• Gutenbergplatz with weekly market, cafés, and restaurants within a short distance

• REWE, organic markets, pharmacies and doctors in the vicinity

Not only has the appearance been “freshened up,” but the crucial areas have been substantially renewed.

• Technology / Utilities / Substructure:

• Water pipes within the apartment renewed, including branch connection

• Complete electrical system renewed

• New fuse box with RCD (FI) switches

• Separate circuits for washing machine, dryer, dishwasher, stove, and microwave

• New windows and balcony doors

• New radiators in all rooms

• New frames and door leaves

• Complete ceiling suspension with plasterboard

Benefit:

No typical uncertainties of an older property regarding electrical systems and pipes. Not a “nice condition, but with old technology.”

Bathroom / Tiles / Interior Finishing:

• Bathroom completely modernized

• New wall-to-ceiling tiling

• Geberit WC, Grohe fixtures, Limodor extractor fan

• Low-profile shower tray

• Kitchen, hallway, and bathroom newly tiled

• The same tile design in the kitchen backsplash

• Walls re-plastered, papered, and painted after electrical work

Benefit:

A coherent overall look instead of patchwork. Immediately usable without further investments.

Kitchen:

• New built-in kitchen, unused

• Ceramic hob and oven

• Extractor hood

• Built-in microwave

• Dishwasher

• Modern refrigerator

Benefit:

No additional investment, no kitchen planning, no waiting time. The kitchen is immediately ready to use and significantly higher quality than typical compact solutions.

Hallway / Laundry Solution:

• The hallway has been specifically designed so that a washing machine and dryer find their proper place.

Benefit:

• The bathroom remains the bathroom, the kitchen remains the kitchen. No makeshift solutions in the main areas.

Additional Features:

• Large balcony over both rooms

• Basement storage

• Lockable bicycle storage room on the ground floor

• Elevator

• District heating

In short:

• New pipes, new electrical system, new windows, new radiators, new bathroom, new kitchen, new doors, new floors, suspended ceilings.

This is exactly what differentiates this property from many other Weststadt offerings.

The Investor Case: approx. 27% equity total yield including repayment (model calculation)

This sale is conducted commission-free directly by the owner. You save approx. €8,820 in broker fees (3.57%), which you can immediately retain as a liquidity buffer or use to optimize your financing conditions.

Economics in a nutshell:

• Apartment (2-person WG): €1,200 cold (i.e., €600 per room)

• Underground single parking space: €75 cold

• Total targeted rent: €1,275 per month / €15,300 p.a.

• Gross yield: approx. 6.2% (on the total price of €247,000)

The Magic of Leverage

Do not be deceived by a pure cash flow consideration. True wealth is built through the repayment that your tenant makes for you. With an equity investment of approx. €17,290 (around 7% purchase-related additional costs) and an exemplary 100% financing (3.8% interest), the result is:

The Investor Case: 27% equity total yield & positive cash flow

Do not be misled by the pure cash flow view. True wealth building arises from the combination of monthly surplus and the repayment your tenant makes for you.

• 1.0% repayment: Monthly rate approx. €988. This results in a surplus of approx. €287 per month before the non-recoverable portion. After accounting for the non-recoverable service charge (approx. €104), around €183 per month remains as real profit in your account.

• Positive Cash Flow: Even after deducting interest, repayment, and management costs, the property remains in the plus each month – a rare setup in the current market climate.

• The Tenant Pays for Your Property: While you generate €183 in passive income monthly, your tenant additionally repays approx. €2,470 of your debt annually.

• Yield Leverage: This total return (cash flow + repayment) of approx. €4,666 per year corresponds to an equity yield of approx. 27% – based on an initial investment of only approx. €17,300 (for ancillary purchase costs).

Legal Notice & Disclaimer

All information provided (as of 2026) is non-binding and for informational purposes only; the notarized purchase contract is solely decisive. The examples of yield, cash flow, and depreciation (AfA) are model calculations without any guarantee for future rental income or tax results. This exposé does not constitute investment, tax, or legal advice. The individual tax treatment (especially building proportion/immediate depreciation) and financing should be independently reviewed by qualified advisors. Liability for the prospectus is excluded.