House for sale • 295 m² without real estate, Baden-Württemberg

Here is the English translation of the text:

At the offered multi-family house on a 208 m² plot, with 4 residential units and one commercial unit, this is a fully basement-equipped building with 3 full above-ground floors and a developed attic with a usable garret. It was built in 1951. Part of the basement was constructed as an arched cellar around 1905.

High plot utilization, a total of 398 m² of residential/commercial space, solid construction, and a central, highly sought-after location make the property—with its planned modernization—a profitable, value-retaining investment at a realistic entry price.

The commercial unit on the ground floor, previously used as a restaurant and measuring 103 m², consists of a dining room, an ancillary room, storage, ladies’, gentlemen’s, and staff toilets, and 4 rooms in the basement.

On the garage attached to the house, there is an approximately 17 m² roof terrace.

The 4 apartments in the building range from 47 to 104 m². The commercial unit, which was formerly used as a beer hall, has an area of about 150 m² (ground floor and parts of the basement), including ancillary rooms.

On the first floor, there is an apartment with 104 m² of living area distributed over 5 rooms, a kitchen, a bathroom, a toilet, a storage room, and a corridor.

On the second floor, there is a 2-room apartment with 47 m² of living space, featuring a kitchen with a shower, a toilet, a storage room, and a corridor, as well as a 3-room apartment with 60 m² of living area that includes a kitchen, a toilet/shower, and a corridor.

The attic apartment has a living area of 85 m² and comprises 3 rooms, an open-plan kitchen, a bathroom, a toilet, and a corridor. It also has potential for expansion in the garret area.

Location in the Urban Area of Reutlingen:

The property is located in Reutlingen’s Weststadt in a very convenient traffic area.

Reutlingen’s Market Square is only 1.1 km away.

The Bosch factory premises can be reached on foot in about 10 minutes.

Every general education school is accessible on foot within 10 minutes.

The university campus, located 2.5 km away, is approximately a 12-minute bike ride away.

The nearest stop of the Reutlingen public transport network as well as the station for city and regional trains are within a 2-minute walk. The stops are served by several city bus lines and regional trains. The station is also a stop on the Regional City Railway Neckar-Alb, which is currently being developed.

Character of the Surrounding Area:

According to the land-use plan of the Reutlingen-Tübingen neighborhood association, the area where the property is located is predominantly designated for residential use. The quarter is mostly developed with 3- to 4-story buildings.

Tübinger Straße is an inner-city main road with cycle paths on both sides and a one-sided parking strip.

Up to now, the building has been heated by a mix of gas-powered individual heaters and, in part, by floor heating. It is necessary to equip the building with a new heating system. Among other options, there is the possibility of connecting to the district heating network of FairNetz GmbH.

The plumbing, electrical installations, and parts of the flooring and doors of the building are also due for renewal.

It is conceivable to convert the ground floor into one or two apartments, divide the first floor into two apartments, and merge the two apartments on the second floor into one 5-room apartment.

The house is particularly suitable for a revitalization to a simple to medium standard. There is also high demand in the neighborhood for converting the property into condominium ownership aimed at young families and long-standing local residents.

Since the building is currently rent-free, a prompt implementation of the revitalization in one go would be very time- and cost-efficient.

For the modernization and conversion into up to 7 residential units, several state funding programs are available for co-financing.

Public Facilities:

All necessary offices and facilities for daily needs are available in Reutlingen. All types of schools are located in town, as is a university with 5 faculties and 47 degree programs.

Macro-location:

Due to its location in the heart of Reutlingen, the macro-location of the property can be classified as good. The existing infrastructure combined with local companies offers high productivity with moderate unemployment. In addition to the economic aspect, Reutlingen provides high recreational and leisure value because of its proximity to the Swabian Alb and to the state capital, Stuttgart.