House for sale • 653 m² without real estate, Baden-Württemberg

The multi-family house is located on an attractive hillside below street level and offers a charming view of the surrounding nature. In total, the property comprises nine condominium apartments: eight units feature two to three rooms along with spacious balconies or terraces, mostly presenting a beautiful view of the valley all the way to Liebenzell Castle. Additionally, there is a charming one-room apartment.

The apartments were built between 1962 and 1991 and offer diverse usage possibilities. Whether for individual sale or further renting out—the units can be optimally positioned immediately or after targeted, optional modernizations (e.g., the bathrooms).

The building is heated by a modern oil central heating system installed in 2023. In recent years, all the windows have been gradually replaced. Parts of the exterior walls already have insulation according to the 1980s standard.

Currently, some apartments are intentionally kept vacant to ensure maximum flexibility for owner occupancy, re-rental, or sale.

Even in its current condition, the property impresses with an extremely attractive yield: The realistically achievable annual cold rent corresponds to a factor of less than 15, or about 6.7% of the purchase price. Even with full financing—after deducting interest and principal—a positive monthly cash flow can be achieved. At the same time, you benefit from continuous wealth accumulation through loan repayment as well as long-term potential for value appreciation—an ideal foundation for a solid and relaxed retirement plan.

The property is located in Bad Liebenzell in a high position with a view of the town and Liebenzell Castle. Within walking distance, you will find bus line 880 and the Bad Liebenzell train station with connections to Pforzheim, Calw, Nagold, and Horb. Nearby, there are a kindergarten, primary and secondary schools. In addition, various restaurants, bakeries, cafés, doctors, and supermarkets are available. Two parks and green spaces, a bookstore, a fitness studio, a library, and a museum are also easily reachable on foot.

A new, energy-saving, high-quality oil central heating system (Viessmann condensing) was installed in 2023. Over the past 10 years, all windows have been gradually replaced with high-quality Schüco PVC windows. In 2025, the roof terrace, which is more than 100 square meters in size, was renovated. The bathrooms are mostly styled in the 1980s manner. The living areas are equipped with parquet, laminate, tiles, or carpet.

Further modernization work is not urgently required but can be considered, such as renewing the facade or various cosmetic upgrades—for instance, renovating the building corridors, the bathrooms, or the outdoor areas.

The purchase price of approximately 1,380 euros per square meter reflects the current condition of the building. For used condominium apartments in Bad Liebenzell, prices are usually set from 2,000 euros per square meter. According to Immobilienscout24, the average price for condominium apartments in Bad Liebenzell in the fourth quarter of 2025 was 2,821 euros per square meter. A buyer may also consider an immediate sale of some of the condominium apartments of the property to facilitate financing.

A detailed exposé will be gladly provided upon request.

Please include your full name, address, phone number, and a brief description of yourself in your inquiry.