House for sale • 524 m² without real estate, Baden-Württemberg

For your information: The valuation report prepared a few months ago amounted to €1,760,000. You are welcome to submit an offer.

For sale is a high-quality, refurbished 7-family house with an exceptionally good yield of over €76K net annual cold rent. The property is located in a quiet residential area with schools and kindergartens just a few hundred meters away, a view of the castle, etc. Bus stops are directly in front of the house. Various shopping opportunities and restaurants can be reached in just a few minutes.

Here are some examples of the modernization measures:

- In the ground floor, 3 rental apartments were completely newly constructed, featuring:

o Underfloor heating

o New flooring (tiles or click vinyl)

o Triple glazing

o Electric shutters

o Six-layered partition walls (providing exceptional fire and sound protection) between the apartments

o Modern fitted kitchen with a fridge-freezer combination, oven, ceramic hob, dishwasher, and extractor fan

o Fully dimmable ceiling lights

o Modern bathrooms with walk-in showers and bathroom furniture

o New electrical wiring

o New heating system

o The walls are decorated with exquisite glass fiber wallpaper

o High-quality doors in the apartment and entrance area with the highest security standards

o And much more

- Of the 4 apartments on the upper floor, 3 have been extensively refurbished. Here are some examples:

o New flooring (tiles or click vinyl)

o New efficient radiators and heating pipes with high-quality insulation

o New energy-efficient entrance doors for apartments

o New interior doors

o New electrical wiring

o New bathroom, including bathroom furniture

o The walls are partially decorated with exquisite glass fiber wallpaper

o Fitted kitchen with fridge-freezer combination, oven, ceramic hob, dishwasher, and extractor fan

- The 4th apartment is also of high quality, but it has not been modernized and extensively remodeled.

In the new ground floor apartments, the sewage system was also completely relaid. The main sewage line for the entire building was comprehensively refurbished in 2022 using inliner technology.

The plot size is 1,355 m².

The living area is 524 m².

The house comprises:

- 6 rental apartments each with 3 rooms, a kitchen, and a bathroom, approximately 75 to 80 m² each,

- and one 2-room apartment with a kitchen and bathroom of 66 m².

The usable area includes 12 basement rooms, 4 storage compartments, and two large laundry/drying rooms.

Additionally, the property includes 3 well-leased garages and 9 leased parking spaces.

All rental contracts are indexed leases. This allows for hassle-free rent adjustments every year.

Further images, the location, and additional information will only be provided to serious parties.

Of particular interest to investors is the possibility of converting the multi-family house into 7 condominiums.

The tenants are all financially solvent and well-educated (engineers, skilled tradespeople, and other professionals) and are employed (no reliance on job center support).

Currently, the property is being offered by the owner. Thus, no broker's commission of 7.14% is currently applicable.

We can also exclude all the furniture, 6 fitted kitchens, 6 sets of bathroom furniture, bathroom accessories, various very high-quality curtain and gallery tracks, and various lighting fixtures/lamps from the sale price and execute a separate sales contract for them. Their current value is approximately €80K. Of course, no notary or real estate transfer tax fees would apply for these.

See property description.

High quality.