Flat for sale 2 bedroom • 44 m² without real estateMannheim Mannheim Baden-Württemberg 68165

A Turnkey Investment Property – Renovated, Furnished, and Reliably Rented

This 2-room apartment in a well-maintained multi-family house in Mannheim Schwetzingerstadt is exactly what a real estate investor rarely finds: a property that requires no further work and generates returns from day one. The apartment is rented out as a shared flat and produces a monthly cold rent of 1,000 euros. Based on the purchase price of 199,000 euros, that corresponds to a yield of 6 percent! In addition, you pay no broker’s commission!

The apartment was extensively renovated only recently. The bathroom is completely new: All water pipes have been renewed, a spacious walk-in shower has been installed, large-format tiles with a concrete finish have been laid, and ceiling spotlights have been integrated. In the living areas and the hallway, high-quality vinyl flooring in warm wood effect covers the floor, and all walls, ceilings, and interior doors shine in a new luster. Heating is provided via district heating, and you and your tenants can easily reach the second floor using the building’s passenger elevator. In short: You will not have to worry about any maintenance work within the apartment in the coming years.

Moreover, the apartment is handed over fully furnished – including a kitchen with a dishwasher, refrigerator, oven, and stove. For you as a landlord, this means: You don’t have to purchase anything when a tenant changes, and you are targeting exactly the tenant segment that moves in quickly and effortlessly.

Why this apartment rents so well:

The two rooms are separate and almost equally sized. Both feature floor-to-ceiling windows and have their own access to the spacious loggia, which faces southeast toward the quiet rear of the building.

The location is also to your advantage. Schwetzingerstadt is one of Mannheim’s most sought-after districts, with the university and college being well connected, and the main train station located in the immediate vicinity. A tremendous everyday benefit: A supermarket is located directly in the front part of the building, and your tenants ride the elevator up for their shopping.

The figures:

The monthly service charge is 375 euros, of which 250 euros can be passed on to the tenants. According to the latest statement, the owners’ association’s maintenance reserve is solidly set up at around 400,000 euros.

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Schwetzingerstadt – Mannheim’s Desirable District in the East

The apartment benefits from a prime location in Schwetzingerstadt. This neighborhood is known for its mix of historical architecture and vibrant urban life and ranks among Mannheim’s top residential areas.

Everything right at your doorstep: For daily needs, you hardly have to leave the property, as a supermarket is located directly within the building complex. The neighborhood also attracts with a diverse gastronomic scene, charming cafés, and small, owner-operated shops.

Nature and connectivity: Luisenpark and the city’s landmark, the water tower, are reachable within a few minutes’ walk. The tram stops for lines 1, 6, 8, and 9 are practically around the corner and guarantee a fast connection to the main train station and the surrounding districts.

Key for renting: The University and Mannheim University of Applied Sciences are optimally connected, and the main train station is within walking distance. With this apartment, you thus reach three tenant groups with high demand – students, young professionals, and commuters.

• Fully furnished, including a fitted kitchen with dishwasher, refrigerator, oven, and stove

• Rented as a shared flat

• Cold rent: 1,000 euros per month

• Spacious loggia with southeast orientation facing the quiet inner courtyard, accessible from both rooms

• Complete renovation, including renewal of water pipes

• Modern bathroom with a walk-in shower, large-format tiles in a concrete finish, and ceiling spotlights

• Low-maintenance premium vinyl flooring in wood effect

• Excellent lighting thanks to floor-to-ceiling windows in both rooms

• Comfortable heating via district heating

• Practical cellar storage room as additional storage space

• Passenger elevator

• Supermarket in the front section of the building