Flat for sale 4+1 • 83 m² without real estate, Hesse

For sale are two already rented condominium apartments located at Mannheimer Straße 12 in 68519 Viernheim. The two units are located on the top floors of the front and back houses and are exclusively sold as a complete package.

The offer is particularly suitable for capital investors who want to take over two existing tenancies within the same condominium homeowners’ association.

Overview of the investment:

• Purchase price for the complete package: €185,000

• Total monthly net cold rent: €850

• Annual net cold rent: €10,200

• Gross initial yield: approx. 5.51%

• Purchase price factor: approx. 18.14

• Total monthly homeowners’ fee 2026: €313

• Both apartments are already rented

Apartment 1 – Front House / Top Floor

The larger unit is situated on the top floor and comprises 3 rooms, a kitchen, and a bathroom/WC. The existing lease states a living/usable area of approx. 55 m².

The monthly net cold rent is €570. Additionally, the tenant currently makes a monthly operating expense prepayment of €200, resulting in a total monthly payment of €770 according to the lease.

The homeowners’ fee as per the 2026 financial plan is €207 per month.

Apartment 2 – Back House / Top Floor Right

The second unit is located on the top floor on the right side of the back house and consists of 1 room, a kitchen, and a bathroom/WC. According to the lease, the living/usable area is approx. 30 m².

The monthly net cold rent is €280. In addition, there is a monthly operating expense prepayment of €110, so the total monthly payment according to the lease is €390.

The homeowners’ fee as per the 2026 financial plan is €106 per month. This amount is stated in the 2026 financial plan as the new monthly homeowners’ fee prepayment.

Both apartments are rented and are sold exclusively as a complete package.

The property is located in 68519 Viernheim and is therefore within the Rhine-Neckar metropolitan region.

Viernheim is immediately adjacent to Mannheim and, thanks to its location between Mannheim, Weinheim, and the greater Rhine-Neckar area, offers an attractive regional position. Mannheimer Straße is located within the established urban area of Viernheim.

Shopping facilities and daily necessities are available within the city. Due to the regional road and public transport connections, Mannheim and the surrounding economic and employment centers are easily accessible.

For capital investors, this location offers an interesting combination of an established residential area, proximity to Mannheim, and integration into the Rhine-Neckar metropolitan region.

The two apartments are located on the top floors of the front and back houses and feature different sizes and floor plan concepts.

Apartment 1 – Front House / Top Floor

• 3 rooms

• Kitchen

• Bathroom/WC

• Living/usable area as per lease: approx. 55 m²

• Rented

• Net cold rent: €570/month

• Operating expense prepayment: €200/month

• Tenant’s total monthly payment: €770/month

• Homeowners’ fee 2026: €207/month

Apartment 2 – Back House / Top Floor Right

• 1 room

• Kitchen

• Bathroom/WC

• Living/usable area as per lease: approx. 30 m²

• Rented

• Net cold rent: €280/month

• Operating expense prepayment: €110/month

• Tenant’s total monthly payment: €390/month

• Homeowners’ fee 2026: €106/month

It is important to distinguish between the homeowners’ fee and the operating expense prepayments. The homeowners’ fee is paid by the respective condominium owner to the condominium homeowners’ association or management, while the operating expense prepayments are paid by the tenants to the landlord.

The homeowners’ fee accounting documents also differentiate between allocable costs (to be passed on to the tenant) and non-allocable costs.

Energy Information:

• Energy certificate: Energy demand certificate

• Building type: Multifamily house

• Year of construction of the building: 1976

• Year of construction of the heating system: 1999

• Energy source: Natural gas

• Final energy demand: 194.21 kWh/(m²·a)

• Energy efficiency class: F

• Valid until: 16.08.2036

The two condominium apartments are exclusively sold as a complete package for a purchase price of €185,000. Both units are rented, and the existing tenancies will be transferred to the buyer.

The current total monthly net cold rent is €850, corresponding to an annual net cold rent of €10,200. Based on the offered purchase price, the calculated gross initial yield is approx. 5.51%.

Broker Commission:

The broker commission payable by the buyer amounts to €8,925, including statutory VAT. The commission is earned and becomes due upon the signing of the notarized purchase contract. There is also a commissionable brokerage agreement with the seller in the same amount.

Viewings are possible by prior appointment. Further property documents will be provided to qualified purchase applicants upon request.

All details are based on the information and documents provided by the owner, property management, and other third parties. No guarantee is given as to their accuracy and completeness. Errors, changes, and prior sale remain reserved.

Provider:

Mirdite Ramaj

Tel: 0176 76817552