House for sale • 824 m² without real estateMünchen Maxvorstadt Bayern 80333

Rare Investment Opportunity in Prime City Center Location

APARTMENT BUILDING WITH 24 UNITS · FULLY OCCUPIED · NO COMMISSION

Purchase Price: €8,427,250

An exceptional income property in one of Munich’s most sought-after city center locations: 24 apartments, established commercial space, parking spots, elevator, and approximately 823.60 m² of leased area on a roughly 339 m² plot.

The standard land value as of January 1, 2026, is stated at €11,800 per m², resulting in a land value of €4,000,200.

Fully leased. No vacancies. Rent default risk nearly 0%. Completely renovated to core standards. No deferred maintenance.

Further rental increases are achievable.

Gross rental yield approx. 3.5%

Net rental yield from January 2027 approx. 3% (assuming non-recoverable costs of €36,000 p.a., currently near €0)

Purchase price factor: 29.1

Current Market Figures for Munich*

Gross rental yield: 2.0% to 3.0% on existing properties

Net rental yield: 1.5% to 2.2% after costs

Purchase price factor: 35 to 45 times cold annual rent

Average city center price: approx. €9,500 to €11,500 per m²

*(Source: Numera Vision)

Built in 1956, the building was comprehensively renovated to its core in 2004/2005 and has been continuously modernized since. The elevator, building services, pipes, bathrooms, windows, façade, and roof have all been renewed or modernized. Further investments were made in 2026.

HIGHLIGHTS AT A GLANCE

• 24 apartments with high demand

• Approximately 823.60 m² leased area

• Retail space: Office with approx. 68.60 m² plus a courtyard area of about 185 m², including around 118 m² covered serving 7 car and 4 motorcycle parking spots

• 12 spacious balconies

• Elevator

• Fiber optic connectivity

• District heating

• Fitted kitchens in all apartments

• Fully leased

• Waiting list with currently 9 rental applicants

• Extremely low vacancy rate for years

• Not in a conservation area

• No monument protection

• Commission-free sale by the owner

ATTRACTIVE INCOME PROSPECTS

The cold rent has been approximately €279,000 p.a. since September 1, 2026, and will increase to around €288,000 in January 2027.

With appropriate further development, a rental potential of around €370,000 p.a. is realistic.

18 apartments have graduated rent contracts and another 6 are under indexation contracts. The long-term commercial lease is also indexed from 2027.

A LOCATION THAT EXPLAINS THE DEMAND

Königsplatz and Stiglmaierplatz are only a few minutes’ walk away. The main train station, subway, tram, and bus are easily reachable.

Universities and colleges such as TUM, TUM School of Management, the University of Television and Film Munich, and the University of Music and Performing Arts Munich are in the immediate vicinity.

Cafés, restaurants, supermarkets, museums, and the entire urban offering of Maxvorstadt are virtually at your doorstep.

This location makes the compact apartments particularly attractive for students and young professionals.

A RARITY FOR CAPITAL INVESTORS

Central Munich city center location. Fully leased apartment building. Long-established rental structure. High-quality property. Further income potential.

€8,427,250 · COMMISSION-FREE · DIRECTLY FROM THE OWNER – NO BROKER INQUIRIES

According to § 7 UWG, unsolicited contacts by brokers without the explicit consent of the recipient are prohibited!

Takeover by arrangement – Proof of financing required

3 GENERAL QUESTIONS ABOUT THE MUNICH REAL ESTATE MARKET*

Is it still worthwhile to invest in real estate?

Yes – Munich offers a rental yield of 2.8–3.5% plus a value increase of 3–4%, together a total yield of 6–7% with virtually zero vacancy. No other tangible asset provides the leverage effect of credit, tax advantages through depreciation, and simultaneously physical ownership.

How is the real estate market in Munich developing?

After the interest rate adjustment in 2023/24, it is stabilizing.

2026: a moderate rise of 2–4% annually.

Drivers: Apple, Google, BMW, Siemens locations, over 200,000 open positions,

Limited building land,

0.3% vacancy.

Long term (10 years): +30–50%.

Munich remains Germany’s safest real estate market.

What does this mean for investors?

Lower yields compared to other cities (2.8–3.5% gross)

Highest safety and value increase (+3–4% per annum)

The overall yield is 6–7% – comparable to a global equity ETF,

But with credit leverage, tax advantages, and a physical asset.

* Sources: Munich Appraisal Committee, Bundesbank, IVD Süd, Transaction Data FT Immobilien 24