Flat for sale 1 bedroom • 42 m² without real estateOtto-Hahn-Str. 13, , Lower Saxony

For sale is a well-maintained and reliably tenanted one-room apartment with approximately 42 m² of living space on the 3rd floor of a multi-family house in Laatzen.

The apartment is particularly suitable as an investment property and is sold directly by the owner without any brokerage commission.

Rental Agreement

The apartment has been rented on an open-ended basis since August 15, 2022.

Net cold rent: €420 per month

Annual net cold rent: €5,040

Advance operating costs: €67

Advance heating costs: €80

Total rent: €567 per month

The tenancy is running reliably, and there are no rental arrears.

Service Charges and Ongoing Costs

The monthly service charge currently amounts to €291.

Of this:

€210 is allocable (passed on to the tenant)

€81 is non-allocable, including €45 allocated to the maintenance reserve

Thus, a significant portion of the service charge is passed on to the tenant as ancillary costs.

Additionally, for the 2024 billing year, the apartment recorded a credit in the service charge statement.

Solid Maintenance Reserve

As of December 31, 2024, the condominium owners’ association held a maintenance reserve of €205,887.36.

In recent years, various maintenance and modernization measures have been carried out on the building, financed from existing funds.

According to current knowledge, no major measures or special assessments have been approved at this time.

Apartment and Building

The apartment has always been well maintained and is in a well-kept, fully functional condition.

Among other measures, various works have already been carried out on the building or within the residential complex, including work on windows, the front door, and water meters.

An elevator is available, providing comfortable access to the 3rd floor.

The management of the condominium owners’ association has been handled by Lange Immobilienmanagement since January 1, 2025.

Attractive for Investors

• Already rented

• €5,040 annual net cold rent

• Existing, open-ended rental agreement

• Reliable rental payments

• Maintenance reserve of over €205,000 in the owners’ association

• No major measures or special assessments currently approved

• Majority of the service charge is allocable

• Elevator available

• Well-maintained condition

• Direct sale by the owner

• No brokerage commission

The complete documentation—including the rental contract, energy certificate, service charge statement, reserve development, and minutes of the owners’ meetings—can be provided upon serious buying interest.

Viewings are possible by appointment.

I look forward to inquiries from serious buyers.

This condominium is located in an absolutely quiet area of Laatzen, favored by green spaces and excellent infrastructure.

Location & Rentability:

• Good connection to public transportation

• Quick access to Hanover

• Local amenities such as shops, medical practices, and supermarkets

• Approximately a 3-minute drive to the trade fair

The combination of the micro-location, apartment size, elevator, and proximity to the trade fair ensures excellent re-rentability, making it particularly appealing to singles, commuters, and students.

Advantages for Investors at a Glance

• Rented unit – immediate cash flow

• Elevator – a significant location and rental advantage

• Attractive purchase price under €85,000

• Good gross yield and market-oriented net yield

• Proven residential area in the Hanover region

• Low management and leasing risk

No broker inquiries (these will be ignored), so please save yourself the time!