Flat for sale 2 bedroom • 55 m² without real estateFalkenstrasse 44 München Au Bayern 81669

Capital Investment in Münchner Au with Attractive Rental Potential

For sale is a fully renovated 2-room apartment with approximately 55 m² of living space in the Untere Au, just a few steps from Kolumbusplatz.

The apartment will be handed over unoccupied and is therefore particularly suitable for investors who wish to re-let immediately after purchase. There are already concrete rental applicants for the apartment. Two pairs of prospective tenants have signaled a possible rental at a cold rent of around €2,000 per month. With a purchase price of €448,000 plus €15,000 for the new fitted kitchen, based on a monthly cold rent of €2,000, a possible gross yield of around 5.2% is achieved.

No rental guarantee is provided. The final rental and tenant selection are at the buyer's discretion. The apartment itself has been comprehensively renovated and presents itself in a modern, immediately rentable condition. New oak parquet flooring, a modernized bathroom, a new fitted kitchen, and an efficient floor plan provide good conditions for long-term attractive rental potential. The spacious living area covers approximately 26 m². The bedroom, at approximately 15 m², also offers a comfortable size for a 2-room apartment.

Please note before your inquiry:

The apartment is located on the raised ground floor, faces Falkenstraße, and does not have a balcony. If these points are fundamentally acceptable for your decision to purchase, we would be very happy to receive your inquiry.

Equipment

The apartment has been comprehensively renovated and is in an immediately usable condition.

Overview of features

• approx. 55 m² of living space

• 2 rooms

• spacious living area of around 26 m²

• bedroom of around 15 m²

• new oak parquet flooring

• modernized bathroom

• high-quality shower with glass partition

• new fitted kitchen

• large window surfaces

• central heating

• elevator in the building

• private basement compartment

• available for immediate occupation

• no need for renovations

• sale directly from the owner

• no buyer’s commission

The new, custom-fitted kitchen is included with the apartment purchase for an additional €15,000.

Service Charges

The current service charge is approximately €500 per month. In our view, a distinction should be made between the total service charge and the actual costs retained by the owner. Part of the service charge covers allocable operating and heating costs. The apartment was previously used by a family, so in particular, the previous heating consumption cannot necessarily be transferred to future use. We will, of course, provide serious prospective buyers with the current documents from the homeowners’ association and the specific composition of the service charge.

The apartment is located in the popular Untere Au, just a few steps away from Kolumbusplatz. The location combines excellent transport connections with short distances to Munich’s city center and high recreational value. The U-Bahn station Kolumbusplatz, served by lines U1 and U2, is in the immediate vicinity. Sendlinger Tor, the main train station, and numerous other central Munich destinations are quickly accessible. Shopping options, restaurants, cafés, and everyday necessities are also within walking distance. An additional major advantage of the location is its proximity to the Isar. Spring areas, Auer Mühlbach, and the green spaces along the Isar offer high recreational value. Mariahilfplatz and Nockherberg are also in the nearby area.

For rental purposes in particular, the location connects several important factors:

• central Munich location

• excellent public transport connections

• proximity to the Isar

• high local supply

• short distances to the city center

• high demand for compact 2-room apartments

Capital Investment and Yield

Apartment purchase price: €448,000

New fitted kitchen: €15,000

Total investment for apartment and kitchen: €463,000

Assuming a cold rent of approximately €2,000 per month, the following sample calculation results:

Monthly cold rent: €2,000

Annual cold rent: €24,000

Purchase price including kitchen: €463,000

Gross rental yield: approx. 5.18%

This calculation is before ancillary purchase costs as well as before non-allocable operating costs and does not constitute a yield guarantee.

It is particularly interesting for investors that the apartment is handed over vacant. This means there is no existing old rental structure, and the buyer can determine the future rental and tenant selection themselves.

You can reach me at:

Phone: 0171-7553306

Since I live nearby, we can arrange a viewing on short notice.