Flat for sale 4+1 • 140 m² without real estateRitterstr 24 Karlsruhe Südweststadt Baden-Württemberg 76137

**5.01% Current Gross Yield – with Potential Around 6%**

A fully rented, furnished investment property in central Karlsruhe, just a few steps away from the Nymphengarten.

**THE NUMBERS**

- Purchase Price: €479,000

- Cold Rent: €2,000/month · €24,000/year

- Current Gross Yield: **5.01%**

- Purchase Price Multiple: 20

- Price per Square Meter: **€3,424/m²** on 140 m²

**THE ADVANTAGES**

- Four spacious, furnished shared-occupancy rooms with approximately 20 m² each

- Fully rented – ongoing rental income

- Modernized and furnished in 2026

- Expansive common areas

- District heating and energy efficiency class D

- Central inner-city location with park, public transport, and nearby amenities

- Attractive price per square meter

- Additional tax potential through depreciation (AfA) and a shorter remaining useful life

**FURTHER YIELD POTENTIAL**

With a future cold rent of €600, the gross yield would be **6.01%**

An established investment with ongoing income, a generous living concept, and additional development potential.

Karlsruhe-Südweststadt – Karlstor & Nymphengarten

A central inner-city location right at Karlstor, just a few steps away from the Nymphengarten.

Excellent tram and light rail connections. Shops, restaurants, doctors, and green spaces are within walking distance.

The proximity to the city center and Karlsruhe’s universities makes the location especially attractive for students and professionals.

Urban living with short distances and high location quality – ideal conditions for a furnished shared housing investment.

Modernized and Furnished (2026)

- 4 spacious, furnished rooms of approximately 20 m² each

- Bed and desk provided in each room

- Generous common area with dining space

- Fitted kitchen

- Bathroom with shower and separate WC

- Washing machine and dryer

- Laminate and tiled floors

- Characterful hallway with decorative tiled floor and compass rose

- Separate basement room (approx. 8 m²)

- District heating

- Energy efficiency class D (111 kWh/m²a)

Spacious layout, complete furnishing, and an already established shared housing concept.

Legal and Tax Potential

The change of use to residential space for short-term rentals was approved on 21.07.2026. The homeowners’ association has initially allowed short-term student rentals on a trial basis.

INTERESTING DEPRECIATION (AfA) POTENTIAL FOR INVESTORS

The following figures are based on a non-binding model calculation.

At a purchase price of €479,000, assuming 8% acquisition costs and an estimated building proportion of 85%, the depreciation base is around €440,000.

Possible Depreciation Scenario:

Regular building depreciation (2%): approx. €8,800 per year

Accelerated depreciation with a 25-year proven remaining useful life (4%): approx. €17,600 per year

Additional depreciation: approx. €8,800 per year

Calculated tax relief at a 42% marginal tax rate: approx. €7,400 annually from the entire building depreciation

(--> You pay €7,400 less in taxes, or receive €7,400 back :) – every year!)

In Year 1, an additional tax refund of €5,000 is available due to the furnishing.

We are happy to explain the calculations further and assist you in reviewing them together with a qualified appraiser and your tax advisor.

Further documents and viewings are available upon request.