Flat for sale 2 bedroom • 67 m² without real estateMannheim Wohlgelegen Baden-Württemberg 68167

PLEASE READ THE PROPERTY DESCRIPTION IN FULL BEFORE MAKING AN INQUIRY.

For sale is a well-maintained, rented one-bedroom condominium with 66.37 m² of living space, located on the second floor of a regularly maintained apartment building in Mannheim-Wohlgelegen (Neckarstadt-Ost).

The apartment comprises a living room, one bedroom, a separate kitchen, a bathroom, and two balconies. A parking space is also included in the offer and is rented out separately.

The property is particularly suitable as an investment, offering ongoing rental income and a contractually agreed stepped-rent arrangement.

PURCHASE PRICE AND YIELD

* Apartment: €222,000

* Parking space: €10,000

* Total purchase price: €232,000

* Apartment net rent: €920 per month

* Parking space rent: €50 per month

* Total annual net rent: €11,640

* Gross rental yield: 5.02%

The contractually agreed stepped rent provides for an annual increase of €25 in the apartment’s monthly rent.

MONTHLY SERVICE CHARGE

Approximately €406 per month, comprising:

* €208 in recoverable operating costs

* €100 in other non-recoverable costs

* €98 contribution to the maintenance reserve fund

ENERGY DATA

* Energy demand certificate dated 4 November 2021

* Valid until 3 November 2031

* Final energy demand: 93.0 kWh/(m²·a)

* Energy efficiency class C

The property is being sold directly by the owner, with no commission payable. Handover is possible once the purchase price has been paid in full. The existing tenancy will remain in place following the change of ownership.

LOCATION

The condominium is located in Mannheim-Wohlgelegen (Neckarstadt-Ost), a well-established district with excellent infrastructure in the immediate vicinity of Mannheim city center.

The excellent range of local amenities is particularly noteworthy. The Marktkauf/Scheck-in Center, offering extensive shopping facilities, is only a few minutes’ walk away. Bakeries, pharmacies, medical practices, and other shops catering to everyday needs are also located in the immediate vicinity.

Another advantage of the location is its proximity to University Hospital Mannheim, one of the city’s most important healthcare facilities and major employers. The hospital can be reached quickly.

The location also offers good infrastructure for families. Kindergartens, Erich Kästner Primary School, Ludwig Frank Grammar School, and other educational institutions are located nearby.

Transport connections are also very good. The Eisenlohrplatz bus stop is in the immediate vicinity. Nearby tram services provide convenient access to Mannheim city center, the central railway station, and other districts. Regional transport routes are also quickly accessible.

The combination of shopping facilities, healthcare services, educational institutions, public transport, and proximity to major employers makes this an attractive location for both owner-occupiers and investors.

FEATURES AND MODERNIZATIONS

The apartment is in a well-maintained condition consistent with its age.

Modernizations carried out in 2008/2009:

* Hot and cold water pipes within the apartment completely replaced

* Floor tiles in the bathroom and hallway replaced

* Laminate flooring installed

* Wall and ceiling surfaces refurbished

Additional work:

* 2025: New apartment entrance door

* 2025: Two radiators replaced

* 2025: Bathroom floor retiled

* 2026: Four new interior doors

No modernization work has been carried out on the electrical installation.

Minor cosmetic work is still required on some wallpapered areas. By agreement, this work will be carried out by the tenants themselves.

BUILDING FEATURES

* Apartment building with commercial units

* Second floor, no elevator

* District heating

* Energy efficiency class C

* Roof in good condition

* Common property regularly maintained

COMMON PROPERTY AND RESERVES

The owners’ association comprises approximately 18 residential units and three commercial units.

* 2025: Risers in the relevant building entrance completely replaced

* 2026: Potable water supply system renewed

* 2027: Replacement of the risers in the neighboring entrance and rear building has already been approved; to be financed from the maintenance reserve fund

At the end of 2024, the common maintenance reserve fund amounted to slightly more than €60,000. The renewal of the potable water supply system, costing just under €30,000, was financed from this fund. The reserve is being continuously replenished.

There are currently no known special assessments. To the owner’s knowledge, there is no backlog of maintenance work. Apart from the measures already approved, no other major modernization work is currently known to be planned.

SALE AND VIEWINGS

Private sale directly by the owner, with no buyer’s commission.

Viewings are available by appointment only and for prospective buyers with a serious interest in purchasing. Out of consideration for the tenants, we wish to avoid viewings by people with no genuine intention to buy.

Price offers submitted before a viewing will not be considered.

INQUIRIES FROM ESTATE AGENTS AND OFFERS OF BROKERAGE SERVICES ARE EXPRESSLY UNWANTED.

TAX INFORMATION

In principle, the existing building may qualify for straight-line depreciation of 2% per year on the depreciable portion attributable to the building. Buyers must assess their individual tax treatment independently.

LEGAL INFORMATION

This listing is provided for non-binding informational purposes only and does not constitute a legally binding offer of sale.

All information has been provided to the best of the owner’s knowledge and on the basis of the available documentation. No warranty beyond statutory obligations is given as to its accuracy or completeness. Statutory liability claims, particularly in cases of fraudulent misrepresentation, remain unaffected.

The stated gross rental yield is based on the current rental income and the total purchase price, before ongoing ownership costs and ancillary acquisition costs. It does not constitute a guarantee of future returns.

The provisions of the notarized purchase agreement shall be decisive. Errors and prior sale reserved.