Below is the English translation of the text between the tags:

The multi-family house is located in a quiet and highly sought-after residential area in Karlsruhe-Mühlburg, a prime location, on a purely residential street with excellent connections:

• S-Bahn stop “Feierabendweg” about 200 m away (right on Siemensallee)

• About 900 m to the Municipal Hospital Karlsruhe

• About 2.5 km to Karlsruhe University of Applied Sciences

• About 4 km to Karlsruhe University

The building was constructed around 1955 and converted into condominium ownership (WEG) in 1981. It consists of 6 residential units and is fully basemented. The condominium organization is clearly structured, well-maintained, and functions harmoniously.

Construction & Technology

• Solid brick construction with reinforced concrete ceilings

• Pitched roof with tile covering, insulated

• Insulated top floor ceiling (approximately 70 cm mineral wool)

• Roof slopes insulated with Heraklith panels and mineral wool

• Left side facade energetically renovated with an external thermal insulation composite system (ETICS) (10 cm)

• New gas central heating system with central hot water supply (Viessmann, 2013)

Communal Facilities

• Laundry room with access to the garden

• Bicycle storage shed in the garden

• Each apartment has its own basement storage compartment

• Communal garden at the back of the house

Ownership Structure

• 1 apartment occupied by the owner

• 2 apartments owned by various investors, each rented out

• 3 apartments belong to one investor, who is now selling all 3. Included is the exposé for the one you are currently reading.

• In addition, the investor is also selling the apartment on the 2nd floor, left (rented out, in need of renovation) and the apartment on the 2nd floor, right (fully renovated, vacant).

• Thus, it is currently possible to acquire 3 residential units (50%) in the same building. For example, 2 x 2-room apartments for owner-occupation and, if desired, the 3rd apartment as an investment property or even with the possibility of further owner-occupation through termination for own use.

• In the course of the sale, the investor is also relinquishing his mandate as the administrative advisory board member, and new owners have the opportunity to actively contribute to the condominium community.

• The sale of the 3 units is taking place because the investor plans to reinvest the capital from the sale into other real estate projects in order to use equity as leverage again.

• This offer represents a unique opportunity in the real estate market – acting quickly is worthwhile.

• Clearly regulated responsibilities (windows, balconies = separate property)

• Quiet residential street with plenty of greenery, family-friendly

• 200 m to the S-Bahn stop “Feierabendweg” (Siemensallee)

• 900 m to the Municipal Hospital Karlsruhe

• 2.5 km to Karlsruhe University of Applied Sciences

• 3 km to Siemens Karlsruhe, 4.1 km to Karlsruhe University

• 2 children’s playgrounds 500 m away

For sale is a very well-proportioned 2-room apartment (1st floor, right) with approximately 55 m² with a balcony in a well-maintained 6-family house at Feierabendweg 15, Karlsruhe-Mühlburg. Prime location.

Layout of the Apartment

• Room 1: 14.70 m²

• Room 2: 12.80 m²

• Kitchen: 16.80 m²

• Bathroom: 4.35 m²

• Hallway: 4.00 m²

• Balcony (calculated at 50%): 3.20 m²

Highlights of the Apartment

• Complete core renovation in 2024 and 2025

BATHROOM / COMPLETE WATER SUPPLY

○ The water system with all hot and cold water pipes was completely renewed from the basement along the entire right side of the building (sewage and heating were not redone, as they are in good condition)

○ That is, the ground floor apartment, the 1st-floor apartment, and the attic apartment on the right side

○ The layout of the bathroom was changed, a large shower tray measuring 90 cm x 90 cm was installed (with a steel tray)

○ This resulted in an enlargement at this point by a new dry-wall partition in the kitchen

○ The ceiling was dropped using drywall with LED spotlights installed

○ A Geberit concealed cistern was installed

○ A modern heated towel rail was installed

○ New, high-quality sanitary fixtures from Grohe and Villeroy & Boch were installed

○ Additionally, a washing machine connection was prepared in the bathroom (if one does not want to use the common laundry room in the basement; there each apartment has its own space with separate water and electricity meters)

○ New bathroom tiles throughout (walls and floor)

○ Bathroom with a window

KITCHEN

○ Directly adjacent to the bathroom, the water pipes for the kitchen behind the wall were also renewed

○ The kitchen, of course, received a new tiled backsplash (60 cm x 60 cm in gray)

○ A new IKEA kitchen with high-gloss white lacquer fronts and a new Siemens 4-burner stove with oven was installed

○ The extractor hood is vented to the outside

○ The floor tiles in front of the kitchen (60 cm x 60 cm in gray) were also newly laid (and are identical to those in the hallway and on the walls of the bathroom; note: the gray tiles are floor tiles)

○ New flooring in all rooms (high-quality laminate & tiles)

○ New interior doors

• All windows and the complete electrical installation were renewed in 2020; the electrical system was adapted and revised during the renovation by a German electrical firm

• Now, all doors have been newly replaced (same design)

• New, uniform laminate flooring was laid in all rooms

• The highlight of the apartment is the beautiful (unsanitized) balcony facing Feierabendweg, oriented to the southwest. This orientation offers pleasant sunlight in the afternoon and evening.

• The view through the windows to the backyard with its expansive garden is a dream

• No external shutters (only interior blinds), radiators painted, mostly new wallpaper, apartment completely repainted

• The apartment was rented out furnished by the owner as part of a special rental arrangement. Therefore, there is a TV connection in each room on the wall and plenty of power outlets everywhere.

Building Description

• Year of construction: circa 1955, conversion into condominium ownership: May 25, 1981

• Solid construction using Poroton brick masonry (30 cm) and reinforced concrete ceilings

• Pitched roof with dormers

• 6 residential units, identical floor plans per floor

• Fully basemented, allocated basement room No. 3 according to the plan (12.7 m²)

• Common laundry room in the basement with a back door directly to the garden (separate water and electricity connection for each apartment)

Garden & Outdoor Area

• Shared garden directly behind the house, available to all

• Adjacent: a spacious private garden (not part of the condominium ownership – not owned by the condominium, but offers a view of the greenery), which will probably never be developed, as it is designated as a garden plot with a garden house and has no access road

Energy Measures & Building Condition

1. Roof Slopes

• Cladding with Heraklith panels (wood wool lightweight panels, A2, asbestos-free)

• Additional mineral wool insulation underneath

2. Top Floor Ceiling (attic floor)

• Full-area insulation with approximately 70 cm mineral wool

• Significant energy savings, no need for retrofitting according to the GEG

3. Left Facade (gable side)

• External thermal insulation composite system with approximately 10 cm insulation

4. Heating

• Modern gas central heating system (Viessmann, built in 2013) with central hot water preparation

• No need for replacement as per GEG

5. Roof

• Roof inspection scheduled for 2025 by a German roofing company

• Defective tiles were replaced

• No renovation needed; the roof is in good visual and technical condition

Conclusion on Building Condition

• No asbestos according to inspection and construction method

• Excellent condition for the building’s age

• Ideal conditions for maintaining value, increasing rent, or owner-occupation

Declaration of Division & Condominium Structure

• Apartment: 150/1,000 co-ownership shares

• Plot: 8757/20 with 1,006 m² of land

• No parking space included – free parking in front of the house

• All apartment windows and balconies were already defined as separate property by the condominium association resolution in 1992 (a decisive advantage during modernizations since the costs are borne by the apartment owners)

• Radio (wireless) meters for water and heating are installed in each of the 6 apartments

• Sale directly from the owner – no agent involved

• Energy performance certificate will be provided at the viewing

• No maintenance backlog for the building, low ancillary costs

Low Operating Costs Through Communal Organization

• The staircase cleaning is carried out on a weekly rotational basis by the residents floor by floor

• No caretaker service: garden maintenance and trash placement are handled by the condominium owners themselves

• No condominium contract for TV. Satellite dish on the building’s facade, which also supplies the 2nd-floor apartment with cables

Management & Organization

The management of the condominium community is now handled by a new external property management company. The previous management was replaced due to the owner’s age, as documents such as statements and financial plans had not been provided in a timely manner lately.

Portfolio Adjustment / Rebalancing

The 3 apartments for sale are owned by a regional, family-run real estate investment company. As part of a strategic realignment of the large portfolio, individual units are now being selectively sold, including these – particularly the ones that are vacant and freshly renovated.

• Sale directly from the owner – no agent involved

• Energy performance certificate will be provided at the viewing

Real estate agent inquiries are not desired! According to § 7 UWG, unsolicited contacts by agents without the explicit consent of the recipient are prohibited!