Flat for sale 1 bedroom • 37 m² without real estate, Saarland

This furnished apartment in a multi-family building, offered with a gross rental yield of 6.5%, comprises 18 units, including 16 apartments and 2 commercial units on the ground floor. The building spans four floors—excluding the attic and basement—and is fully basemented. The living area is 56.14 m². It was built in 1959 and stands on a 654.2 square meter plot. The energy consumption is 114 kWh per square meter per year, which corresponds to energy efficiency class D.

The apartment is leased on a medium-term basis to business travelers and students. In the past, rental incomes—including vacancies—of approximately €15 per m² were achieved. For a longer-term furnished rental, sustainable rents of €12 per m² are possible. This corresponds to a rental yield of 6.5%.

In addition to the apartment on offer, there are further already rented apartments for sale in the building.

The structural condition of the building is good, with no outstanding maintenance issues. The roof dates from the original construction and is lightly insulated, with no need for renewal. The facade was freshly painted in 2014. The oil central heating system was installed in 2017, and the Class A circulation pump was renewed in 2023. Hot water is provided decentrally by gas and electric water heaters.

The apartment represents an attractive investment opportunity, offering a solid yield and being in good structural condition with no immediate need for maintenance. The property is located in 66115 Saarbrücken, in the Malstatt district. This location is characterized by its central yet quiet setting. In the immediate vicinity, various shops, restaurants, and cafés are available to cover everyday needs. Public transportation is excellent, with the Saarbahn stop at Turnerstraße and several bus stops nearby providing quick connections to Saarbrücken’s main train station and other districts.

Ludwigstraße itself is a quiet residential street, lined with well-maintained multi-family houses and small commercial establishments. The nearby Malstatter Market offers additional shopping opportunities and a vibrant atmosphere. Several parks and green areas in the vicinity provide ample options for leisure and recreational activities.

Overall, the property’s location offers an ideal combination of urban living and a peaceful residential atmosphere. The building, constructed in 1959, is in good condition with no maintenance backlog.

The windows are made of double-glazed PVC and are in good condition. The roof, dating from the year of construction, is lightly insulated with no need for renewal. The oil central heating system was installed in 2017, and in 2023, the Class A circulation pump was renewed, further enhancing energy efficiency. Hot water is provided decentrally via gas water heaters, ensuring a constant supply.

The building is fully basemented. There are individually lockable storage spaces for each residential unit, as well as 2 separate basement rooms for the two commercial units.