House for sale • 510 m² without real estate, Baden-Württemberg

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Property Description

Property: Multifamily House

7 condominiums, 2 garages, 11 car parking spaces

Year of Construction: 1993

Renovation 2022

• All four balconies: new sloping screed with new synthetic resin coating

Renovation 2023

• Attic, right side: new plastic roof windows, complete renovation of the bathroom with a bathtub, new laminate floors

• Upper floor, right side: complete renovation of the bathroom with a bathtub

• Staircase completely repainted

• Exterior façade: new fabric render and paint

Structural Details:

• Foundation: Concrete

• Floor slabs: Concrete

• Basement walls: Concrete; brickwork for exterior walls (30 cm) and interior walls in calcium–sandstone (12/24 cm)

• Exterior walls: 30 cm brickwork with a honeycomb/elliptical perforation according to thermal insulation regulations

• Interior walls: 12/24 cm brick or calcium–sandstone, plastered

• Intermediate floors: Concrete

• Balcony railings: Concrete + iron/galvanized

• Chimney: Double flue removed (last stones under roof covering)

• Roof: Wooden framework, insulated with glass wool and tiled

• Sheet metal work: Copper downpipes and copper roof gutters

• Windows: PVC with insulated glazing

• Heating: Electric with an individual meter for each unit

• Floor coverings: Ceramic tiles in the bathrooms, hallways, kitchen, balcony, staircase, basement, laundry, and garage; in living areas the concrete screed is partially covered with carpet or laminate

• Basement partitions: Wooden grilles

• Basement doors: Steel / fire-resistant

• Garage doors: Insulated sectional shutter doors

• Water installation: Copper riser within the apartment and plastic pipes in a pipe-in-pipe system

• Stair railing: Painted iron (new 2023)

• Entrance door: New (2023), aluminum/glass

• Outdoor area: Paths paved with antique-style cobblestones (new 2021); parking areas with asphalt and green spaces

• Outdoor irrigation: Rainwater cistern made of concrete (6000 liters)

• Fencing: Metal posts and chain-link fencing (new 2016)

• Antenna system: Digital with 7/9 connections

Location

The property is located in Billigheim, a friendly and cozy municipality not far from the towns of Mosbach (12 km) and Möckmühl (12 km), as well as being in the catchment area of the larger cities Heilbronn and Neckarsulm.

Excellent transport connections allow you to reach the following cities by bus/train or car:

• 10 minutes by car: Mosbach (12 km), Möckmühl (12 km), Neudenau (6 km), Osterburken (15 km)

• 15–20 minutes by car: Heilbronn (20 km), Neckarsulm (15 km), Öhringen (45 km)

• 45–60 minutes by car: Ludwigsburg (45 km), Stuttgart (75 km), Schwäbisch Hall (50 km), Karlsruhe (85 km), Heidelberg (65 km), Mannheim (85 km), Ludwigshafen (90 km), Würzburg (98 km)

Additional nearby infrastructure:

• Airfield: Mosbach Lorbach

• Highway connections: Möckmühl, Neckarsulm, Sinsheim

• Train station: Mosbach / Mos-Neckarelz

Municipal Services (Billigheim, ca. 6000 inhabitants)

The municipal administration, medical care facilities, kindergarten, primary and secondary school (with a vocational secondary school), banks, post office, pharmacy, various shops/trades, and an active club life (with over 120 registered clubs) are all available in the town.

Rental and Ownership Details

The house is fully rented (currently generating €74,000 per year, with potential to increase to approximately €80,000 per year).

The property is in very good condition, with no pending renovations. The grounds are well maintained. Overall, the property presents a very solid, upscale impression—further enhanced by an excellent residential location. Not only is the surrounding landscape attractive, but the immediate built environment also exudes character and flair. The view stretches into the valley and out into the distance, and it is unobstructed.

Legal Status

The enclosure declaration has been completed and the subdivision of the land register into condominiums is finalized (9 land registers: 7 apartments each with one car parking space, plus 2 garages each with an additional parking space).

The future owner can sell each apartment or garage separately.

Apartment Layout

• 1 x 3-room apartment with kitchen and bathroom, 59 m² – occupied, 3 months’ notice required

• 1 x 3-room apartment with kitchen and bathroom, 56 m² – occupied, 3 months’ notice required

• 2 x 4-room apartments with kitchen, bathroom, and balcony, 84 m² – occupied by 2 tenants, 3 months’ notice required

• 2 x 4-room apartments with kitchen, bathroom, and balcony, 87 m² – occupied by 2 tenants, 3 months’ notice required

• 1 x 2-room apartment with kitchen, bathroom, and terrace, 47 m² – occupied, 3 months’ notice required

• 2 garages (double garage approx. 64 m²), currently used by the owner

Additional Spaces

• 7 x cellars/storage rooms, tiled

• 1 x laundry room, tiled

• 1 x distribution/supply room, tiled

• 1 x storage room for bicycles/garbage bins

Miscellaneous Data

• Constructed volume: 2162.58 cubic meters

• Total living area: 502 m²

• Plot size: 939 m²

Economic Details

Assuming 100% occupancy and apartment rents ranging from only €5 to €13.39 per m², plus a service charge of €100 per apartment, 11 rented parking spaces at €50 each, and 2 garages at €100 each, the current rental income amounts to €74,280 per year (with a short-term potential increase to €79,836 per year).

Seller’s Price

The seller’s asking price is €1,649,000, excluding VAT.

• Land value: 939 m² × 100 = €93,900

• Fire insurance value: €70,900 (Goldmark/1914)