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

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Property Description

Property: Multi-Family House

7 condominium units, 2 garages, 11 car parking spaces

Year Built: 1993

Renovation 2022

• All four balconies

• New sloping screed with a new synthetic resin coating

Renovation 2023

• Attic (right side): New plastic roof windows, complete renovation of the bathtub, new laminate floors

• Upper floor (right side): Complete renovation of the bathtub

• Staircase completely repainted

• Exterior façade: New fabric render and paint

Construction Details:

• Foundation: Concrete

• Floor slabs: Concrete

• Basement walls: Concrete / 30 cm brick masonry; interior walls: sand-lime bricks 12/24 cm

• Exterior walls: 30 cm brick masonry with a honeycomb/elliptical perforation according to the thermal insulation ordinance

• Interior walls: 12/24 bricks or sand-lime bricks, plastered

• Intermediate floors: Concrete

• Balcony railings: Concrete + iron (galvanized)

• Chimney: Double-flued removed (last stones under the roof covering removed)

• Roof: Wooden structure insulated with glass wool and tiled

• Metal work: Copper downspouts and copper roof gutters

• Windows: Plastic with insulating glass

• Heating: Electric with individual meters per unit

• Floor coverings: Ceramic tiles in the bathrooms, corridors, kitchen, balcony, stairs, basement, laundry room, and garage

• Living areas: Concrete screed (partially carpeted or laid with laminate)

• Basement partitions: Wooden lattice

• Basement doors: Steel / fire-resistant

• Garage doors: Insulated louvered sectional doors

• Water installation: Copper riser inside each apartment with a “plastic pipe-in-pipe” system

• Stair railing: Painted iron (new 2023)

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

• Outdoor facilities: Paths with antique paving (new 2021), parking areas with asphalt and green spaces

• Irrigation: Rainwater cistern made of concrete, 6000 liters

• Fencing: Metal posts and chain-link (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), and within the catchment area of the major cities Heilbronn and Neckarsulm.

The excellent transport connections make it possible 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 Infrastructure:

• Airfield: Mosbach Lorbach

• Motorway connections: Möckmühl, Neckarsulm, Sinsheim

• Train station: Mosbach / Mos-Neckarelz

In the municipality of Billigheim (approximately 6,000 inhabitants) there are the municipal administration, medical services, a kindergarten, primary and secondary schools with a vocational upper secondary school, banks, a post office, a pharmacy, various shops/trades, and an active club life (over 120 registered clubs).

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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; no outstanding renovation work is necessary. The grounds are well maintained. Overall, the property exudes a very solid, upscale impression. This is further enhanced by the excellent residential location—not only due to the scenic surroundings but also because the immediate neighborhood features properties with “standing” and flair. The view opens into the valley and continues unobstructed into the distance.

The subdivision declaration has been completed, and the land registry entries for the condominiums are finalized (9 entries: 7 apartments including one car parking space each, 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, with a 3-month termination notice

• 1 x 3-room apartment with kitchen and bathroom, 56 m², occupied, with a 3-month termination notice

• 2 x 4-room apartments with kitchen, bathroom, and balcony, 84 m² each, occupied, with a 3-month termination notice

• 2 x 4-room apartments with kitchen, bathroom, and balcony, 87 m² each, occupied, with a 3-month termination notice

• 1 x 2-room apartment with kitchen, bathroom, and terrace, 47 m², occupied, with a 3-month termination notice

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

Additional Spaces:

• 7 x one tiled cellar/storage room

• 1 x tiled laundry room

• 1 x tiled distribution/utility room

• 1 x storage room for bicycles/garbage bins

Converted Volume: 2162.58 m³

Total Living Area: 502 m²

Plot Size: 939 m²

Financial Overview:

Assuming 100% occupancy and a current apartment rent of only between €5 and €13.39 per m², plus a flat service charge of €100 per apartment, 11 rented parking spaces at €50 each, and the two garages at €100 each:

• Current rental income: €74,280 per year (with a potential short-term increase to €79,836 per year)

Seller’s asking price: €1,649,000 (excluding VAT)

Land value: 939 m² x €100 = €93,900

Fire insurance value: 70,900 Goldmarks (1914)