Flat for sale 3+1 • 68 m² without real estateWeststraße Heilbronn Heilbronn Baden-Württemberg 74072

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For sale is a well-maintained 3-room apartment in a central location in Heilbronn, featuring a lovely balcony. The apartment is currently rented to the City of Heilbronn. The tenancy can be assumed or terminated with a 3-month notice period – either for owner occupancy, re-letting, or renovations. If desired, the current owner can also terminate the existing tenancy on behalf of the tenant until the notarization is completed. The current cold rent amounts to €590.

Therefore, the apartment is ideal for owner occupancy as well as a long-term investment.

With energy efficiency class C, a gas central heating system, and almost new windows, the building is well-prepared for the future. Currently, no special assessments/renovations, etc., are planned. The building’s reserves currently amount to approximately €100,000, of which €5,000 is allocated to the apartment.

The apartment is located in a well-maintained multi-family house with a total of 16 units. The monthly service charge is €247 – of which €123 can be passed on to the tenant. Of the remaining €124, €75 goes towards the reserve fund while €49 covers non-reimbursable costs.

Investment property:

The apartment is perfectly suited as an investment and has a yield of 4.05%. With bank financing, the rental income can almost cover the credit installment. With a 100% financing of the purchase price (approx. 3.5% interest and 1.0% amortization), a monthly rate of about €650 is debited. With renovation/re-letting, a cold rent of approximately €750-800 can be achieved. Alternatively, the apartment is also suitable as a 3-person shared flat, potentially generating even higher cold rent.

The apartment is located in Weststraße in Heilbronn – a central yet quiet residential area with ideal infrastructure. Shops, supermarkets, doctors, pharmacies, cafés, restaurants, schools, and kindergartens are found in the immediate vicinity and are within easy walking distance.

Excellent bus and train connections are also available: The city center and Heilbronn main station can be reached in just a few minutes, making it ideal for commuters, students, and professionals.

Especially attractive: Heilbronn University is also only a few minutes away. This makes the apartment ideal for renting to students or university staff, an additional plus for investors.

The combination of a central location, an urban environment, and high living quality makes Weststraße one of the most sought-after addresses in Heilbronn, both for owner-occupiers and for renters.

- Currently rented to the City of Heilbronn with a secured cold rent income of €590 (friendly family that speaks German)

- Option for owner occupancy or new letting after a 3-month termination notice

- Sale includes a fitted kitchen with stove, dishwasher, and extractor hood

- Sale does not include a parking space, but public parking spaces are available nearby

- Nice east-facing balcony of approximately 5 m²

- Bathroom includes a shower, washbasin, and WC (in need of renovation)

- Well-maintained laminate and tile flooring

- Convenient washing machine connection in the kitchen

- Separate basement storage room on the lower floor

- Fast internet connection (up to 100 Mbit/s download)