House for sale • 1500 m² without real estate, Baden-Württemberg
, Baden-WürttembergPublic transport 1 minute of walking • Lift • ParkingSummary:
- Sale price: €1.28 million
- Rentable residential area: 803 m² => Sale price corresponds to approximately €1,590 per m² of living space
- Annual net cold rent: approx. €100,000 p.a. => Sale price corresponds to a multiple of 12.8 or a 7.8% gross initial yield
- Additional potential for conversion and expansion (approx. 350 m²) available
- No commission – direct from the owner
The property on offer is an attractive residential building located in the best residential area of Bad Mergentheim. Quiet yet central and predominantly facing south, tenants can enjoy sunlit rooms and a unique view over Bad Mergentheim from their apartments.
The 9 apartments in the property, most of which feature a balcony or terrace, are currently all rented out and generate an annual net cold rent of approximately €100,000.
The building was constructed in two phases during the 1970s/1980s and has been continuously maintained. As a result, the property features two separate entrances.
In 2022, extensive renovation work was carried out in several apartments (including the renewal of flooring and the refurbishment of bathrooms in six apartments, replacement of windows in five apartments, and installation of a new electrical connection with a low-voltage main distribution board). A few apartments remain in their original condition (from the 1990s, see photos).
In the short to medium term, investments will need to be made to maintain the well-kept condition, particularly regarding the roof—up to approximately one and a half years’ worth of rent.
In addition, there is an opportunity to create further apartments by converting previously unused space. With a manageable effort, two apartments of 50 m² living area each can be realized (with the room layouts essentially already in place; interior finishing including bathrooms necessary/outstanding), and with a bit more work, two to three apartments with a total of up to 250 m² living area (including a terrace with an extraordinary view over Bad Mergentheim and the surrounding area) can be created.
Moreover, building permits allow for the extension of the property on the existing plot.
The property is located in an upscale and quiet residential area in the spa town of Bad Mergentheim. It is close to the city center, which offers all important local amenities.
Within walking distance of the property you can easily reach public transport, as well as doctors, restaurants, cafes, bakeries, and further shopping opportunities. In the immediate vicinity, you will also find the Residenzschloss, the beautiful spa park, and playgrounds.
- Heating via district heating
- Most apartments are equipped with fitted kitchens or kitchen units
- Two elevators available (TÜV-tested and maintained)
- Fiber optic connection available
Property characteristics
| Listing ID | 941491 |
|---|---|
| Condition | After reconstruction |
| Age | Over 5050 years |
| Price per unit | €853 / m2 |
| Usable area | 1,500 m² |
|---|---|
| EPC | F - Very uneconomical |
| Total floors | 4 |
What does this listing have to offer?
| Balcony | |
| Parking | |
| MHD 1 minute on foot |
| Terrace | |
| Lift |
What you will find nearby
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