House for sale • 335 m² without real estateKarl-Otto-Braun-Str. 32 Ludwigshafen Oppau Oppau Rheinland-Pfalz 67069

We are parting ways after more than ten years with this beautiful, charming old building from 1955. Only recently, we had the roof renewed—with five dormers and added insulation—as well as the facade. Inside, several renovations have been carried out. The building contains three separate apartments. On the ground floor and the first floor, each apartment offers 130 square meters of living space with a large balcony. In the attic, there is an apartment of approximately 75 square meters featuring the five dormers and a new gas-fired individual heating system. All the apartments are fully rented and yield a net rental income of €32,000 per year, which corresponds to about a 4% return relative to the purchase price of €800,000. On the 450-square-meter property, there are two garages and additional parking spaces in front. The surrounding garden is maintained by the tenant of the ground floor apartment.

We are happy to speak with genuine interested parties who are not looking to haggle over the price from the outset. The building is very appealing to both investors and owner-occupiers. Inquiries from brokers are not welcome.

The property is located at Ostring, corner Karl-Otto-Braun-Str. 32. Opposite the building, there are parks for relaxation. The town center of Oppau is just a 5-minute walk away, and the balconies face southwest.

The fittings are of high quality, though not overdone. All the windows are made of plastic and equipped with insulated glass. The heating for the larger apartments is oil-based, using a Buderus burner located in the hallway, which supplies heat to three tiled stoves. It is a very pleasant and economical heating system.

One might consider a heat pump once our government finally reaches a conclusive decision.

We are the private owners of this house and rent it out privately.