Flat for sale 4+1 • 86 m² without real estateAm Gehlenberg 1, , Saarland

This generously sized condominium is located on the ground floor of a well-maintained multi-family building from the 1960s in Saarbrücken-Dudweiler. With around 86 m² of living space, four practical rooms, and a loggia, it offers a versatile concept that appeals to both owner-occupiers and investors.

The residential building consists of a total of 50 units and is presented in good overall condition. Access to the building is designed to be barrier-free, thanks to a ramp and an elevator. The apartment includes a separate basement storage room that provides additional storage space.

The apartment is well maintained but offers potential for a modern renovation, allowing for the realization of personal living ideas or a contemporary rental concept such as shared housing for students.

Free parking spaces are available to residents within the complex.

As of December 31, 2024, the condominium association holds a reserve of a total of €299,609. It is also notable that the building’s façade is already insulated and equipped with double-glazed plastic windows.

The monthly service charge is composed as follows:

- Allocable costs (including heating and water): €246

- Non-allocable costs: €47

- Reserves: €102

- Total: €395

Private sale – you save €6,033 in broker commission.

Rental potential:

With traditional renting, a cold rent of €860 per month yields a return of approximately 6.1%.

Alternatively, the layout and location are ideal for a shared housing concept, as the apartment can be converted into 4 shared housing rooms with simple modifications. An example calculation as well as a proposed floor plan for a potential shared housing concept can be found in the accompanying images/attachments.

The apartment is located in the “Am Gehlenberg” residential area in the Dudweiler district, an established and in-demand part of Saarbrücken, the state capital. The surroundings are characterized by residential buildings and green spaces, providing a quiet living environment.

A key advantage of the location is its proximity to Saarland University, which is reachable within a short time. This makes the apartment particularly suitable for students, university staff, or shared housing groups. Shopping facilities, medical services, schools, and kindergartens are available in the district. Additionally, the connection to the regional transport network and public transportation is excellent, ensuring quick access to both the city center and surrounding regions.