Flat for sale Studio • 47 m² without real estate, Bavaria

For sale is a long-term rented 1.5-room apartment with approximately 47 m² of living space, including an underground parking space, located at 89231 Neu-Ulm, Ludwigsfeld district.

The apartment has been continuously rented since 1993 and is being sold exclusively as an investment property.

The apartment is sold in its current, occupied condition. No interior viewing can take place, and the condition is to be classified as basic. Therefore, the sale is specifically targeted at investors looking for a significantly undervalued property with long-term development potential.

The purchase price of €90,000, including the underground parking space, is well below the current market level in the area and fully takes into account the existing rental arrangement as well as the current condition.

The apartment is located in Neu-Ulm Ludwigsfeld, an established and sustainably demanded residential area within the immediate catchment area of Ulm.

The location is characterized by:

- good connections to Ulm and the city center

- existing infrastructure (shopping opportunities, public transport, schools, doctors)

- stable rentability due to the proximity to workplaces and urban infrastructure

Neu-Ulm is one of the economically strong regions in southern Germany and offers long-term stable demand for housing, particularly in the sector of small apartments.

The apartment features a classic 1.5-room layout with approximately 47 m² of living space, as well as an assigned underground parking space.

Regarding the equipment and interior condition:

- No current interior viewing is possible

- The condition is to be classified as basic/in need of modernization

- No recent modernizations are known

The purchase price fully reflects the condition and offers the buyer the opportunity, after a future tenant change, to achieve a comprehensive increase in value through renovation or re-letting.

- Current cold rent: approximately €337 per month, including the underground parking space

- Pure investment property – not suitable for owner-occupiers

- Sale is made as seen or unseen

- No liability for the interior condition

- Long-term potential for value increase due to the significant deviation from the market price

Comparative values:

The average purchase price for apartments in the area is around €3,500 per m², while this property is offered for approximately €1,900 per m² – a clear discount of around 45%.