House for sale • 163 m² without real estate, Baden-Württemberg

Below is the English translation of the text enclosed by the tag:

Unfortunately, there were financing issues; therefore, we are once again offering our multi-family house with 3 separate apartments for sale without an agent:

3 separate apartments, living area on the ground floor approx. 61.22 m²,

1st upper floor approx. 61.22 m², attic approx. 40.84 m²

Terrace area on the 1st upper floor: approx. 22.75 m²

Garage area: approx. 55.8 m²

Parking space area: approx. 40.42 m²

Total living area: approx. 163.28 m²

Plot size: approx. 315 m²

The house is fully basemented.

Building Structure:

Year of construction: Residential building in 1955

Extension (terrace / utility room) in 1958

Fixtures: Standard quality

Type of heating: Oil heating, low-temperature boiler, exempt from the replacement obligation.

Plot:

This is a plot of about 315 m², on which a three-family house with a footprint of approx. 83.17 m², an attached, covered entrance area with an adjacent utility room with a footprint of approx. 22.75 m², as well as on the 1st upper floor a covered terrace with a footprint of approx. 22.75 m², a garage of approx. 55.8 m² and a parking space of approx. 40.42 m² have been built. In addition, there is a smaller, cozy lawn area.

There is no development plan for this plot, so building expansions or the construction of an additional residential building are possible.

In addition, a building easement is registered. This allows the possibility to build an adjacent new building right up to the boundary of the neighboring plot.

The Residential House:

The house was built in 1955 with stone walls. The ceiling from the basement to the ground floor is made of concrete. The ceilings from the ground floor to the 1st upper floor and from the 1st upper floor to the attic consist of wooden beams. In 1958, the residential house was extended with an annex (terrace, utility room, vestibule). In 1958, a dormer was added in the attic—one in the bedroom and living room and one in the kitchen/dining room.

The residential house is in good condition considering its age. It has been well maintained over the years and is therefore not “run-down.” However, minor repair work is necessary. As far as we can see, the roof beam structure is very well preserved.

On the ground floor and the 1st upper floor, there is a 2 1/2-room apartment each, with a kitchen/dining area, a bathroom/toilet, a living room and a bedroom, and a small storage room.

Both apartments have about 61.22 m² of living space each and can be used or rented separately. On the 1st upper floor, there is a covered terrace. The terrace, with an area of about 22.75 m², offers a chance to create a cozy space. The apartment on the 1st upper floor has been newly renovated. The entire electrical system was completely renewed, and the walls were freshly papered and painted. The tile backsplash in the kitchen was replaced. The renovation work is now complete. Laminate flooring is installed throughout the apartment. In the kitchen, there is a fitted kitchen.

The apartment on the ground floor was modernized in 1985. The hallway and kitchen/dining area were tiled, the living room received a real wood package, and laminate was installed in the bedroom. All rooms were equipped with wood ceilings. The entire electrical system was renewed in 1985. The shower/toilet was newly tiled in 2021, and the shower tray and hand basin were replaced.

In both the ground floor and the 1st upper floor, heating pipes were installed in each room in 1985, each with its own radiator. The windows were renewed.

Garage:

The space in the attic has been designated since 1955 as an apartment with a living area of about 40.42 m² according to the floor plan and can therefore be used as a fully functional residential unit after renovation work and the installation of electrical, heating, and sanitary systems. The garage was newly built in 1983 and has an area of about 55 m².

The floor was tiled at that time. In 2021, the ceiling was newly insulated, clad with plasterboard, and repainted. At the same time, the electrical wiring and the fuse box were renewed. Due to the size of the garage, it is an ideal retreat for hobbyists.

The house is located in Rettigheim, which has just under 900 inhabitants. It is a beautiful and quiet residential community, surrounded by forest and vineyards. Within a few minutes, you can enjoy the nearby forest on foot.

Rettigheim has a bakery and a small grocery store. Both shops are reachable on foot in less than 5 minutes.

Within a few minutes, you can reach Rauenberg, Wiesloch, or Östringen, where additional shops for daily needs can be found. In the neighboring community of Rauenberg, there is direct highway access to the A6/A5.

In 2022/23, the entire street and sidewalk were renovated. In this context, fiber optic cables were installed in the street.

My partner and I had intended to renovate/refurbish the property on our own and then rent it out. I am now 66 years old, and frankly, this project is becoming overwhelming. As a homeowner, you are never without work. Normally, it is also fun. But unfortunately, for health reasons I can no longer take care of the little details.

Advantages of the Property:

The property offers various advantages. Since it is a multi-family house with 3 apartments (with living areas of approx. 40.84 m² and approx. 61.22 m²), the apartments can be rented out. The apartment on the ground floor and the one on the 1st upper floor are already prepared for rental. The attic apartment, as mentioned, requires some renovation work before it can be rented out.

After calculations within a valuation process, the ground floor and the 1st upper floor can each be rented for approx. €9.61 cold rent per m². The attic apartment, after renovation work, can also be rented for approx. €9.61 cold rent per m². The rent for the large garage and the covered storage space is not yet included in this calculation.

Since the plot has further development potential, another house can be built. The financing costs, for example, could be covered by the rental income.

Additionally, by converting parts of the existing building, the ground floor and the 1st upper floor or the 1st upper floor and the attic could be converted into a maisonette apartment.

Renovation/Refurbishment Measures Carried Out:

• 1983: Demolition of a lean-to and new construction of a garage with a floor area of approx. 55 m².

• 2021: The entire ceiling of the garage was insulated, then clad with plasterboard and painted white. Additionally, the exterior wall facing the inner courtyard was tiled.

• 2021: New wiring of the garage.

Residential House:

• 1985: Renewal of the electrical system on the ground floor.

• 1985: Installation of an oil heating system with radiators on the ground floor and 1st upper floor.

• 1985: Renewal of the windows on the ground floor and 1st upper floor.

• 1992: Construction of the covered parking space.

• 2002: Construction of the covered terrace on the 1st upper floor.

• 2008: Renewal of the roof of the residential house.

• 2008: Renewal of the gutters and downpipes.

• 2008: Renewal of the chimney in the attic, including the renewal of the chimney breast and the chimney cover.

• Renewal of the water heater in the basement.

• Renewal of the garage roof.

• 2024: Renewal of the water supply line and the meter connection.

• 2024: Renewal of the electrical system followed by new wallpapering and tiling on the 1st upper floor.

Please note that I am not a construction expert but a layman. All statements and information have been provided based on what we, as non-experts, were able to observe.

Advantages of the Property (Reiterated):

The property has several advantages. Since it is a multi-family house with 3 apartments (with living areas of approx. 40.84 m² and approx. 61.22 m²), the apartments can be rented. The apartment on the ground floor and on the 1st upper floor are already prepared for rental. The attic apartment, as mentioned, requires some renovation work before it can be rented out.

Since the plot itself has further development potential, another house can be built, allowing financing costs to be additionally covered by rental income.

Alternatively, by making changes to the existing building, the ground floor and the 1st upper floor—or the 1st upper floor and the attic—can be converted into a maisonette apartment.

If we have sparked your interest in our property, please arrange a viewing appointment with us. You can reach us best on mobile, via SMS or WhatsApp. Tel.: 0162-8728595