Investment property in the city center of Bruchsal/commission-free sale

Information

Selling Price & Extra Costs

About this dream investment property

Property Description

The property consists of two separate buildings, a front building and a rear building, which together present a well-maintained overall appearance.

The main building was rebuilt in 1962. The front section comprises a total of eight residential units. These are divided into three 1.5-room apartments, four 3.5-room apartments, and a 2.5-room apartment in the attic. Seven of the eight apartments have their own balcony, thereby offering additional living comfort. The building is fully basemented, so each residential unit has a separate storage room available.

The rear building was built in 1945 and is partly used commercially. The commercial spaces as well as the apartment above are rented together to one tenant, which creates a clear and straightforward usage situation. This building is also fully basemented and accordingly offers additional utility and storage space.

In the inner courtyard there are two garages as well as an additional parking space. In addition, there is sufficient storage space for bicycles and areas for waste bins, which further underlines the practical utility of the property.

In recent years, extensive investments of around €180,000 have been made in the property. Five apartments in the front building as well as the apartment in the rear building were completely renovated and modernized. In addition, all shutters and entrance elements in the front building were renewed and the front facade was freshly painted, significantly enhancing the exterior appearance.
About 15 years ago, the water pipes (stainless steel) in the front building were renewed.

The annual net rent currently amounts to €74,507.88 and still has potential to increase.
With a lettable area of 765 m², this corresponds to 8.11 per square meter.
The caretaker lives in one of the apartments.

Location