Residential and commercial building Karlsruhe-Daxlanden – 6 residential units + gastronomy, approx. 5.5% yield

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Selling Price & Extra Costs

About this dream investment property

Property Description

In the Karlsruhe district of Daxlanden stands a building that is more than just an address: a solid, modernized house from 1956 with a residential and commercial area of approx. 500 square meters – grown, well thought-out, and with real potential. The plot comprises approx. 559 square meters in a mixed-use area, which allows both residential and commercial uses and gives the property particular flexibility. The house is spread over four levels – ground floor, upper floor, attic, and converted top attic level – and comprises 6 residential units as well as an already rented gastronomy unit on the ground floor. Anyone investing here takes over a property that already lives the mix of residential and commercial use today. The living space of approx. 434 square meters is distributed across these four levels and offers generous room for a wide variety of usage concepts. In addition, there is the approx. 66 square meter gastronomy area on the ground floor, which is already rented out. The building is fully basemented and thus supplemented by valuable storage space as well as further usage possibilities. The fittings are solid and well maintained: tiled and stone floors, bathrooms with shower, bathtub and windows, as well as a gas-based floor-by-floor heating system ensure everyday comfort. Parking spaces in the outdoor area round off the offer practically. A usage change already approved in 2017 is also available for the property: it provides for the conversion of the former restaurant area on the ground floor into an additional residential unit as well as the addition of balconies on the upper and attic floors and terraces on the ground floor. With full implementation of this approved plan, the living space would increase by around 105 square meters to a total of 539.50 square meters – already officially approved value-added potential for the new owner. The location in Karlsruhe-Daxlanden combines quiet living with good connections to the city center. Shopping facilities, public transportation, and social infrastructure are nearby, without everyday life becoming hectic here. A property with substance – and a future. The purchase price is 1,600,000 euros. Based on the current net rents, this results in a gross rental yield of around 5.5% p.a. We would be happy to provide you with further information or arrange a viewing appointment.

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