| Type | Block of flats |
|---|---|
| Living area approx. | 215 m² |
| Year built | 1929 |
| Bedrooms | 10 |
| Available from | Nach Vereinbarung |
|---|---|
| Rooms | 10 |
| Bathrooms | 3 |
| Heating | Central heating |
| Fuel type | Gas |
| Plot area | 125 m² |
|---|---|
| Condition | Well kept |
| Floors in the building | 3 |
| Usable floor area | 60 m² |
| Purchase price | 919.000 € |
|---|---|
| Price per m² | 4,274.42 €/m² |
| Commission | no commission for buyers |
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More financing calculators and assumptionsFully rented residential building with ten rooms in Stuttgart-Wangen, commission-free directly from the owner.
The house, built in 1929, has been continuously modernized over the decades and offers 215 m² of living space on three floors, plus approximately 60 m² of usable space. Originally built as a three-family house, it is now operated as a shared-house property: one shared apartment occupies each floor; each person has their own room, while the kitchen and bathroom are shared within the floor.
The layout:
Ground floor, approx. 60 m²: three rooms, kitchen, daylight bathroom with shower-bathtub combination
Upper floor, approx. 76 m²: four rooms, kitchen, daylight bathroom with shower-bathtub combination
Attic floor, approx. 79 m²: three rooms, one of which is a maisonette over two levels, kitchen, daylight bathroom with bathtub and shower, separate WC, storage room, access to the converted attic
All ten rooms are rented. The rents are all-inclusive and cover all ancillary costs.
The figures at a glance:
Gross rental income: EUR 4,610 per month
Ancillary costs: EUR 620 per month
Net cold rent: EUR 3,990 per month, EUR 47,880 annually
Gross yield: 4.84 percent
Price-to-rent factor: 20.7
The property includes a garden with terrace, which the residents use as a barbecue area, a laundry and drying room with two washing machines charged via a coin-operated machine, and a shared basement room. There is also a large vaulted basement, converted and renovated, which is currently unused.
There are no private parking spaces; freely accessible parking spaces are available around the house.
The sale is completed with the existing tenancy agreements. The property is managed by a local property manager who has known it for years and would be happy to continue managing it. You can therefore also take over the house remotely.
As we are selling without an agent, there is no buyer’s commission. Compared with a comparable agent listing, you save approximately EUR 47,000.
Like-new PVC windows
Insulated façade
Gas central heating, like new
Parquet and floorboard flooring in all apartments, in good condition
Daylight bathroom on every floor
Converted attic
Vaulted basement, converted and renovated
Laundry and drying room with two washing machines, billing via coin-operated machine
Shared basement room for the residents
Garden with terrace
All rooms are rented furnished.
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Wangen lies flat and elongated along the Neckar, between Hedelfingen, Bad Cannstatt and Untertürkheim. The district has an established town center with small restaurants and shops, as well as a regular weekly market. Everything needed for daily life is within walking distance.
The grammar school and secondary school are within walking distance, and kindergartens are nearby. Clubs and organizations provide a wide range of cultural and sporting activities.
The transport connections are good: the B 10 toward Ulm and Karlsruhe is right on the doorstep, and Stuttgart city center can be reached in about 15 minutes. Underground lines 4, 9 and 13 stop at several stations in the district; the nearest stop is only a few minutes’ walk from the house.
This connection in particular makes the house interesting for renting to shared apartments. Anyone who works or studies in Stuttgart can get anywhere quickly from here.
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