| Type | Block of flats |
|---|---|
| Living area approx. | 655 m² |
| Bedrooms | 12 |
| Rooms | 23,5 |
|---|---|
| Bathrooms | 5 |
| Plot area | 457 m² |
|---|
| Purchase price | 799.000 € |
|---|---|
| Price per m² | 1,219.85 €/m² |
| Commission | no commission for buyers |
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In the midst of the picturesque old town of Neckargemünd, this charming apartment building, formerly a manufacturer's villa, dating from 1900 presents itself as a rare opportunity. The combination of historic substance under heritage protection, a stable rental situation, and additional development potential gives this property its special appeal.
The property comprises six residential units on a 457 m² plot. Currently, five units and one garage are solidly rented. The rented units generate total monthly net rent of €3,030, already providing an attractive initial yield; in addition, the gutted attic unit could be rented out after renovation for an additional €8 per square metre. The house has a basement and also contains a bunker in the basement. This results in a total usable floor area of 864m².
The attic apartment has already been completely gutted and is now awaiting a high-quality renovation according to your ideas, whether for owner-occupation, further rental, or as a capital investment to optimise the rent. The condition of the house corresponds to that of a well-maintained older building with historic character. The substance is solid, and heritage protection also allows tax depreciation opportunities for renovation measures.
The floor plan structure features flexible and well-proportioned living spaces that enable contemporary use and will gain attractiveness for future reletting.
The house also has a rented single garage as well as sufficient storage options in the basement. The location in a quiet, historically established residential environment with good connections to public transport and the nearby university city of Heidelberg underlines its sustainable rental potential.
This property combines long-term rental security with development potential. The existing income provides a solid basis, while the unrenovated attic apartment offers additional return opportunities. Take advantage of the opportunity to add a piece of the city's history with attractive funding opportunities and a solid investment return to your portfolio.
The ground-floor apartment on the right will Vacant shortly and can subsequently be used by the buyer or rented out.
An energy certificate is not required because the building is a listed historic monument.
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499.000 € URGENT SALE! Apartment building in Neckargemünd - Private.69151 Neckargemünd– Neckargemünd
