| Type | Block of flats |
|---|---|
| Living area approx. | 355 m² |
| Year built | 1975 |
| Bedrooms | 7 |
| Available from | Nach Vereinbarung |
|---|---|
| Rooms | 11 |
| Bathrooms | 3 |
| Plot area | 691 m² |
|---|---|
| Parking spaces | 8 |
| Purchase price | 629.000 € |
|---|---|
| Price per m² | 1,771.83 €/m² |
| Commission | no commission for buyers |
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More financing calculators and assumptionsAttractive investment with currently approx. 6.87% return potential and division into 3 condominiums already completed
For sale is a well-maintained apartment building with a total of approx. 355 m² of living space on a plot of approx. 691 m² in a quiet cul-de-sac location in Oberheimbach.
The property offers an attractive combination of solid rental income, generous apartment sizes and additional development potential – ideal for investors as well as owner-occupiers.
A particular advantage is the existing division into three independent condominiums with separate land registers. This creates the long-term option of selling the apartments individually or using them flexibly (e.g. partial owner-occupancy + letting).
Investment & Return
The property is currently fully let and generates monthly net cold rent income of €3,605.
Annual net cold rent (ACTUAL): €43,260
Gross return: approx. 6.87%
Multiplier: 14.54
Annual net cold rent (TARGET): €46,860
The property therefore exceeds the usual return level in the region and represents a solid investment with stable cash flow.
Property Details & Highlights
• approx. 355 m² of living space
• approx. 691 m² plot
• approx. 133 m² of ancillary space
• approx. 220 m² garden area
• 3 residential units
• already divided into 3 condominiums (declaration of division & land register)
• double garage
• approx. 8 parking spaces in front of the house
• quiet cul-de-sac location
• spacious layouts
• potential for a photovoltaic system
• possible roof conversion reserve
Condition & Prospects
The property has been continuously maintained and kept in good repair. Measures already carried out (including window replacements and insulation) ensure a solid overall condition without any urgent need for renovation.
In addition, the property offers further development potential – both with regard to future appreciation and possible optimization of its use.
Note
Out of consideration for the tenants’ privacy, this listing has been partially anonymized. We will be happy to provide further documents, floor plans and additional photos upon serious interest.
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