Energetically renovated modern apartment building - 3 apartments - 4.13 % yield

Information

Selling Price & Extra Costs

About this dream house

Property Description

A property with a future: For a large family or to co-finance ownership through rental income or as an investment property. 4.13% yield!

Extensively renovated house with three apartments:

Three self-contained, modern residential units, each with an associated cellar. On the ground floor and first floor, one 3.5 room apartment each (approx. 90 m² living space) with terrace or balcony - each with daylight bathroom with bathtub and shower and extra guest WC. On the top floor a modern furnished 2-room studio (approx. 50 m² living space) with shower room with WC and extra WC.

All apartments have daylight bathrooms and guest toilets. In addition to the cellars belonging to the apartments, there are further cellars and storage rooms of various sizes in the building. There is also a WC with shower in the cellar. The property has a double garage for two vehicles and space for two parking spaces in the courtyard. Two separate storage rooms for bicycles and garden tools. A beautiful garden (incl. irrigation system and cistern) with different zones and trees, which ensures a pleasant climate even on hot summer days.

Furnishing

The house was energetically renovated and modernized between 2008 and 2011: Facade insulation down to the basement, new roof covering and insulation, new window seals new, insulation of the roller blind boxes, On the roof is a solar system for hot water and heating support, therefore very low energy consumption in the house (per year 900 - 1300 liters for all 3 apartments). There is also a PV system with approx. 8.5 kWp on the roof. Front door and fence renewed as well as electric garage doors with radio. The house is always warm in winter (with little energy consumption) and stays nice and cool in summer. The electrics were renewed in 2018. All water pipes were already renewed in the mid-90s, the main water pipe in 2022.

Other

The cellar is accessible from the courtyard. Ideal in summer when you are in the garden. There is also a toilet and shower in the cellar.

Stove connections are available on the ground floor and first floor (a stove is in use on the first floor).

The ground floor apartment is currently rented at 11.00 Euro/sqm plus 55.00 for the garage (notice period 3 months). The apartment on the upper floor is still owner-occupied and can be vacated immediately, the ground floor apartment is vacant.

Gross yield: 4.16 %
Net rental yield: 3.96%

Location

Location description

This apartment building is located in a central residential area of Röttenbach. The town with approx. 5,000 inhabitants is located in the middle of the Medical Valley and only a few kilometers northwest of Erlangen and is embedded in a charming forest, pond and meadow landscape. The infrastructure of Röttenbach is perfect, making it a sought-after place to live.

Excellent public transportation to Erlangen. The bus ride with 7 stops to the city center of Erlangen takes only about 15 minutes. Several public buses run daily to Erlangen/Höchstadt/Herzogenaurach (every 20 minutes during the day) until after midnight. The nearest highway connection to the A 3 "Erlangen West" is 7 km away.

Doctors, nurseries, elementary school, specialist stores and stores to meet daily needs are in the town. Secondary schools are in Erlangen, Höchstadt and Herzogenaurach, approx. 10 - 15 km away (school bus shuttle available). Childcare is guaranteed for every child with 3 daycare centers in Röttenbach.

A wide range of leisure activities in various clubs and the 7000 m² public health and sports park and the good infrastructure have made Röttenbach a very attractive and sought-after place to live.