About this house
ATTENTION: Please inquire in writing ONLY. You are guaranteed to receive a response within 24 hours with a proposed appointment for the viewing, as well as all documents for the property in advance.
In the middle of Sinsheim city center, this well-maintained apartment building with three commercial units and nine apartments presents itself as an extremely attractive investment property. The building, constructed in 1956, was extensively renovated between 1980 and 1990, as well as expanded upward, and is located in an excellent, central location with direct street access. On a 227 m² plot, it combines generous living space with profitable commercial space.
The building is fully basemented. The basement rooms are partly accessible through the commercial units on the ground floor.
The ground floor houses two well-laid-out commercial units with street access, which, due to their location and visibility, offer ideal conditions for retail, services, or gastronomy. On the first floor there is another commercial space, likewise solidly rented and usable in the long term. The upper floors are entirely reserved for residential use and are currently fully let.
On the second floor there are three compactly designed apartments, on the third floor there are three further residential units, and in the attic there are another three apartments. The total living space amounts to approx. 520 m². Together with the commercial areas, this results in a total usable area of around 893 m².
The entire property is fully rented and currently generates annual rental income of approx. 120,000 euros net cold rent at a moderate rental price per sqm and still has good potential for increase. This offers the property a solid return and an attractive ratio of rental income to purchase price. Thanks to the central location, the rental prospects are excellent in both the residential and commercial sectors.
A 10-year contract has currently been concluded with a company that handles the operating costs billing for the tenants; this contract will also be transferred upon purchase.
This investment property is particularly suitable for investors and capital investors who want to achieve long-term stable returns. The successful mix of residential and commercial space, the continuous modernizations, and the excellent inner-city location make this apartment building a secure and value-stable investment.
Further information, including video and all documents, will be provided upon request and access to our viewing appointment booking system.
