| Type | Ground-floor flat |
|---|---|
| Floor | 0 |
| Living area approx. | 55 m² |
| Year built | 1962 |
| Bedrooms | 1 |
| Available from | sofort |
|---|---|
| Rooms | 2 |
| Bathrooms | 1 |
| Heating | Central heating |
| Fuel type | Gas |
| Condition | First occupancy after refurbishment |
|---|---|
| Type of energy certificate | Energy consumption |
| Floors in the building | 8 |
| Energy figure includes hot water | Yes |
| Purchase price | 448.000 € |
|---|---|
| Price per m² | 8,145.45 €/m² |
| Commission | no commission for buyers |
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More financing calculators and assumptionsInvestment property in Munich’s Au district with attractive rental prospects
For sale is a fully renovated 2-room apartment with approx. 55 m² of living space in Untere Au, just a few steps from Kolumbusplatz.
The apartment will be handed over vacant and is therefore particularly suitable for investors who wish to rent it out immediately after purchase.
There are already specific prospective tenants for the apartment. Two couples have indicated that they may be interested in renting it at a net cold rent of around €2,000 per month.
At a purchase price of €448,000 plus €15,000 for the new fitted kitchen, a possible gross yield of around 5.2% is achieved based on a monthly net cold rent of €2,000.
This does not, of course, constitute a rental guarantee. The buyer is responsible for the final rental and tenant selection.
The apartment itself has been extensively renovated and is presented in a modern condition, ready for immediate rental. New oak parquet flooring, a modernized bathroom, a new fitted kitchen and an efficient floor plan provide good conditions for long-term rental appeal.
The spacious living area measures around 26 m². At around 15 m², the bedroom is also a comfortable size for a 2-room apartment.
Please note before submitting your inquiry:
The apartment is on the raised ground floor, faces Falkenstraße and has no balcony. If these points are generally acceptable to you in making your purchase decision, we would be very pleased to hear from you.
Investment and yield
Apartment purchase price: €448,000
New fitted kitchen: €15,000
Total investment in apartment and kitchen: €463,000
Based on an assumed net cold rent of around €2,000 per month, the following example calculation applies:
Monthly net cold rent: €2,000
Annual net cold rent: €24,000
Purchase price including kitchen: €463,000
Gross rental yield: approx. 5.18%
The calculation excludes ancillary purchase costs and non-recoverable operating costs and does not constitute a guarantee of yield.
Of particular interest to investors is the fact that the apartment will be handed over vacant. This means there is no existing tenancy arrangement, and the buyer can determine the future rental terms and select tenants themselves.
You can reach me at
Phone: 0171-7553306
Since I live nearby, we can arrange a viewing at short notice.
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Features
The apartment has been extensively renovated and is ready for immediate use.
Overview of features
• approx. 55 m² of living space
• 2 rooms
• spacious living area of around 26 m²
• bedroom of around 15 m²
• new oak parquet flooring
• modernized bathroom
• high-quality shower with glass partition
• new fitted kitchen
• large windows
• central heating
• passenger elevator in the building
• private basement storage unit
• available for immediate occupancy
• no renovation required
• sold directly by the owner
• no buyer's commission
The new, custom-fitted kitchen is to be purchased in addition to the apartment purchase price for €15,000.
Service charges
The current service charges are approximately €500 per month.
In our view, a distinction should be made between the total service charges and the costs actually borne by the owner.
Part of the service charges covers recoverable operating and heating costs. The apartment was previously occupied by a family, so in particular, past heating consumption cannot necessarily be taken as representative of future use.
We will of course provide serious prospective buyers with the current homeowners' association documents and a detailed breakdown of the service charges.
The apartment is located in the popular Untere Au, just a few steps from Kolumbusplatz.
The location combines excellent transport links with easy access to Munich city center and a high quality of leisure amenities.
Kolumbusplatz U-Bahn station, served by lines U1 and U2, is in the immediate vicinity. Sendlinger Tor, the main train station, and numerous other central Munich destinations can be reached quickly from there.
Shops, restaurants, cafés, and everyday amenities are also within walking distance.
Another key advantage of the location is its proximity to the Isar. Frühlingsanlagen, Auer Mühlbach, and the green spaces along the Isar offer excellent leisure opportunities.
Mariahilfplatz and Nockherberg are also nearby.
For rental purposes in particular, the location therefore combines several important factors:
• central Munich location
• excellent public transport links
• proximity to the Isar
• excellent local amenities
• easy access to the city center
• high demand for compact 2-room apartments
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