Sustainable investment in the heart of Augsburg-Oberhausen

Information

Selling Price & Extra Costs

About this dream house

Property Description

Recently renovated apartment building – Fully rented as student shared flats.
This attractive apartment building at Ulmer Straße 68 combines solid construction with a highly profitable usage concept and an exceptionally large 608 m² plot for this central location. The building was recently comprehensively and to a high standard renovated, ensuring long-term value retention.The property is divided into 3 large, optimally laid-out apartments. All units are fully rented as student shared flats. The spacious plot offers student tenants significant added value (e.g. as a communal garden or bicycle parking) and gives the future owner valuable design options, e.g. through expanding parking spaces or carports with solar feed-in.
The apartments:

Ground floor apt.: 78.18 sqm
1st-floor apt.: 80.14 sqm
2nd-floor apt.: 65.7 sqm

Gross rental income p.a. EUR 56,520.00.-
Net rental income p.a. EUR 46,500.00.-

Renovations in 2022:
-New Viesmann gas central heating, gas condensing boiler. -19 new Kermi panel radiators
-15 new designer interior doors
-3 glass interior doors
-3 new apartment entrance doors
-4 newly manufactured windows in an old-building style on the west side of the house
-Over 200 sqm of genuine oak parquet flooring in all apartments
-3 new kitchens with new electrical appliances (dishwasher, etc.)
-All sockets and switches replaced
-Electronic intercom system with monitor in all apartments
-All apartments newly plastered and whitewashed inside
-2 completely new tiled bathrooms with high-quality fittings and connections -Staircase
Oak newly sanded and varnished
-2nd-floor sloping ceilings in the apartment newly insulated with (ISOVER WLG 035)
-3 new VELUX skylights
-Driveway and parking spaces covered with gravel

Location