| Type | Flat |
|---|---|
| Floor | 2 |
| Living area approx. | 44 m² |
| Year built | 1986 |
| Bedrooms | 2 |
| Available from | Nach Vereinbarung |
|---|---|
| Rooms | 2 |
| Bathrooms | 1 |
| Heating | Central heating |
| Fuel type | District heating |
| Condition | First occupancy after refurbishment |
|---|---|
| Floors in the building | 5 |
| Usable floor area | 4 m² |
| Purchase price | 199.000 € |
|---|---|
| Price per m² | 4,522.73 €/m² |
| Commission | no commission for buyers |
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More financing calculators and assumptionsA Ready-Made Investment Property – Renovated, Furnished and Reliably Rented
This 2-room apartment in a well-maintained apartment building in Mannheim Schwetzingerstadt is something investors rarely find: a property requiring no further work and generating income from day one. The apartment is rented as a shared accommodation and generates a monthly net cold rent of 1,000 euros. Based on the purchase price of 199,000 euros, this corresponds to a return of 6 percent! You also pay no estate agent’s commission!
The apartment was extensively renovated only recently. The bathroom is completely new: all water pipes were replaced, a spacious walk-in shower was installed, large-format concrete-look tiles were laid and ceiling spotlights integrated. The living areas and hallway feature high-quality vinyl flooring in a warm wood look, while all walls, ceilings and interior doors shine in new splendour. Heating is provided by district heating, and you and your tenants can conveniently reach the second floor via the building’s passenger lift. In short: no maintenance expenditure within the apartment is expected in the coming years.
In addition, the apartment is handed over fully furnished – including a kitchen with dishwasher, refrigerator, oven and stove. For you as a landlord, this means that you do not have to purchase anything when a tenant changes, and you appeal precisely to the target group that moves in quickly and easily.
Why this apartment is so easy to rent:
The two rooms are separate and nearly equivalent in size. Both feature floor-to-ceiling windows and each has its own access to the spacious loggia, which faces southeast towards the quiet rear side of the building.
The location also works in your favour. Schwetzingerstadt is one of Mannheim’s most sought-after districts; the university and university of applied sciences are excellently connected, and the main railway station is in the immediate vicinity. An unbeatable everyday advantage: a supermarket is located directly in the front section of the building, and your tenants can take their groceries upstairs by lift.
The figures:
The monthly service charge is 375 euros, of which 250 euros can be apportioned to the tenants. According to the last statement, the owners’ association’s maintenance reserve is solidly funded at around 400,000 euros.
Arrange a viewing appointment now!
- Fully furnished, including fitted kitchen with dishwasher, refrigerator, oven and stove
- Rented as a shared apartment
- Cold rent: 1,000 euros per month
- Spacious loggia facing southeast towards the quiet courtyard, accessible from both rooms
- Complete renovation including replacement of the water pipes
- Modern shower bathroom with walk-in shower, large-format concrete-look tiles and ceiling spotlights
- Low-maintenance premium vinyl flooring with a wood look
- Excellent natural light through floor-to-ceiling window elements in both rooms
- Convenient heating via district heating
- Practical basement compartment for additional storage space
- Passenger elevator
- Supermarket in the front part of the building
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Schwetzingerstadt - Mannheim's sought-after district in the east of the city
The apartment benefits from a prime location in Schwetzingerstadt. This district is known for its mix of historic architecture and vibrant, urban life and is considered one of Mannheim's absolute top residential locations.
Everything right on your doorstep: There is hardly any need to leave the property for daily necessities, as a supermarket is located directly in the building complex. The neighborhood also offers a diverse gastronomic scene, charming cafés and small, owner-operated shops.
Nature and connectivity: Luisenpark and the city's landmark, the Water Tower, can be reached within a few minutes on foot. The stops for tram lines 1, 6, 8 and 9 are practically around the corner and guarantee quick connections to the central station and the Quadrate district.
Crucial for letting: The University and Mannheim University of Applied Sciences are optimally connected, and the central station is within walking distance. With this apartment, you can therefore reach three groups of tenants with particularly high demand at once - students, young professionals and commuters.
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