| Type | Block of flats |
|---|---|
| Living area approx. | 693 m² |
| Rooms | 25 |
|---|---|
| Bathrooms | 16 |
| Plot area | 2368 m² |
|---|---|
| Usable floor area | 117 m² |
| Purchase price | 1.450.000 € |
|---|---|
| Price per m² | 2,093.47 €/m² |
| Commission | 4,76% (4,76 % inklusive gesetzlicher MwSt.) |
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More financing calculators and assumptionsThis exceptional multi-family building in a sought-after location in Karlsruhe-Knielingen offers investors an interesting opportunity to invest in a fully let residential property with attractive ongoing income and additional development potential.
The building was originally used as a restaurant with ten guest rooms and an attached horticultural business, and was extensively converted and modernized over the years. Today, the property has a total usable area of approx. 1,048.45 m² and a total living area of approx. 692.63 m², distributed across twelve residential units of varying sizes.
The layout ranges from compact 1- and 2-room apartments to spacious 3- and 4-room apartments. Particularly noteworthy are two large residential units of approx. 151.70 m² and approx. 165.85 m², which offer further development potential in the future. Subject to the building-law and technical requirements, a further division into additional residential units could be of interest in the long term.
All apartments are currently rented. The property has an established and reliable tenant structure. Four apartments are rented to an established company, which uses them to accommodate employees and construction workers. The company handles the entire organization of occupancy, cleaning and support, significantly reducing the administrative burden for the owner. The agreed rent is paid regardless of actual occupancy. In addition, the company is interested in renting further units in the property in the future.
Additional income is generated by permanently rented areas in the basement, which are used by a local association. Two garages are also rented on a long-term basis.
According to the owner, around €250,000 was invested in the property over the past two years. The key measures included renewing the heating system, renovating the roof, repainting the façade, and carrying out various modernizations indoors and outdoors. The property is complemented by a photovoltaic system installed in 2024, with an investment volume of around €40,000.
The current annual net rental income amounts to around €100,000. In addition, there is currently approximately €5,000 in income from the photovoltaic system. The property therefore currently generates Total income of approximately €105,000 per year.
At a purchase price of €1,450,000, this corresponds mathematically to a gross initial yield of approximately 7.2% based on the stated total income.
The property therefore already combines attractive ongoing returns with a broad tenant structure, extensive investments already carried out, and additional development opportunities.
To protect the privacy of the long-standing tenants, we have deliberately refrained from publishing interior photographs of the rented units. Following a personal conversation, we will be happy to provide qualified prospective buyers with further property documents and information.
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