| Type | Block of flats |
|---|---|
| Living area approx. | 388 m² |
| Rooms | 17 |
|---|
| Plot area | 503 m² |
|---|
| Purchase price | 819.000 € |
|---|---|
| Price per m² | 2,109.30 €/m² |
| Commission | 3,57% (3,57 % vom Kaufpreis inkl. 19% MwSt) |
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Six residential units – a versatile investment property in Esslingen-Zell
The property consists of two building sections directly connected to one another. The original building was constructed around 1960/61. Between 1993 and 1995, a three-family house was built directly adjoining it, and the overall property was divided in accordance with the German Condominium Act. Both building sections are accessed via a shared stairwell and together form a six-family house.
The entire property comprises two parcels of land of approx. 302 m² and approx. 201 m². This results in a total plot area of approx. 503 m². The total living area, newly calculated in accordance with the Living Space Ordinance, is approx. 388.28 m².
The stated living area includes a total of approx. 7.32 m² of proportionally counted terrace and balcony areas. The actual area of the two terraces and the balcony together is approx. 17.34 m².
The six apartments are distributed as follows:
Ground floor – residential unit 1 with approx. 64.83 m² of living space
Ground floor – residential unit 2 with approx. 69.46 m² of living space
Upper floor – residential unit 3 with approx. 65.81 m² of living space
Upper floor – residential unit 4 with approx. 69.46 m² of living space
Attic floor – residential unit 5 with approx. 54.78 m² of living space
Attic floor – residential unit 6 with approx. 63.94 m² of living space
The apartments are designed as self-contained units and are accessed via the shared stairwell. Residential unit 1 on the ground floor includes a terrace. Residential unit 3 on the upper floor has a balcony. Residential unit 5 on the attic floor has an additional terrace area.
The building has a basement. The existing cellar rooms are unheated and serve as storage, technical, and ancillary areas. The attic floor is converted and heated.
The property includes four outdoor parking spaces.
The entire property currently generates a monthly net cold rent totaling €3,520.00. This corresponds to an annual net cold rental income of €42,240.00. Based on the stated total living area of approx. 388.28 m², this results in an average in-place rent of approx. €9.07/m².
The heating supply for the newer building wing is provided by a gas condensing boiler from 1995. Heating and hot water preparation there are powered by natural gas. In the older building wing, oil stoves are used to heat the apartments used.
The current demand-based energy performance certificate indicates a final energy demand of 219.7 kWh/(m²·a) and energy efficiency class G. The energy condition therefore does not meet today’s new-build standard and offers corresponding modernization potential.
A declaration of division and corresponding division plans are available for the property as a whole. The six apartments form separate units within the existing condominium owners’ association (WEG) structure.
The property offers various prospects: long-term ownership as a rented six-family house, partial owner-occupation, a multi-generational solution, or—taking into account the existing declaration of division and the respective land register situation—a possible later individual sale of the apartments.
Overall, the property is in a condition appropriate to its age, but is neither as good as new nor fully renovated. Signs of wear typical of its age and type, as well as individual maintenance and modernization issues, are present and are presented transparently as part of the marketing.
The house is sold as it stands and lies.
Please feel free to contact us to arrange a viewing.
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