$3,873,221

This well-kept apartment building from 1969 is located in a prime Karlsruhe city location and boasts a substantial living space of approx. 1,320 m² on a plot of approx. 914 m². The property is in very good general condition and has been continuously maintained, so there is no immediate need for refurbishment. With a total of 19 residential units and full letting, the property offers an attractive basis for sustainable income. The building structure comprises twelve spacious 4-room apartments, which offer comfortable living thanks to their efficient room layout. Six functionally designed 1-bedroom apartments offer modern living comfort in a smaller space and appeal primarily to singles or commuters. The offer is complemented by a 2-room apartment, which is ideal for couples or as a home office solution. Most of the apartments are equipped with contemporary features and meet a high standard of finish. Another highlight of the property are the twelve underground parking spaces, which offer residents secure and convenient parking - an advantage that should not be underestimated in an inner-city area. Additional quality of life is provided by the existing elevator, which makes all residential floors easily accessible. The professional janitor service supports residents and owners alike and ensures that the building and communal areas are always well maintained. The residential building is heated by modern district heating, which meets both ecological and economic requirements. Thanks to the central location in Karlsruhe city center, tenants and owners benefit from short distances to shopping facilities, cafés, service providers and a wide range of leisure activities. Public transport connections are right on the doorstep, ensuring excellent mobility within the city and beyond. The annual net rental income currently amounts to approx. € 142,344, /gross rental income € 199,668, which provides a solid basis for long-term income and value retention of the property. Most of the tenancies are long-term and underline the attractiveness and high demand for living space in a central location in Karlsruhe. This property offers you the opportunity to acquire a fully let apartment building in a well-kept condition in a prime urban location. For further advice or to arrange a viewing appointment, please contact our office at any time. We invite you to come and see the qualities of this property for yourself.

Amenities

• Bedrooms: 0
• Full Bathrooms: 0
• Partial Bathrooms: 0
• Property Type: Residential
• Year Built: 1969
• Built in 1969
• Home size: 14,217 ft² / 1,320.79 m²
• MLS: 25015027
• Status: Active