$92,755

This charming condominium in Neumünster was divided on 01.07.2025 in accordance with the German Condominium Act (WEG) and offers an excellent opportunity for investors. Since 01.04.2011, the apartment has been rented for an unlimited period and without interruption, which guarantees stable and secure rental income immediately. The purchase is rented out, so you benefit directly from ongoing income. Particularly attractive is the legal regulation on the lock-up period after WEG conversion: In Schleswig-Holstein, a three-year lock-up period applies from entry in the land register, during which a termination for personal use is excluded. This gives investors long-term planning security - in this case probably until July 2028. The apartment is located on the left-hand raised first floor (apartment number 1) of a well-kept apartment building from 1957. The building comprises a total of eight units that share a stairwell, with two apartments per floor. There are also communal parking spaces available on the property. The 3-room apartment has a living space of 67.09 m². The layout is as follows: Hallway (6.20 m²), bathroom (4.25 m²), kitchen (6.94 m²), room I (16.63 m²), room II (19.59 m²), room III (10.57 m²) as well as a balcony (south/east, 5.82 m², 50% counted: 2.91 m²), which offers sunny hours. The kitchen is the property of the landlord and is therefore part of the sale. In addition to the living space, the unit has 12.69 m² of its own usable space, consisting of a cellar room (10.38 m²) and an attic compartment (2.31 m²). Residents can also use communal ancillary rooms with an area of 60.99 m², including a laundry room in the basement (19.43 m²), a drying room in the attic (21.61 m²), a utility room (7.23 m²) and a boiler room (12.72 m²). The monthly rent is currently € 420, which corresponds to a net annual rent of € 5,040. This puts the rent per square meter at € 6.26. The current purchase price factor is 15.67, the purchase price per square meter is € 1,177.52. The last rent increase took place on 01.04.2020; if the basic rent were adjusted by a maximum of 20 %, the monthly cold rent would increase to € 504 (€ 6,048 annual net cold rent), which would correspond to a purchase price factor of 13.06. The monthly house rent amounts to a total of € 498.27. Of this, € 187.36 is apportionable costs (including heating costs of € 78.62), € 183.83 is the allocation to reserves and € 127.08 is non-apportionable costs. Note: In addition to this apartment, there are two other units for sale in the same building - this gives interested investors the opportunity to purchase several apartments as a package and increase the potential yield. This well-kept and well-designed apartment combines a solid rental situation with attractive appreciation potential and thus offers a secure investment in a good location in Neumünster.

Amenities

• Bedrooms: 2
• Full Bathrooms: 1
• Partial Bathrooms: 0
• Property Type: Residential
• Year Built: 1957
• Built in 1957
• Home size: 722 ft² / 67.08 m²
• MLS: 25053095
• Status: Active