Ground-floor Apartment with South-facing Balcony and Garage

This ground-floor apartment, which has been let to reliable tenants since 2006, offers investors a secure long-term source of income with attractive development potential. The apartment is located in an apartment building built in 1983 with 16 residential units, has a living space of approx. 73 m², a south-facing balcony, a garage parking space and a cellar storage room. The annual net cold rent is currently €5,640 and provides a stable income. An increase would be possible again from 2027. Unfortunately, the apartment is in an unkempt condition and in need of refurbishment and therefore offers the opportunity to sustainably increase the rental value and overall yield through future modernization. The monthly house rent currently amounts to €200, and since 01.01.2025 an earmarked reserve of €59.09 has been charged for the planned central heating system. This means that a forward-looking maintenance strategy has already been taken into account. Overall, this investment is ideal for investors looking for a solid property with the prospect of value appreciation. Consumption certificate - final energy consumption: 118 kWh/m²a - energy efficiency class: D - main energy source: gas - year of construction according to energy certificate: 1983