Property Highlights

Located in Heidelberg district of Boxberg
Spacious 1,150 m² plot size
Modernized apartments since 1960
Total living area approx. 380 m²
Additional 24.64 m² basement space
Fully let with stable rental income

Overview

This well-kept 4-apartment building is located in the beautiful Heidelberg district of Boxberg. The property was built in 1960 and the apartments have been modernized over the years. The property stands on a spacious plot of land measuring approx. 1,150 m². The house offers a living area of 380.36 m² and a total rentable area of around 405 m², as there is an additional living space of 24.64 m² in the basement. The house is currently fully let and is currently used as a shared flat. It generates a monthly basic rent of €6,250 and an annual rent of €75,000. This corresponds to an average rent per square meter of € 16.43. The price per square meter for the given living space is € 3,549.27. The annual basic rent in relation to the purchase price is 18 times, which represents an interesting and solid capital investment.

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