Apartment building with 6 residential units as a capital investment

Information

Selling Price & Extra Costs

About this dream investment property

Property Description

This high-yield apartment building with a net rental income of approx. €50,000/year is situated in an attractive location in Heidelberg-Kirchheim and offers an excellent opportunity for long-term real estate success.

Built in 1963, the property was extensively modernized and renovated between 2014 and 2019. With a rentable area of approx. 405 m², spread over three floors, it offers sufficient space for several residential units.

The furnishings of the residential units can be classified as upscale, with 4 apartments having their own balcony. There is also a communal garden, a laundry room and a bicycle garage. The building is heated by a gas heating system. The municipal heating plan of the city of Heidelberg provides for a connection to the district heating network in the near future, which will increase the long-term market value of the property.

Take this opportunity to invest in this promising apartment building in Heidelberg-Kirchheim. Arrange a viewing appointment today and see the benefits of this property for yourself.

Furnishing

Extensive modernization and renovation work was carried out between 2014 and 2019 to improve the living comfort and energy efficiency of the property on offer.
- The sanitary facilities were completely modernized. New bathrooms and WCs with
modern facilities offer residents a pleasant level of comfort and hygiene.
and hygiene.
- All water pipes have been renewed.
- The kitchens have also been completely renovated. Modern
kitchen units and electrical appliances ensure a pleasant cooking experience.
- In addition, the floors have been replaced with easy-care and attractive vinyl coverings
or tiles, which increase living comfort and are also durable.
- The house's electrics were also checked and renewed as part of the modernization
renewed to meet current safety standards. New sockets
sockets and switches were installed and cables replaced to offer the residents more
comfort and safety for the residents.

In summary, this modernized apartment building in Heidelberg-Kirchheim not only offers attractive living space, but also contemporary features that significantly increase living comfort. The modernizations and renovations carried out also contribute to increasing the value of the property and make it an attractive investment opportunity.

Location

Location description

The property is in a quiet yet central location in Heidelberg-Kirchheim, which makes it particularly attractive.
The connection to the infrastructure is excellent: public transportation can be reached in just 5 minutes on foot, the nearest main train station is 10 minutes away and the nearest highway can also be reached in 10 minutes. The airport can be reached in around 45 minutes by car.
The district has well-established schools and kindergartens, green parks and a high quality of life.