***** TOP investment complete multi-family house 7 apartments fully rented refurbished!

Information

Selling Price & Extra Costs

About this dream house

Property Description

Object description

Apartment building
7x condominiums, 2x garages, 11x parking spaces

Year of construction 1993

Refurbishment 2022
All four balconies, new sloping screed, new synthetic resin coating

Refurbishment 2023
Top floor right: New plastic skylights, complete renovation of bathroom, new laminate flooring
First floor right: Complete renovation of bathroom,
Stairwell completely repainted
Exterior facade new fabric plaster and paint

Foundation: concrete
Concrete floor slab
Basement walls concrete / brick masonry 30cm Interior walls sand-lime brick 12 / 24cm
Exterior walls brick masonry 30cm honeycomb / elypt. Perforation according to thermal insulation regulations
Interior walls 12 / 24 bricks or sand-lime brick plastered
False ceilings concrete
Balcony railing concrete + iron / galvanized
Chimney double flue removed (last bricks under roof covering)
Roof Wooden beams Insulated with glass wool and tile covering
Sheet metal work Copper downpipes and copper gutters
Windows plastic with insulating glass
Heating Electricity with individual meter per residential unit
Floor coverings Ceramic tiles in the bathrooms, hallways, kitchen, balcony Stairwell, cellar, laundry room Garage
Concrete screed: living rooms partly carpet or laminate
Cellar partitions Wooden grating
Steel / fire-retardant cellar doors
Garage doors Laminated sectional doors Insulated
Water installation Copper riser inside the apartment Kunsthoff pipe in pipe system
Stair railing iron painted new 2023
Entrance door 2023 New aluminum / glass
Exterior paths Antique paving 2021 New,
Parking spaces Asphalt and green areas
Outdoor irrigation rainwater cistern concrete 6000 liters
Fence system Metal posts and wire mesh New 2016
Digital antenna system With 7/9 connections

Furnishing

The apartment layout:

1 x 3 rooms, kitchen, bathroom 59 m² occupied, 3 months notice period
1 x 3 rooms, kitchen, bathroom 56 m² occupied, 3 months notice period
2 x 4 rooms, kitchen, bathroom, balcony 84 m² 2 x occupied, 3 months notice period
2 x 4 rooms, kitchen, bathroom, balcony 87 m² 2 x occupied, 3 months' notice.
1 x 2 rooms kitchen, bathroom, terrace 47 m² occupied, 3 months' notice.
2 garages (double garage approx. 64 m²). Own use by the current owner.

7 x 1 cellar / storage room tiled
1 x laundry room tiled
1 x distribution / utility room tiled
1 x storage room for bicycles / garbage can

Converted space: 2162.58 cbm
Total living space: 502 m²
Plot size: 939 m²

The economic picture:

With 100% occupancy and a residential rent of currently only
5.- to € 13.39 per m², service charge flat rate of € 100.- per apartment and 11 rented parking spaces at € 50.- each and the two garages at € 100.- each.

Rental income € 74,460 per year

The seller's asking price is € 1,649,000 excluding VAT.
The property value 939 m² x 100 = € 93900,-
The fire insurance value: 70.900,- Goldmark/1914

Location

Location description

The property is located in Billigheim, a friendly and cozy community not far from the towns of Mosbach 12 km and Möckmühl 12 km as well as in the catchment area of the major cities of Heilbronn and Neckarsulm.
The excellent transport connections make it possible to reach the following towns by bus/train or car:
10 minutes by car: Mosbach 12 km, Möckmühl 12 km, Neudenau 6 km, Osterburken 15 km
15 / 20 minutes by car: Heilbronn 20 km, Neckarsulm15 km, Öhringen 45
45 / 60 minutes by car: Ludwigsburg 45 km, Stuttgart 75 km, Schwäbisch Hall 50 km, Karlsruhe 85 km, Heidelberg 65 km, Mannheim 85 km, Ludwigshafen 90 km, Würzburg 98 km.

Airfield: Mosbach Lorbach
BAB connections: Möckmühl, Neckarsulm, Sinsheim
Train station: Mosbach / Mos-Neckarelz

The municipality of Billigheim has 6000 inhabitants and is home to the municipal administration, medical care, kindergarten, primary and secondary schools, banks, post office, pharmacy, various shops/trades and an active club life (over 120 registered clubs).
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The house is fully rented (74000,- € per year / can be increased).

The property is in very good condition, there are no renovation backlogs. The property is in a well-kept condition.
Overall, the property makes a very solid, upmarket impression. This impression is reinforced by the very good residential location, not only in terms of the landscape, as the buildings in the immediate vicinity also have "standing" and flair.
The view to the front extends into the valley and into the distance and is unobstructed.

The declaration of completion has been made, the land register division as condominiums has been completed (9 land registers, 7 x apartment incl. one parking space each + 2 x garage + 1 parking space each)

The future owner can sell each apartment or garage separately.