Residential and commercial building in prime location Mannheim-Neckarstadt East with potential

A residential and commercial building with 13 apartments and 1 commercial unit is for sale. The 1 and 2-room apartments (between 38 sqm and 69 sqm) are in high demand due to their size and good location. All 2 two-room apartments have a south-facing balcony overlooking the courtyard. The attic apartment, which was renovated in 2016, measures 95 sqm and also has a balcony facing the courtyard.
The rentable area is around 927 sqm, of which 709 sqm is attributable to apartments and 218 sqm to the commercial unit, a high-quality bakery. There is a graduated rental agreement with this until 2030.

Actual cold rent: approx. EUR 10,800 / month with potential for increase

There is no broker's commission.

Between 2019 and 2024, extensive refurbishment work was carried out in some apartments as well as in the commercial unit to the value of approx. 210,000 EUR. Among other things, investments were made in a new electrical house connection, partly new electrical distribution boxes, new water / sewage pipes (in part of the house), some apartment renovations, garage roofs.

The property is in a popular location in Neckarstadt-Ost. Herzogenriedpark and the banks of the Neckar are just a few minutes' walk away, offering ideal opportunities to relax in nature.
There are also public transport options in the immediate vicinity. Mannheim University Hospital can also be reached on foot in 5 minutes.
Within walking distance you will find bakeries, butchers, various supermarkets, restaurants, cafés, other stores, kindergarten, elementary school, secondary school and grammar school, pharmacy and doctors.