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Investment with potential - rented 2-room apartment with south-facing balcony + parking space
Korntaler Str. 74, 70439 Stuttgart (Stammheim) – Baden-WürttembergPerfect investment: 2-room apartment with south-facing balcony and parking space, built in 1984, 1st floor,
47.78 m² living space, rented since 07/2002 to a pleasant and reliable tenant. The apartment is located on the south side of the building and faces Schliemannweg (quiet cul-de-sac).
Are you interested in this apartment?
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Object Number
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OM-322686
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Object Class
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apartment
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Object Type
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apartment
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Is occupied
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Occupied
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Handover from
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by arrangement
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Purchase price & additional costs
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purchase price
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175.000 €
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Purchase additional costs
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approx. 11,594 €
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Total costs
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approx. 186,593 €
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Purchase price garage/parking space
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12,000 €
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HOA fee
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62 €
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Breakdown of Costs
* Costs for notary and land register were calculated based on the fee schedule for notaries. Assumed was the notarization of the purchase at the stated purchase price and a land charge in the amount of 80% of the purchase price. Further costs may be incurred due to activities such as land charge cancellation, notary escrow account, etc. Details of notary and land registry costs
Does this property fit my budget?
Estimated monthly rate: 611€
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Details
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Level
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1st floor
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Bathrooms (number)
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1
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Bedrooms (number)
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1
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Number of parking lots
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1
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Flooring
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laminate
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Heating
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other
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Year of construction
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1984
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Equipment
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balcony, basement
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Information on equipment
Typical features of the year
- Double-glazed windows from 1984, in wooden frames, with shutters
- Heating via electric storage heater, electric fan heater in the bathroom
- Hot water supply via electric instantaneous water heater
- Bathroom with bathtub, washbasin, WC
- Floor coverings: Tiles in the bathroom, laminate flooring in the hallway, living room and bedroom
- Wall coverings: Woodchip wallpaper, tiles in the bathroom
- Fitted kitchen is the property of the tenant
- Storage room in the basement approx. 6 m²
- Common rooms in the basement: drying room, laundry room
- Cable television
- Outdoor parking space
Location
Stuttgart says it all. There is always a need for living space here and letting is possible at any time in Stuttgart.
Location Check
Energy
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Final energy consumption
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77.48 kWh/(m²a)
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Energy efficiency class
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C
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Energy certificate type
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consumption certificate
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Main energy source
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electricity
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Grundriss Wohnung Nr. 4
Energieausweis
Miscellaneous
Tenancy:
The apartment has been rented since 01.07.2002, current rental income € 546.47 per month (€ 506.47 apartment + € 40 parking space) = € 6,558 / year. The last rent increase took place on 01.01.2024. The tenant also pays a service charge advance payment of currently € 53.53 per month.
Service charges or house money/month:
Monthly house fee according to the 2024 economic plan: € 48.19 (general electricity, waste collection, administration, rainwater fee, garden maintenance, garden supplies, insurance, other operating/administration costs (e.g. bank charges)) plus € 14.02 per month (€ 168.22/year) allocation to the maintenance reserve. Costs for heating (electricity) and water (own water meter per apartment) are paid by the apartment owner/tenant directly to the supplier and are not paid via the property management.
Reserves:
Reserves of the condominium owners' association as at 31.12.2024: € 62,770.34. According to the co-ownership shares, the apartment has a calculated credit balance of around € 5,775, which is included in the purchase price.
An investor who would like to rent the apartment to the excellent tenant on a long-term basis is preferred over an owner-occupier.
No estate agent inquiries welcome.
Broker inquiries not welcome! According to § 7 UWG, unsolicited contact by brokers without the express consent of the recipient is prohibited!
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