Attention investors: Charming 4-room apartment in a sought-after location in Bamberg

This bright 4-room apartment in Bamberg impresses with its simple charm, a practical room layout and a stable tenancy - an ideal basis for investors.

Welcome to your new investment! This well-kept 4-room apartment is located on the 3rd floor of a solid apartment building from 1960. With a living area of approx. 81 m², it offers plenty of space and a pleasant room layout.
The heart of the apartment is the spacious living room, which offers plenty of natural light and an inviting atmosphere. Three further rooms can be used flexibly as a bedroom, children's room, dining room or study. The separate kitchen keeps cooking smells away from the rooms to stay in. A bathroom with shower completes the offer.

The apartment is currently rented to an older couple in their eighties. The monthly net rent is €435 (€4.94/m²). This is an interesting opportunity for investors, as the rent still offers upward potential based on the Bamberg rent index (median: €6.64/m² for comparable apartments) (target rent €537.84 according to the rent index, gross yield approx. 4%). The last rent adjustment was made by mutual agreement in 2019.
The apartment also includes a special right of use for a cellar compartment and a garage at the rear of the property.

The communal property is pragmatic and generally well maintained in keeping with the year of construction, but still offers potential for future modernization. A particular potential of this property lies in the possibility of carrying out energy-efficient modernizations. If the condominium owners' association (WEG) decides to do so, these measures can reduce energy consumption in the long term and increase the value of the property. In addition, tenancy law (Section 559 of the German Civil Code) allows part of the modernization costs (8% of the pro rata modernization costs per year, subject to the statutory limits and deadlines) to be passed on to the rent, which increases the return on investment. Subsidy programs such as KfW grants can reduce costs and facilitate implementation. Such measures offer attractive prospects for investors.
The apartment is less suitable for owner-occupiers with immediate needs due to the current tenancy.
The apartment is therefore ideal for investors who want to benefit from a stable tenancy and long-term appreciation potential. The energy efficiency measures could optimize consumption and increase rental yields in the long term. The excellent location in a university town like Bamberg makes the property even more attractive.

The apartment is located in the popular Gönnerstraße in the Wunderburg district of Bamberg - a city full of charm and history. Bamberg offers an excellent infrastructure with shopping facilities, schools, doctors and leisure activities in the immediate vicinity. The train station and the city center are both within a quarter of an hour's walk. Bus routes 905 and 936 both stop directly in front of the building. The UNESCO World Heritage city of Bamberg attracts not only residents but also many tourists, which makes the location attractive in the long term.
As a university town with around 11,000 students at the Otto Friedrich University and the expansion of forward-looking courses of study, such as the Faculty of Business Informatics and Applied Informatics, and as an important economic center in Upper Franconia, the location is considered future-proof with opportunities for positive development.
The neighborhood between Gärtnerstadt and Wunderburg is close to the Marienbrücke bridge and is characterized by a quiet residential area that also offers good connections to the city center. Public transport is within walking distance, as are green spaces and parks for recreation.