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Fully let MFH in attractive residential area
97980 Bad Mergentheim – Baden-WürttembergSummary:
-Sale price: €1.5 million
-Rentable living space: 803 m² => sales price corresponds to € 1,870 / m² living space
-Annual net cold rent ACTUAL: approx. € 101,000 p.a. => Sales price corresponds to 14.9 times or 6.7% gross initial yield
-TARGET annual net cold rent: approx. € 106,000 p.a. => sales price corresponds to 14.2 times or 7.1% gross initial yield
-Further expansion and extension potential available
-Free of commission directly from the owner
The property on offer is an attractive residential property in a prime residential area of Bad Mergentheim. Quiet yet centrally located with a predominantly south-facing orientation, tenants can enjoy sun-drenched rooms and views over Bad Mergentheim in their apartments.
enjoy.
The 9 apartments in the property, most of which have a balcony or terrace, are currently all let and generate an annual net cold rent of around €100,000. Through possible indexation and a rent increase in the course of a change of tenant, there is the possibility of increasing the annual net cold rent by more than 5% to over € 105,000.
The property was built in the 1970/1980s and has been continuously maintained. Extensive renovation work was carried out in the property in 2022 (including replacing the flooring in some apartments, renovating some bathrooms and replacing some of the windows).
In the short to medium term, investments need to be made in the roof in particular in order to maintain a well-kept condition.
There is also the possibility of creating further apartments by converting previously unused areas and/or extending the property on the existing plot.
Are you interested in this offer?
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Object Number
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OM-335970
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Object Class
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apartment building or investment property
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Object Type
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apartment building
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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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1.500.000 €
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Purchase additional costs
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approx. 92,934 €
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Total costs
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approx. 1,592,933 €
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Price per m²
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1,868.00 €
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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: 5,260€
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Details
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Condition
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renovated
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Year of last modernization
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2022
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Number of floors
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4
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Total area
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1200 m²
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Number of parking lots
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23
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Net rental income (target) p.a.
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105000 €
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Net rental income (actual) p.a.
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100800 €
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X-times rental income
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14.90
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Flooring
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carpet, vinyl / PVC
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Heating
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central heating
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Year of construction
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1973
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Equipment
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balcony, elevator
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Infrastructure
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pharmacy, grocery discount, general practitioner, kindergarten, primary school, secondary school, middle school, high school, comprehensive school, public transport
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Information on equipment
-Heating via district heating
-The apartments are almost completely equipped with fitted kitchens or kitchenettes
TÜV-certified, maintained and operational elevator available
Location
The property is located in an upscale and quiet residential area in the spa town of Bad Mergentheim. It is close to the town center, which has all the important local amenities.
Public transport, doctors, restaurants, cafés, bakeries and other shopping facilities are all within walking distance of the property. The residential palace, the beautiful spa gardens and playgrounds are also in the immediate vicinity.
Location Check
Energy
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Main energy source
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district heating
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Miscellaneous
Topic portals
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