Very nice & large 1-room apartment with balcony from private owner

The newly renovated apartment is located on the first floor of a very well-kept complex that is mainly inhabited by students. The complex was built in 1994 and is managed by a professional property management company.

The apartment is currently not rented and is therefore suitable for owner-occupiers and investors. There is also an underground parking space, which has a purchase price of €15,000.

For investors, we offer to find a suitable tenant. At the owners' meeting in 2023, it was decided to rent unfurnished apartments for at least €13.50, more likely €14.00 per sqm. As the market has experienced further rent increases since then, a basic rent of €400 for the apartment and at least €55 for the underground parking space can certainly be assumed. If the apartment were to be let furnished, significantly more would be possible and would significantly increase the expected yield of at least 4%.

The monthly house fee for the apartment is €155 and for the underground parking garage €22, most of which can be passed on to the tenants. This house fee even includes electricity, which shows how low the ancillary costs are.

Regardless of whether you want to live in it yourself, make it available for your children to study in or use the apartment as an investment. In any case, it is a good way to provide for old age and the resident will enjoy a modern apartment with a high level of living comfort and their own balcony with a view of the green communal garden.

In the apartment itself, the flooring and the kitchenette (included in the price) were recently renewed. Several small renovations have also been carried out. So you don't need to worry about anything and you can move straight in.

The residential complex is located in a quiet, centrally located residential area directly in Eichstätt and thus enables short distances to the university, city and various shopping facilities. There is a bus stop and bicycle parking right outside the door.