Commission-free: Empty apartment with balcony & outdoor parking space - approx. 6 % yield possible!

For sale is a 3.5 room apartment in need of renovation, centrally located in Geislingen, which is ideal for craftsmen, investors and families. The floor plan of the property is also suitable for renting out as a shared flat (FH Geislingen).

Property data
Rooms: 3.5
Living space: approx. 70 m²
Type of apartment: Apartment
Floor: 1 of 3
Number of parties: 24

Furnishings and fittings
Balcony: Yes
Central water treatment: Yes
Garden: No
Cellar: Yes
Roof platform: No
Fitted kitchen: No
Daylight bathroom: No
Guest WC: Yes
Number of parking spaces: 1
Parking space type: Outside parking space
Listed building: No
Elevator: Yes
Internet speed:
up to 1,000 Mbit/s possible

Price
Purchase price apartment: € 149,900
Purchase price for parking space: included
Buyer's commission: none
Annual property tax apartment: € 76.54

Building fabric
Property condition: in need of renovation
Year of construction: approx. 1977
Last renovation: 2015 (windows)

Energy certificate
Energy certificate: consumption certificate
Energy consumption: 98 kWh(m2*a)
Energy class: C
Heating type: Central heating
Main energy source: Oil

Property management
Property management: Yes
Janitor service: Yes
Sweeping by service provider: Yes

Reserves (WEG) as of 31.12.2023: approx. € 77,095.82
Reserves (apartment) as at 31.12.2023: approx. € 3,330.54
No. Residential unit (according to the declaration of division): 4
Co-ownership share (MEA): 432/10,000
House rent: approx. € 242 / month
Share of addition to reserves: approx. € 69 / month
Of which apportionable (to the tenant): approx. 158 € / month

Occupancy
Available from: immediately
Status: currently empty

Own use or capital investment?
For capital investors, letting would achieve a gross initial yield of approx. 6.1 % (monthly rental income approx. € 735 plus € 30 for the underground garage, annual net cold rent approx. € 9,180).

Furnishings:
- 3.5 rooms (2 bedrooms & 1.5 living and dining rooms)
- bright rooms
- 3-wire electrics with earth leakage circuit breaker and electric intercom system
- Double-glazed plastic windows with shutters (replaced in 2015)
- all floors made of PVC
- Separate guest WC
- Ceiling height is 2.56 m
- Large covered balcony facing west
- interior bathroom with bathtub, washbasin & washing machine connection
- large basement room in the basement with window, light & electricity
- outdoor parking space in front of the house
- communal garden, bicycle cellar & drying room

The apartment at Witzlebenstraße 16 is located in the heart of Geislingen an der Steige and benefits from an excellent infrastructure.

Shopping facilities: In the immediate vicinity of the apartment you will find numerous stores for your daily needs, including supermarkets, bakeries and drugstores. The city center with further shopping options is within easy walking distance.

Doctors and healthcare: Medical care is optimal: several general practitioners, specialists and pharmacies are located in the surrounding area. The Geislingen hospital is just a few minutes away by car or public transport.

Schools and educational facilities: Various educational institutions are available for families with school-age children. There are several primary and secondary schools in Geislingen, as well as secondary schools such as Realschulen and Gymnasien. The Nürtingen-Geislingen University of Applied Sciences (HfWU) also offers various courses of study.

Infrastructure and transport links: The transport connections are excellent: Geislingen is located on the B10 and B466 federal highways as well as on the Filstalbahn line from Stuttgart to Ulm. Geislingen railroad station is served by hourly regional and regional express trains to Stuttgart, Plochingen and Ulm. There are also numerous bus routes in the urban area.

Leisure and recreation: The surrounding area offers a wide range of leisure activities. The "five-valley town" of Geislingen is known for its scenic beauty and the "Eybtal" nature reserve, which covers an area of over 1,300 hectares. Facilities such as the Fünf-Täler-Bad are also available for sporting activities.

Summary: The apartment at Witzlebenstrasse 16 is characterized by its central location, which allows for optimal access to all important facilities for daily needs. Thanks to the excellent transport links, both regional and national destinations are within easy reach.