4-room apartment with TOP yield, adjacent to Bayernkaserne development area

The property
This beautifully designed and bright 4-room apartment on the fourth floor offers excellent views to the north-east and south-west as well as a very quiet residential area. There are literally no neighbors to be heard on the top floor. The roof was completely re-insulated a few years ago so that it is neither too cold in winter nor too hot in summer. The building also has full thermal insulation on the exterior facade. A covered balcony with awning, which has just been renovated, offers a nice place to linger or have a barbecue. The apartment has an optimal floor plan that provides access to three rooms, the bathroom and the kitchen from the central hallway. A fourth room can be reached from the living room. However, if rented out as a shared flat, it would be possible to separate the rooms in such a way that the fourth room would also have direct corridor access. The fully furnished fitted kitchen is in good condition and has a dishwasher, fridge/freezer, Miele stove and oven and extractor fan. The spacious bathroom has a shower cubicle, towel dryer, WC and washbasin. All rooms feel spacious, especially the living room with its wide window front. The apartment also has a cellar compartment. The apartment and cellar are currently rented until 30.09.2024. The total rent for the apartment and the separately rented cellar is EUR 2,759.00 warm. If interested, the apartment can also be handed over newly rented or vacant.

Perspective
There is a large construction project in the immediate vicinity, the new construction of a complete city quarter on the site of the former Bayernkaserne. Further stores, schools, kindergartens, doctors' surgeries and public transport connections are being built here - all less than 20 m from Paracelsusstraße 2. This new development can be expected to increase the value of the property, particularly as an investment.

Macro location
The cosmopolitan city of Munich, center of the Munich metropolitan region with approx. 6.2 million inhabitants and the third largest municipality in Germany with approx. 1.5 million inhabitants, is very popular as a place to live due to its numerous legislative and judicial institutions, its universities and research facilities, its museums and its wealth of companies. Its proximity to lakes and recreational areas, the Alps and the international airport in Erding make Munich extremely popular with tourists and, of course, with the lucky people who are allowed to live and work here.

Micro-location
The multi-party apartment building at Paracelsusstraße 2 is located in the Milbertshofen district in the northern part of Munich, in a quiet cul-de-sac. Supermarkets (Aldi and Edeka), bakeries, Domino's Pizza and other restaurants can be found in the immediate vicinity of the apartment. There is also a gas station with a store open around the clock on Heidemannstraße (5 minutes' walk). Opposite house number 2 is a large park with a playground, which offers plenty of space for walkers, dogs and children. If you continue through the park, you will reach the Euro-Industrie-Park (Helene-Wessel-Bogen), just a few minutes' walk from the apartment.