Free of commission from the owner: Rented 2ZKB-EG apartment in Heslach

Features: 2 rooms with parquet flooring, a kitchen with a built-in kitchen that is a few years old, an older shower room/toilet with a window, a small entrance hall with access to all rooms in the apartment, and heating provided by three individual gas heaters (one in each living room and one in the kitchen). Hot water is provided by a tankless water heater. There are two cellar rooms, one of which is directly connected to the apartment, making it a perfect storage space for items you want to access quickly but that shouldn't occupy living space. There is no balcony, but the building has a small garden. Currently, the garden is not usable, as the grounds around the building have been neglected for years. However, this should be something that can be improved. Since I have owned the apartment, it has always been easy to rent out. The current tenant has been living there since April 1, 2021, and would be happy to continue the lease. The base rent is €600 plus €120 for utilities, effective April 1, 2025. My asking price is €209,000. Included in the sale price are the relatively new fitted kitchen and a share of €6,234.81 from the building's maintenance reserve fund (as of December 31, 2024; the reserve fund for the entire 9-unit building is €59,950.11). The last major renovation of the building (roof, facade, balconies) took place approximately 13/14 years ago. Currently, no major work is planned. The homeowners' association has become more closely united since the need arose two years ago to separate from the previous property management company, and they are managing their finances well. The newly appointed property management company has proven to be approachable, dedicated, and competent, and has been able to address a significant portion of the previous neglect in the common areas within a year. The garden should also be mentioned. While there is a need for renovation in the private ownership area, this has been taken into account when determining the purchase price. This is particularly true for the bathroom: it functions adequately, but it has been in place since approximately the 1970s. A renovation would naturally enhance the value of the apartment. The same applies to individual gas heaters: they work perfectly, but they have long been considered outdated. Replacing them with a central gas heating system would be a waste of money. However, with the approval of the owners' association, it would be possible to supplement the individual heaters with an air-to-air heat pump (a multi-split air conditioning system with two indoor units) at a cost of only a few thousand euros. Gas would then only be used when necessary, on very cold winter days. Individual gas heaters also function in the event of a power outage, which is another reason to keep them as a backup. We are currently converting our own house to air-to-air heat pumps. Please feel free to contact me if you are interested in learning more. So, while this apartment might not be a "perfect fit" for everyone, it offers promising options for improvement, both within the apartment itself and within the owners' association. Furthermore, it boasts a quiet and green location, yet is very close to the center of the Heslach district and well-connected to the city center of Stuttgart by public transport. And: like so many historic buildings from the Gründerzeit era, the house is simply beautiful. The monthly service charge is 190 euros and includes a maintenance reserve of 26 euros, as well as the usual expenses such as property management fees, water and waste disposal, insurance, and a cleaning service. Therefore, tenants do not need to clean the common areas themselves. Heating costs are not included in the service charge and are billed directly to the tenant by the utility provider. The property is being sold directly by the owner, without commission. We will not be responding to inquiries from real estate agents; we appreciate your understanding.