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Core renovated & future-proof - ground floor apartment with district heating, elevator & fully equipped

Geibelstr. 32, 76185 Karlsruhe (Mühlburg) – Baden-Württemberg
175.000 €
1
Room
28 m²
Living Area
Private offer
apartment
ground floor apartment

Refurbished ground floor apartment with district heating, elevator & fully equipped - ready for immediate occupancy

This high-quality, core-renovated 1-room apartment on the mezzanine floor of a well-kept apartment building in Karlsruhe-Mühlburg combines a solid building structure, modern technology and attractive usage options - for capital investment, owner-occupiers or senior-friendly owner-occupation.
The apartment is vacant and available immediately. It was completely modernized in 2019/2020. Were renewed: Windows with shutters, electrics including fuse box, water pipes, bathroom, radiators, laminate flooring, doors and ceilings with integrated LED spotlights. The fitted kitchen with brand-name appliances and the complete furnishings are included in the purchase price - a furnished rental can start immediately.
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🏠 Equipment & living comfort
- First floor (raised first floor) - only three steps, ideal for senior citizens, fitters or owner-occupiers
- Elevator to basement & attic - barrier-free access to both condominium rooms
- District heating connection agreed & paid for (share approx. € 1,200) - conversion in progress
- Separate kitchen with window & door - rare for 1-room apartments
- Bathroom with shower & hot water boiler - fully functional & well maintained
- Häcker fitted kitchen with Blaupunkt appliances - sink, hob, fridge, wall units
- Living room with dining area - 2-3 sleeping places possible, can be flexibly furnished
- LED ceiling spots, laminate flooring, modern doors - well-kept overall impression
- Windows facing the street (east side) - friendly lighting conditions, no rear-facing location
- Communal courtyard with bicycle parking spaces - clean, safe, usable for all owners
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💰 Highly profitable & plannable rental
This apartment was rented furnished to fitters for many years - with verifiable gross rents of up to € 1,800 per month. This concept can be continued immediately with little effort. Interesting from a tax perspective: Due to the completed refurbishment, there is no 15% depreciation limit to consider. This makes this apartment ideal for investors.
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📐 Room layout & areas
- Approx. 28 m² living space according to measurements
- 1 room with dining area, space for bed(s) & storage space
- Separate kitchen with window
- Bathroom with shower and modern hot water boiler
- Cellar & storage in separate ownership - easily accessible by elevator
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💡 Technical data
- Energy certificate: consumption certificate, class D, 116 kWh/(m²-a)
- Heating: central oil supply (conversion to district heating actively in progress)
- Radio meter for consumption-based billing
- TV connection freely selectable, no provider commitment

🏢 COA:
- 17 units, reserve € 105,581 (as at 12/2024)
- Active management & advisory board (owner-occupier in the building)
- No renovation backlog, well-maintained condition
- Bicycle/car yard for communal use
- Apartment has 24/1,000 MEA

Economic plan 2026
- House rent: € 208/month, of which:
- 138.74 € apportionable
- 34.38 € not apportionable
- 35 € allocation to reserves
- Reserve formation of the WEG: approx. € 17,500/year
- Reserve as at 31.12.2024: € 105,581 (of which pro rata apartment € 2,533.95)
- 2025 property tax assessment: € 36.13

🚀 Future-proof through measures:
In 2023, the decision was made to switch from the old oil heating system to district heating. A special contribution of € 50,000 was decided and has already been collected - this apartment's share (€ 1,200) has been paid. The connection to the Stadtwerke network will be made by a specialist company and the transfer station is planned for 2025.
This measure will improve the apartment's energy efficiency, security of supply and long-term ancillary cost benefits. A strong argument on the bank side too.

Are you interested in this apartment?

Object Number
OM-368409
Object Class
apartment
Object Type
ground floor apartment
Is occupied
Vacant
Handover from
immediately

Purchase price & additional costs

purchase price
175.000 €
Purchase additional costs
approx. 11,594 €
Total costs
approx. 186,593 €
HOA fee
208 €

Breakdown of Costs

Purchase price 175.000 €
Real estate transfer tax 8,750 € (5.00%)
Notary costs 1,878 € (1.07%)
Land register entry 966 € (0.55%)
Broker commission 0€ (0%)

* 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: 649€

More accuracy in a few seconds:

By providing some basic information, the estimated monthly rate is calculated individually for you. For this and for all other real estate offers on ohne-makler.net

Based on equity 20% of the purchase price plus the purchase incidental costs / 10 years fixed interest rate / 2% initial repayment / Effective interest rate 3.56%

Details

Condition
as good as new
Number of floors
5
Level
ground floor
Usable area
8 m²
Bathrooms (number)
1
Bedrooms (number)
1
Flooring
laminate, tiles
Heating
central heating
Year of construction
1970
Equipment
basement, elevator, fitted kitchen, barrier-free
Infrastructure
pharmacy, grocery discount, general practitioner, kindergarten, primary school, secondary school, middle school, high school, comprehensive school, public transport

Information on equipment

🛠️ Furnishings & refurbishment standard - high-quality, future-proof, ready for immediate use
The apartment was extensively refurbished in 2019/2020 and furnished to a high standard. All work was carried out professionally by specialist companies. The condition is as good as new and well-maintained, the furnishings are ideal for owner-occupiers or furnished rentals.

🔧 Refurbishment in detail:
- New electrics incl. fuse box
- New water and sewage pipes
- New bathroom with large shower, passive ventilation & Stiebel-Eltron boiler
- High-quality Häcker fitted kitchen with Blaupunkt appliances from (Bosch/Siemens Group): Stove, microwave, washing machine
- New plastic windows with roller shutters
- New room doors
- Suspended ceilings with LED ceiling spots in all rooms
- Tiles in hallway & bathroom, laminate in living area
- All wall surfaces newly wallpapered and painted

⚡ Future-oriented preparation:
This apartment is prepared for the planned renewal of the WEG power supply:
- Ceiling in hallway suspended (plasterboard)
- New main line can be laid without chiselling work
→ Time, noise and cost benefits when implemented by the WEG

🔌 Further features:
- Separate kitchen with window & door
- Sink unit with base cabinet & tap
- LED spotlights in all areas
- TV connection prepared (cable contract terminated)
- Radio meter for digital consumption recording
- Hot water via electric boiler - apportionable
- Kitchen & washing machine included in the purchase price (furniture optional)
- Cellar and storage in separate property, accessible by elevator
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🏢 Condition of the residential complex - solid condominium, clear structure, no renovation risks
The community of owners at Geibelstrasse 32 is solidly structured, professionally managed and actively maintained. In recent years, all relevant measures have been decided, implemented and partly financed from reserves.

✅ Measures already implemented:
- 2008: Replacement of the risers
- 2012: Renovation of the balconies (front)
- 2014: Façade insulation & new fire escape
- 2015-2020: Decisions on windows, doors & apartment openings
- 2021: Elevator completely renewed (approx. € 45,000)
- 2023: District heating conversion decided
- 2024/25: Proportionate special contribution for district heating connection (€ 1,200) already paid

📅 Planned measures (clear costs & without obligation to pay a levy):
- Electrics: new main distribution board in the house
- Upper floor balconies at the back: WEG-financed refurbishment (without apportionment)
- No obligation to replace cables in apartments

📈 Advantages for buyers:
- All measures are clearly regulated and calculable
- No further special levies decided
- 15% limit not exceeded for tax purposes
- Subsidy possible through district heating connection
- No maintenance backlog - can be used immediately
- Investors benefit from a clear depreciation basis
- Can be let immediately - no investment obligation

Location

📌 Location description - Karlsruhe-Mühlburg: urban, green, well connected

The apartment is located in Karlsruhe-Mühlburg, a mature district with a stable social structure, high quality of living and excellent infrastructure. The central location with short distances to the city center, combined with green surroundings and good public transport connections, makes this location particularly attractive - both for owner-occupiers and investors.
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🛒 Local amenities & everyday life - all within walking distance
- Supermarket (approx. 250 m), bakery, butcher & weekly market
- Pharmacy & drugstore: only 3 minutes on foot
- GP, dentist & physiotherapist in the immediate vicinity
- "Philippstraße" streetcar stop: 4 minutes on foot
- Karlsruhe city center: 2 km - can be reached by streetcar in 8 minutes
- Karlsruhe Hospital: 1.2 km away - very close to the employer
- Fanny-Hensel-Anlage (park): only 300 m away
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🚶 Ideal for car-free living
Thanks to short distances to shops, doctors, bus stops and leisure areas, this location is particularly suitable for people who want to live an urban, sustainable and car-free life - e.g. senior citizens, students, commuters or renting out apartments to fitters.
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🌳 Urban living space with a green focus
The combination of urban living and direct access to parks makes Mühlburg popular with young and old. The Fanny-Hensel-Anlage, nearby sports facilities and walking paths offer quality of life in everyday life - with easy access to schools, universities, clinics and city center facilities.
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🚆 Mobility & sustainability
- Directly connected by streetcar lines 2 & 6
- Close to the B10, Südtangente and Weststadt
- Good bicycle infrastructure & car sharing offers
- Future district heating connection in the district brings energy benefits
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📈 Location with prospects
Karlsruhe-Mühlburg is benefiting from general urban development, targeted modernization and high rental demand across all age groups. The active community of owners, the decision to convert to district heating and the excellent rentability make this location particularly interesting for investors with a vision.

Location Check

Restaurants
100m
Einkaufen
50m
Medizin
150m
Sport
250m

Energy

0 50 100 150 200 250 300 350 400 ≥450
Energy certificate type
consumption certificate
Main energy source
oil
Energy consumption value
116.00 kWh/(m²a)
Energy consumption for hot water included

Miscellaneous

📌 Miscellaneous - commission-free, solidly managed, attractive from a tax perspective, energy advantage
The apartment has no balcony and no parking space, but it does:
- Own cellar & storage - easily accessible by elevator
- Well-maintained communal areas & professional management
- Long-standing management with a reliable advisory board
- House community with several owner-occupiers - good communication, stable structure

🧾 Conclusion - well thought-out investment with immediate cash flow
This apartment is:
- Core refurbished & ready for immediate occupancy
- Proven to have been successfully rented furnished
- Ideally integrated into a committed WEG with good reserves
- Bankable thanks to transparent service charges and clear responsibilities

📊 Advantages for buyers:
- Capital investors: Can be rented out immediately, no 15% depreciation hurdle
- Owner-occupier: first floor, barrier-free, quiet & central
- Senior citizens: ground floor apartment, elevator to basement & attic
- Technically prepared for district heating connection & new electrical main line
- WEG reserve: over € 105,000 (of which pro rata apartment € 2,533.95)
- House fee: only € 208/month (of which € 138.74 is apportionable)
- Pro-rata special district heating levy already paid in full
- No additional costs from planned electrical modernization - this unit is already prepared

♻️ Energy efficiency with a future:
- Currently valid energy certificate available
- After the district heating connection, the energy rating will improve significantly again
→ Advantage for financing & future rentability

🔒 Secure, plannable, commission-free
- Sale directly from the owner, without estate agent
- Complete documentation & transparent history
- Available immediately - ideal for moving in or renting out

✅ Conclusion - 6 reasons why this property is a winner:
1. core refurbished & as good as new
Technically up to date 2020: new electrics, windows, bathroom, kitchen, floors, ceilings - ready for immediate occupancy without renovation risk.
2.secure house community & top managed
All WEG measures decided, paid for & implemented. Solid reserve (>105,000 €), no special levies planned.
3. high rental yield possible
Historic gross rents of up to € 1,800/month for furnished tenants. Also ideal for students, singles, senior citizens.
4. future-proof energy supply
District heating connection already paid for & being implemented - energy certificate improves significantly. Positive for financing & depreciation.
5 Flexible use & attractive for tax purposes
Investors avoid the 15% hurdle and benefit from immediate depreciation. Owner-occupiers receive a quiet ground floor apartment with elevator, free of occupancy.
6. commission-free direct sale from the owner
No estate agent - fast, transparent transaction. Available immediately with full documentation.
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📌 Move in or rent out - this apartment offers everything that makes for future-proof real estate.

Broker inquiries not welcome! According to § 7 UWG, unsolicited contact by brokers without the express consent of the recipient is prohibited!

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