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Condominium with 6.5% rental yield for apartment building

66115 Saarbrücken (Malstatt) – Saarland
101.500 €
3
Room
56.19 m²
Living Area
apartment

This apartment in an apartment building, which is being offered with a gross rental yield of 6.5%, comprises 18 units, including 16 apartments and 2 commercial units on the first floor. The building extends over four floors, excluding the attic and basement, and has a full basement. The living space is 56.14m². The house was built in 1959 and stands on a 654.2 square meter plot. The energy consumption is 114 kWh per square meter per year, which corresponds to energy efficiency class D.

The apartment is rented out at a basic rent of € 550, which corresponds to a gross rental yield of 6.5%. The last rent increase took place in April 2024.

In addition to the apartment on offer, there are other apartments already rented out in the building that are available for sale. The pictures are sample pictures. Actual pictures are not available.

The structural condition of the building is good, there is no maintenance backlog. The roof dates from the year of construction and is lightly insulated, with no need for renewal. The façade was repainted in 2014. The oil central heating was installed in 2017 and the class A circulation pump was replaced in 2023. The water heating is decentralized via gas and electric boilers.

The apartment represents an attractive investment opportunity as it offers a solid return and is in good structural condition with no immediate maintenance required.

Are you interested in this apartment?

Object Number
OM-374915
Object Class
apartment
Object Type
apartment
Is occupied
Occupied
Handover from
immediately

Purchase price & additional costs

purchase price
101.500 €
Purchase additional costs
approx. 8,520 €
Total costs
approx. 110,020 €
HOA fee
230 €

Breakdown of Costs

Purchase price 101.500 €
Real estate transfer tax 6,598 € (6.50%)
Notary costs 1,267 € (1.25%)
Land register entry 656 € (0.65%)
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: 409€

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 4.04%

Details

Condition
well-kept
Number of floors
5
Level
2nd floor
Usable area
5 m²
Bathrooms (number)
1
Bedrooms (number)
3
Flooring
laminate, tiles, vinyl / PVC
Heating
central heating
Year of construction
1959
Equipment
balcony, basement, shower bath, fitted kitchen
Infrastructure
pharmacy, grocery discount, general practitioner, kindergarten, primary school, secondary school, middle school, high school, comprehensive school, public transport

Information on equipment

The building was constructed in 1959 and is in good condition with no maintenance backlog.

The windows are made of double-glazed PVC and are in good condition. The roof dates from the year of construction and is lightly insulated, with no need for renewal. The oil central heating was installed in 2017. In addition, the class A circulation pump was replaced in 2023, further improving energy efficiency. The water heating is decentralized via gas boilers and ensures a constant supply of hot water.

The building has a full basement. There are separate lockable storage areas for each residential unit and 2 separate cellar rooms for the two commercial units.

Location

The property is located in 66115 Saarbrücken, in the Malstatt district. This location is characterized by its central yet quiet surroundings. There are various shopping facilities, restaurants and cafés in the immediate vicinity to meet daily needs. There are excellent public transport links, with the Saarbahn Turnerstraße stop and several bus stops nearby, providing quick connections to Saarbrücken main station and other parts of the city.

Ludwigstraße itself is a quiet residential street characterized by well-kept apartment buildings and small businesses. The nearby Malstatt market offers additional shopping opportunities and a lively atmosphere. For leisure activities and recreation, there are several parks and green spaces in the surrounding area that are ideal for walks and sporting activities.

Overall, the location of the property offers an ideal combination of urban living and a quiet residential atmosphere.

Location Check

Health
Eating Out
Shopping
Child Friendliness

Energy

Final energy consumption
114.00 kWh/(m²a)
Energy efficiency class
D
Energy certificate type
consumption certificate
Main energy source
oil

Miscellaneous

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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Offer from: Alexander Zehe

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