Investment opportunity with no brokerage fees: 2 apartments in the heart of Erlangen. 2 out of 4 have already been sold.

BASIC INFORMATION
Type of property: Apartment
Street: Westliche Stadtmauer Str. 50
Town: 91054 Erlangen
Year of construction: 1957
Purchase price Apt. 1: €110,000.00
Purchase price Apt. 2: €110,000.00 (already sold)
Purchase price Apt. 3: €110,000.00
Purchase price Apt. 4: €115,000.00 (already sold)
IMPORTANT DETAILS
Elevator: Yes
Floor: Ground floor
Base rent Apt. 1: €325.00 per month. Base rent Apt. 2: €300.00 per month (sold).
Base rent Apt. 3: €295.00 per month. Base rent Apt. 4: €300.00 per month (sold).
Maintenance fees Apt. 1: €172.00 per month. Maintenance fees Apt. 2: €165.00 per month (sold).
Maintenance fees Apt. 3: €220.00 per month. Maintenance fees Apt. 4: €163.00 per month (sold).
Modernization of common areas: 1997
Condition: Very well maintained
Energy source: Gas
Number of floors in the building: 4

You can view all property documents by following the link on the property brochure. Please note the information for potential buyers on the second-to-last page of the brochure:

The apartments offered are in a well-maintained overall condition. Over the past few years, regular renovations have been carried out, ensuring that the units are always in an appealing and rentable condition. Sanitary facilities: repeatedly modernized, with sanitary fixtures gradually replaced. Walls and surfaces: after each tenant change, professional renovations were carried out, including a fresh coat of paint, ensuring that the apartments are always presented in a contemporary style. Flooring: all units are equipped with high-quality engineered wood flooring or laminate, professionally installed and maintained in excellent condition. This continuous maintenance ensures long-term value preservation and minimizes immediate maintenance costs for investors. For investors, this means: no backlog of renovations, a solid foundation, and immediate rental potential – combined with the possibility of significant rent increases, as previously mentioned, this represents an extremely attractive investment.

LOCATION DESCRIPTION
The property is located in a prime city center location in Erlangen, at Westliche Stadtmauerstraße 50. This central address combines urban living, excellent accessibility and high location quality - factors that are of particular importance for owner-occupiers and investors alike.

Surroundings & location quality
Premium location close to the city center: Westliche Stadtmauerstrasse is located on the edge of the historic old town. The immediate proximity to shopping facilities, restaurants, cultural and leisure activities makes the location equally attractive for singles, couples and professionals.
High demand: apartments in city center locations like this are in constant demand in Erlangen - both on the rental market and for resale. The proximity to the university, hospitals and Siemens headquarters ensures that demand for living space remains high.
Liveliness & charm: historic buildings meet modern infrastructure here. This mix makes the district particularly liveable and increases its attractiveness for long-term tenants.

Infrastructure & connections
Optimal accessibility: Erlangen main station is within walking distance, bus routes run in the immediate vicinity.
Short distances in everyday life: supermarkets, pharmacies, cafés and restaurants are available in the immediate vicinity. Everything for daily needs can be done without a car.
Economically strong location: Erlangen is considered one of the strongest economic cities in Bavaria. Employers such as Siemens, Friedrich-Alexander University and the Max Planck Institutes ensure a stable demand for living space.