5% cash cow for sale in Bad Kissingen!

Dear investors,

Thank you for your interest in this real estate offer!

For sale is a detached apartment building in a quiet location in Bad Kissingen. The solidly constructed building is located in a cul-de-sac in the central district of Winkels. It has four apartments, two garages with parking spaces and ample garden space.

The house was built in 1975. It was extensively modernized in 2015/16, resulting in a fictitious year of construction of 1990 according to ImmoWertV. This includes the renewal of the electrics, intercom system, water pipes, bathrooms, floor coverings, satellite system, skylights and the installation of a gas condensing boiler as central heating. An energy certificate of "class D" with a final energy consumption of 108kWh/(m²*a) is available.

You have a magnificent view from the living areas and the loggias. The south-facing orientation spoils residents with sunshine all day long. Modern bathrooms, bright rooms and high-quality parquet flooring guarantee attractive rents.

The first floor apartment and the basement rooms have barrier-free access!

The windows on the west side of the building were replaced in 2024. All windows have roller blinds! In 2025, two roof windows were replaced, the roof tiles were checked and the chimneys were resealed. The large Velux roof windows on the south side have electric external blinds with remote control!

Each apartment has a modern fitted kitchen, including dishwasher and high-quality electrical appliances. These are the property of the landlord and are already included in the purchase price. Of course, these can be shown separately in the purchase contract.

The costs for water and heating are recorded via water meters and heat meters from Brunata. These were replaced in 2025 and converted to radio. The ancillary costs of the house are low at approx. 2.50 €/sqm. The legionella tests were always inconspicuous. Smoke detectors are installed and tested in accordance with regulations.

A service life report is available for the house. This certifies a useful life of 30 years, which increases the depreciation from 2.0% to 3.33%. The standard land value is €120/sqm, which results in a land value of €80,760. The remainder of the purchase price is attributable to the depreciable building!

The property is being sold after 10 years in the owner's possession for strategic tax reasons. The net cold rent is € 37,200/year! There have never been any rent arrears for this property. There are handover protocols and three net cold rent deposits for each apartment! The purchase price including ancillary purchase costs is approx. 740,000 euros. This corresponds to a yield of approx. 5%!

You are purchasing an investment property that works and generates income from the transfer of ownership. I look forward to hearing from you and will be happy to answer any questions you may have!

Kind regards