Attractive residential ensemble as a solid capital investment or future home in Wiesloch-Baiertal

Are you looking for a solid investment property or a promising home? Then this residential complex in Wiesloch-Baiertal could be just what you're looking for. Its central, well-connected, yet naturally appealing location makes the property particularly attractive. Here's a brief overview:
Land: 551 m²
Buildings and Status: Front house and rear house, a total of 4 residential units, plus storage space. The apartment in the rear house is immediately available.
Parking: 2 garages
Technical Features: Gas central heating system installed in 2017.
Financial Highlights:
Fixed Price: €540,000 – directly from the owner, no commission.
→ The effective price per square meter is significantly below the usual level for comparable, partially renovated older multi-family homes in the region.
Land Value (BORIS-BW): €510/m² → €281,010. In this sought-after location, the actual market value is usually higher.
Target Annual Rent (at full occupancy): Approximately €26,940 (calculated conservatively).
Gross Yield: Approximately 5.0% (based on a factor of 20).
This property consists of two separate buildings on a 551 square meter lot:
The front house was built in 1912 as a single-family home and was significantly expanded and renovated in 1962. The property comprises two well-designed apartments, each approximately 55 square meters in size, one of which has a balcony, as well as a converted attic space. All apartments in the main building are tenanted to long-term residents and feature bathrooms with natural light. The apartments on the upper floors and in the attic were extensively renovated in 2019 (including plumbing, electrical systems, bathrooms, radiators, doors, and flooring). The entire house is fully cellared, providing additional storage space. Behind the main building is a second structure, built in 1982. The ground floor of this building contains two garages and further storage areas. Currently, access to the garden is via one of the garages in the rear building. On the upper floor, there is an apartment with two rooms and approximately 65 square meters of living space, which is immediately available. In addition, there is a large roof terrace, from which it would be possible to create direct access to the garden. The attic offers further potential for development. This residential complex therefore provides unique and flexible possibilities. It can be used as a pure investment property with a good and secure return. Alternatively, you could consider using the property as a multi-generational home, or you could live in the charming building at the back and use the rental income from the other units to help finance it. No inquiries from real estate agents, please. All information is based on the data available to me. I cannot guarantee the accuracy or completeness of the information provided. The terms and conditions outlined in the purchase agreement are legally binding.

The property is conveniently located in the center of Wiesloch-Baiertal, yet close to nature. The stores for daily needs are within walking distance. There is a bus stop in the immediate vicinity of the house.