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Prime location near the Olympic Park – 3-room apartment with a south-facing balcony and underground parking in Schwabing-West.

80797 München (Schwabing) – Bayern
525.000 €
3
Room
66.13 m²
Living Area
Private offer
Apartment

Rare opportunity directly next to the Olympic Park: This bright 3-room apartment impresses with its quiet location on a dead-end street and its proximity to one of Munich's most beautiful green spaces. The spacious south-facing balcony, which runs the entire width of the apartment, and the well-designed layout make this apartment particularly attractive, both for owner-occupiers and for investors. The apartment is located on the 4th floor of a well-maintained apartment building and offers a very practical layout over approximately 66 m². All rooms are directly accessible from the hallway. The living room, with its large window front and access to the balcony, feels particularly bright and welcoming. Adjacent to the living room is another well-proportioned room, which is ideal as a children's room, guest room, or home office. The bedroom also offers a pleasant size and ample space for a large wardrobe. The kitchen is functionally designed and equipped with two opposing kitchen counters. The bathroom features a bathtub, toilet, sink, and a practical storage area. The apartment is in good condition. In 2011, the windows were replaced. In 2019, the flooring in the living areas was updated, and a new toilet was installed. In 2022, the bathroom tiles were replaced. The apartment includes a lockable, dry storage space in the basement, as well as a convenient parking space in an underground garage (not a duplex, purchase price: €25,000). A lockable bicycle storage area, a shared laundry and drying room, and a playground in the courtyard complete the amenities.

Are you interested in this apartment?

Object Number
OM-434661
Object Class
Apartment
Object Type
Apartment
Is occupied
Occupied
Handover from
By arrangement

Purchase price & additional costs

purchase price
525.000 €
Purchase additional costs
approx. 25,350 €
Total costs
approx. 550,349 €
Purchase price garage/parking space
25,000 €

Breakdown of Costs

Purchase price 525.000 €
Real estate transfer tax 18,375 € (3.50%)
Notary costs 4,617 € (0.88%)
Land register entry 2,358 € (0.45%)
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: 1,932€

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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 3.52%

Details

Condition
Well-kept
Number of floors
8
Level
4th floor
Bathrooms (number)
1
Bedrooms (number)
2
Number of underground garages
1
Flooring
Laminate, Tiles, Vinyl / PVC
Heating
Central heating
Year of construction
1972
Equipment
Balcony, Basement, Elevator, Full bath, Fitted kitchen
Infrastructure
Pharmacy, Grocery discount, General practitioner, Kindergarten, Primary school, Secondary school, High school, Comprehensive school, Public transport

Information on equipment

- Bright bathroom with bathtub.
- Spacious south-facing balcony spanning the entire width of the apartment.
- Lockable, dry storage space in the basement.
- Underground parking space (not a duplex).
- Functional built-in kitchen with two kitchen counters facing each other.
- Elevator in the building.
- Only about 150 meters to the entrance of the Olympic Park.

Location

The apartment is located on a quiet cul-de-sac with direct access to the Olympic Park – one of Munich's most popular green spaces and recreational areas. The park is just a few minutes' walk away and offers a wide range of opportunities for sports, walks, and leisure activities. The famous cherry blossoms in the park are a particular highlight, especially in the spring. Despite its peaceful location, the area has excellent infrastructure: shops, cafes, bakeries, schools, kindergartens, as well as doctors and pharmacies are all in the immediate vicinity and are mostly within walking distance. The public transportation links are also very good: bus and tram stops are just a few minutes away, providing quick access to the city center. Schwabing-West is one of Munich's most desirable residential areas, combining urban living with a high quality of life. The combination of a central location, a well-established community, and proximity to the Olympic Park ensures consistently strong demand, making the property particularly attractive to both owner-occupiers and investors.

- Public transportation: approximately 500 meters
- Pharmacies and doctors: approximately 400 meters
- Supermarket, cafe, bakery: approximately 300 meters
- Kindergarten: approximately 100 meters
- Schools: approximately 1-2 kilometers.

Location Check

Shopping
Eating Out
Sports
Public Transport
Culture
Health
Child Friendliness
Nightlife
Nature

Energy

Final energy consumption
113.30 kWh/(m²a)
Energy efficiency class
D
Energy certificate type
Consumption certificate
Main energy source
District heating

Miscellaneous

The apartment has been reliably rented to pleasant, easygoing tenants since 2020 (unlimited lease) and has been continuously occupied ever since. This makes it suitable for both investors and buyers who are planning to use the property themselves in the future.

It is generally possible to terminate the lease due to personal need, within the statutory timeframes, as there is no restriction on termination according to § 577a of the German Civil Code (BGB).

The monthly service charges are currently €474. A portion of these costs can be passed on to the tenant; a portion is allocated to the maintenance reserve fund. The homeowners' association has substantial reserves in the six-figure range, which has so far eliminated the need for any special assessments.

Purchase Price:
Apartment: €525,000
Underground parking space (not a duplex): €25,000
Total Price: €550,000

Viewings will be arranged in consultation with the current tenants.

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Please note that some of the images shown contain virtual example furnishings (digitally created).

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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