Exceptional investment property, fully let – Multi-family house with KfW funding in Neumarkt.

Purchase price: €1,260,000. 3 residential units, fully rented. 287.31 m² of living space. 717 m² of land. Year of construction: 1996, major renovation in 2024, meeting KfW 40 EE standards. Annual net cold rent: €46,260.00. Gross rental yield (including subsidies): over 4%. Solar power system with 10.32 kWp capacity and storage. 3 garages and 3 parking spaces, with wallbox compatibility. Building and Renovation
This multi-family house was built in 1996 using solid construction methods and underwent a major renovation in 2024. The planned standard was KfW 55 EE, but the higher standard of KfW 40 EE was actually achieved. As a result, the building is in technically excellent condition with no foreseeable need for future investment. This is also confirmed by the energy performance certificate, which shows a final energy demand of only 7.7 kWh/m²a, corresponding to the highest efficiency class A+. For the buyer, this means: minimal heating costs, long-term satisfied tenants, and maximum eligibility for subsidies. The 3 residential units
The house is divided into three apartments: a 5-room ground floor apartment (110 m²) with a terrace and garden access, and two 3-room maisonette apartments (each 89 m²) with a balcony. All apartments have a daylight bathroom, a guest toilet, and their own cellar room. A shared laundry room is available to all tenants. The ground-floor apartment is rented for €1,325.00 per month (net cold rent), the two maisonettes for €1,090.00 each, and a hobby room for €350.00 per month (net cold rent). The total annual net cold rent is €46,260.00. All lease agreements are open-ended.

Photovoltaic System:
There is a photovoltaic system on the roof with a capacity of 10.32 kWp, complemented by a battery storage system with a capacity of 9.6 kWh.

Parking Spaces and Garage:
The property includes 3 outdoor parking spaces and 3 garages, one for each residential unit. All garages are equipped with a high-power electrical outlet and are therefore prepared for the installation of a wallbox (electric vehicle charging station).

KfW Funding:
Thanks to achieving the KfW 40 EE standard, the buyer can obtain a subsidized KfW loan of €300,000.00 at an interest rate of 0.98% per annum. In addition, the buyer is entitled to a repayment subsidy of approximately €80,000.00.

Management:
Curre­ntly, the property is managed by the owner. With only three residential units, the administrative burden is low, and the property can be easily managed even without professional property management. Upon request, the buyer can certainly hire an external property management company. The property is being sold directly by the owner, without any commission. The ancillary purchase costs are approximately 5% (3.5% Bavarian property transfer tax, approximately 1.5% notary and land registry fees). There are no real estate agent fees. With 100% financing, the property can potentially cover its full costs, taking into account the tax benefits and a corresponding marginal tax rate – while simultaneously building assets of approximately €19,000 per year through loan repayments. The only equity required is to cover the ancillary purchase costs.

The house is located in the Hasenheide district of Neumarkt in der Oberpfalz, one of Bavaria's most economically vibrant mid-sized cities. The city is centrally located between Nuremberg (approx. 35 minutes) and Regensburg (approx. 45 minutes), with direct motorway access to the A3. The city center is easily accessible in just a few minutes. Supermarkets, doctors, and schools are all within a 1km radius. Neumarkt benefits from a low vacancy rate and strong employers such as Max Bögl, Pfleiderer, and Bierschneider.