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Fully occupied multi-family building and 2 commercial properties with potential for development.

67071 Ludwigshafen (Oggersheim) – Rheinland-Pfalz
1.450.000 €
484 m²
Living Area
480 m²
Plot Area
Private offer
Apartment building or investment property
Apartment building

This high-yield residential and commercial building was constructed in 1917, expanded in 1956 and 1967, and extensively renovated in 2016. The property is located in the town center on a 480 square meter plot and offers a total living area of approximately 484 square meters, divided into 10 residential units, and approximately 130 square meters of commercial space, divided into 2 areas. Currently, all apartments and commercial spaces are rented out. The property consists of a front building and a rear building, with a shared courtyard, a rear garden, and sheds enclosed by a historic wall bordering the sculpture park (garden). In 2016, the building underwent extensive renovations. The exterior facade was completely replastered. Numerous photos are available documenting the renovation (new heating, water, and electrical systems), as well as photos of the property's original condition. In 2016, the intercom system, mailboxes, and a central satellite system on the roof (used by approximately 100% of the tenants) were newly installed and wired, including a control box.

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Object Number
OM-436119
Object Class
Apartment building or investment property
Object Type
Apartment building
Handover from
By arrangement

Purchase price & additional costs

purchase price
1.450.000 €
Purchase additional costs
approx. 89,853 €
Total costs
approx. 1,539,852 €
Operating costs allocated p.a.
22,080 €

Breakdown of Costs

Purchase price 1.450.000 €
Real estate transfer tax 72,500 € (5.00%)
Notary costs 11,495 € (0.79%)
Land register entry 5,858 € (0.40%)
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: 5,317€

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Based on equity 20% of the purchase price plus the purchase incidental costs / 10 years fixed interest rate / 2% initial repayment / Effective interest rate 3.50%

Details

Condition
Renovated
Year of last modernization
2016
Number of floors
3
Commercial area
130 m²
Total area
610 m²
Net rental income (target) p.a.
70020 €
Net rental income (actual) p.a.
70020 €
X-times rental income
21.00
Number of units
12
Flooring
Laminate, Tiles
Heating
Central heating
Year of construction
1917
Equipment
Basement, Shower bath
Infrastructure
Pharmacy, Grocery discount, General practitioner, Kindergarten, Primary school, Middle school, Comprehensive school, Public transport

Information on equipment

Compared to the adjacent buildings, the front building has one fewer story, and the rear building has two fewer stories. It may be possible to expand the building to include more apartments, but this would need to be discussed with the building authorities.

Front Building: Comprising 3 stories, with a total of two commercial units and four residential units. The two retail spaces and the residential units on the 1st floor were renovated in 2016. The floors, walls, bathrooms, electrical systems, gas lines, and the heating system/radiators (heating provided by a newly installed central gas boiler) were all updated.

Rear Building: Comprising 2 stories, with a total of 6 residential units. The rear building was completely renovated in 2016. All rooms, doors, floors (tile and laminate), walls, toilets, and bathrooms, as well as the electrical and water systems, gas lines, heating system, and radiators, were all newly installed in 2016. All 6 residential units are heated by a central second gas boiler.

Location

Oggersheim is the largest and arguably most historically significant district of Ludwigshafen. It has excellent public transportation links to Ludwigshafen, Mannheim, and Bad Dürkheim. The neighboring town of Frankenthal is accessible by bus or train. The Oggersheim train station provides further connections to the national rail network. Due to the motorway access, there are also good road connections to Mannheim, Heidelberg, Karlsruhe, Speyer, and the Frankfurt metropolitan area. There are shops available for everyday needs within the district. The "Oggersheim Shopping Park" (Oggersheim West industrial area) also offers a wider range of shopping options (including Bauhaus, Decathlon, Dehner, Fahrrad Kalker, Globus, Hornbach, Kibek, Lidl, and Metro). Medical care, including general practitioners and dentists, is very good. Specialists and pharmacies are also available in the area. The property for sale is located in a very central location, right in the heart of the Oggersheim district of Ludwigshafen - on Schillerplatz/Hans-Warsch-Plat­z! All shops, doctors, banks, pharmacies, schools, kindergartens, and hospitals are within easy walking distance. Public transportation, a weekly market, and a taxi stand are located right outside the door!

Location Check

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

Energy

Energy efficiency class
D
Energy certificate type
Demand certificate
Main energy source
Gas
Final energy demand
160.00 kWh/(m²a)

PDF

Miscellaneous

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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