Fully occupied multi-family building (10 apartments and 2 commercial units) with development potential.

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 lot and comprises a total living area of approximately 484 square meters, divided into 10 residential units, and approximately 130 square meters of commercial space. Currently, all residential units and commercial spaces are rented. The property consists of a front building and a rear building, with a shared courtyard, a backyard, and sheds, enclosed by a historic wall bordering a sculpture park (garden). In 2016, the building underwent extensive renovations. The exterior facade was completely re-plastered. Numerous photos are available showing the renovations (new heating, water, and electrical systems), as well as photos of the property in its 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 panel.

Rental Income:
Annual gross rental income: €70,020
Annual incidental cost advance payments: €22,080
Annual net rental income: €92,100

Oggersheim is the largest and arguably most historically significant district of Ludwigshafen. It boasts excellent public transportation links to Ludwigshafen, Mannheim, and Bad Dürkheim. The neighboring town of Frankenthal is easily accessible by bus or train. Oggersheim railway station provides further connections to the national rail network. Due to the motorway access, there is also a good road connection for private vehicles to Mannheim, Heidelberg, Karlsruhe, Speyer, and the Frankfurt metropolitan area. There are shops available to meet daily needs. 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 offered 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!