For sale by private individual! In Wiesbaden: Property in need of renovation, located directly next to the campus – NO COMMISSION.

INVESTMENT OPPORTUNITY IN WIESBADEN – RENOVATION PROJECT WITH ENORMOUS POTENTIAL FOR VALUE INCREASE
Located directly next to the Rhine-Main University campus and in the heart of Wiesbaden, this presents a rare opportunity for investors, developers, and property owners: A listed residential and commercial building with approximately 2,381 square meters of rentable space on a plot of approximately 755 square meters – and offered for sale privately, WITHOUT COMMISSION. THE PROPERTY
The impressive building complex at Bismarckring 21-23 was built around 1957 and comprises a ground floor plus 7 upper floors (ground floor + 7 floors), with a total of 30 units, as well as mobile phone masts on the roof. The gross floor area is approximately 2,580.71 square meters. In the courtyard, there are 4 individual garages, 3 of which are currently available. THE POTENTIAL – VACANCY AS AN OPPORTUNITY
Currently, approximately 28 of the 30 units are vacant (approximately 2,128 square meters of space). What appears to be a challenge at first glance is, in reality, the greatest opportunity for this property: The high vacancy rate allows for a comprehensive repositioning and development project – without lengthy termination notices or eviction processes. Optimal development concepts for the redevelopment:
* Student apartments – The Rhein-Main University of Applied Sciences is located directly opposite. The demand for affordable student housing in Wiesbaden is enormous, and the supply is limited.
* Micro-apartments / boarding houses – Compact, furnished units for young professionals, commuters, and students can achieve above-average rental rates per square meter.
* Serviced apartments – Ideal for business travelers and temporary stays in a central location.
* Classic rental apartments – After renovation, located in a prime central location, these can command top rental rates.
EXISTING INCOME
Despite the high vacancy rate, the property already generates a net annual rental income of approximately €50,062.52 from:
* 2 commercial units on the ground floor
* 2 mobile phone contracts on the roof (with attractive terms extending until 2033 and 2044 respectively)
The mobile phone contracts provide a reliable, long-term income stream and secure the cash flow even during the project development phase.
HISTORICAL LANDMARK STATUS AS A TAX ADVANTAGE
The building is protected as an ensemble under § 2 Abs. 3 HDSchG (Federal Law on the Preservation of Historical Monuments). For investors, this means: Renovation costs can be tax-deductible through depreciation for listed buildings (§ 7i EStG for landlords, or § 10f EStG for owner-occupiers). This represents a significant tax advantage that can substantially improve the overall return on investment.

KEY BUILDING FEATURES:
• Year of construction: approximately 1957
• Floors: Ground floor + 7 upper floors
• Elevator: Available (Building No. 21, currently out of service)
• Heating: Gas central heating (built in 1991, requires renovation)
• Land: Approximately 755 m² (720 m² + 35 m²)
• Land value: €1,000/m² (as of 01.01.2024)
• Zoning plan: Wiesbaden 1952/05 or § 34 BauGB

COMMISSION-FREE
The sale is direct and private – without agents and without buyer's commission. You save on the usual brokerage fees and can invest the money saved directly into the renovation.

PRIME LOCATION IN CENTRAL WIESBADEN – DIRECT ACCESS TO THE CAMPUS

The property located at Bismarckring 21-23 is situated in one of the most desirable locations in Wiesbaden – centrally in Wiesbaden-Mitte, directly adjacent to the Rhine-Main University of Applied Sciences (campus on Bismarckring). This micro-location is difficult to surpass for investors in the student housing and micro-living segment.

INFRASTRUCTURE IN THE IMMEDIATE SURROUNDINGS
• Bus stop: 1 minute walk
• Kirchgasse pedestrian zone: approximately 10 minutes walk
• Wiesbaden main railway station: approximately 7 minutes walk
• A 643 motorway: approximately 10 minutes by car
• Frankfurt am Main airport: approximately 30 minutes by car

The location is characterized by excellent public transportation links, and the vibrant city center is within walking distance. Supermarkets, restaurants, doctor's offices, and other essential amenities are located in the immediate vicinity.

The location benefits from the consistently high demand for housing in the Rhine-Main region. Wiesbaden, as the capital of the state of Hesse, has a stable population growth and an increasing number of students at the Rhine-Main University of Applied Sciences – ideal conditions for an investment in housing.