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6.2% Yield. Weststadt: 2-room apartment, completely renovated, with balcony and a single parking space in an underground garage.

Lessingstr. 64, 76135 Karlsruhe (Weststadt) – Baden-Württemberg
229.000 €
2
Room
43 m²
Living Area
Private offer
Apartment

Weststadt. 2 rooms. Balcony. Elevator. District heating. Underground parking space. And most importantly: an apartment where all the major issues related to individual ownership have already been resolved. For sale is a 2-room apartment in Lessingstraße 64, Karlsruhe-Weststadt, which is available immediately. The apartment has been comprehensively renovated and is therefore not a typical property requiring extensive work, but rather a complete package ready for immediate use, suitable for owner-occupiers, families, or investors. Price structure:
• Apartment including new fitted kitchen: €229,000
• Underground parking space: €18,000
Total price: €247,000
Why this property is economically interesting:
The layout is clear and efficient. Both rooms are separately accessible from the hallway. This means the apartment is not only suitable for classic owner-occupation, but also for a high-quality shared living arrangement or a business/commuter concept. Example calculation for shared living/investment:
• Room 1: €600 per month (excluding utilities)
• Room 2: €600 per month (excluding utilities)
• Underground parking space: €75 per month
Total potential rent: €1,275 per month = €15,300 per year. Gross yield on a total price of €247,000: approximately 6.2%.
Factor: approximately 16.1 The large balcony extends over both rooms and significantly enhances the living quality. Combined with an elevator, district heating, a basement storage room, and a private parking space in an underground garage, this property offers an unusually complete package for this location. Three potential buyer groups – one property:
* **Owner-occupier:** Move in and enjoy, no need for renovation.
* **Parents:** A living solution for your child today, with the flexibility to rent it out later.
* **Investors:** A readily usable property in the Weststadt district, with a solid rental income and a separate income stream from the underground garage.

**Property / Management / Costs**
* Year of construction: 1988
* Large, well-maintained complex
* 2 full-time caretakers
* Clearly labeled intercom system
* Well-maintained communal areas
* Freshly painted hallways
* Energy-efficient LED lighting in the hallways
* Large courtyard
* Newly renovated children's playground
* Elevator modernized several years ago
* Flat roof already sealed
* Managed by Krogmeier Vieten, considered one of the strongest and most forward-thinking property management companies in Karlsruhe from the owner's perspective.

**Energy Efficiency Class: E**
* Final energy consumption: 140.00 kWh/(m²a)
* Energy source: District heating (compliant with GEG regulations)

**Service Charges & Reserves**
* Service charges for the apartment: approximately €98.92 / month
* Service charges for the underground garage: approximately €163.66 / month
* Total: approximately €262.58 / month
* Reserves:
* Reserve for Moninger Residenz: approximately €190,000
* Apartment share: approximately €450
* Reserve for Studien Residenz / Garage: approximately €110,000
* Garage share: approximately €2,800
* Total reserve share: approximately €3,250
* No special assessments known.

Are you interested in this apartment?

Object Number
OM-448229
Object Class
Apartment
Object Type
Apartment
Is occupied
Vacant
Handover from
Immediately

Purchase price & additional costs

purchase price
229.000 €
Purchase additional costs
approx. 14,802 €
Total costs
approx. 243,802 €
Purchase price garage/parking space
18,000 €
HOA fee
263 €

Breakdown of Costs

Purchase price 229.000 €
Real estate transfer tax 11,450 € (5.00%)
Notary costs 2,217 € (0.97%)
Land register entry 1,136 € (0.50%)
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: 899€

More accuracy in a few seconds:

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 3.89%

Details

Condition
First occupancy after renovation
Number of floors
4
Level
1st floor
Usable area
6 m²
Bathrooms (number)
1
Bedrooms (number)
2
Flooring
Laminate, Tiles
Heating
Central heating
Year of construction
1988
Equipment
Balcony, Basement, Elevator, Full bath, Fitted kitchen
Infrastructure
Pharmacy, Grocery discount, General practitioner, Kindergarten, Primary school, Secondary school, Middle school, High school, Comprehensive school, Public transport

Information on equipment

Here, not only were cosmetic improvements made, but substantial renovations were carried out in key areas. • Technology / Plumbing / Structure
• Water pipes within the apartment were replaced, including the connection to the main supply.
• Complete electrical system renewal.
• New fuse box with RCD (residual current device) circuit breakers.
• Separate circuits for washing machine, dryer, dishwasher, stove, and microwave.
• New windows and balcony doors.
• New radiators in all rooms.
• New door frames and doors.
• Complete suspended ceiling installation with plasterboard.
Benefits:
• No typical uncertainties associated with older electrical systems and plumbing. No situation where the property looks good, but the technology is outdated. Bathroom / Tiles / Interior Finishes
• Bathroom completely modernized.
• New tiling from floor to ceiling.
• Geberit toilet, Grohe fixtures, Limodor ventilation fan.
• Low-profile shower tray.
• New tiling in the kitchen, hallway, and bathroom.
• Consistent tile finish in the kitchen.
• Walls re-plastered, wallpapered, and painted after the electrical work.
Benefits:
• A cohesive overall look, rather than a patchwork of repairs. Immediately usable without further investment. Kitchen
• New built-in kitchen, unused.
• Ceramic hob and oven.
• Extractor fan.
• Built-in microwave.
• Dishwasher.
• Modern refrigerator. Benefits:
• No additional investment, no kitchen planning, no delivery time. The kitchen is ready for immediate use and is significantly higher quality than typical compact solutions. Hallway/Household solution:
• The hallway has been specifically designed to provide a practical space for a washing machine and dryer. Benefits:
• The bathroom remains a bathroom, and the kitchen remains a kitchen. No makeshift solutions in the main areas. Additional features:
• Large balcony accessible from both rooms
• Cellar room
• Lockable bicycle storage room on the ground floor
• Elevator
• District heating
In short:
• New plumbing, new electrical wiring, new windows, new radiators, new bathroom, new kitchen, new doors, new flooring, and suspended ceilings. This is what sets this property apart from many other offerings in the Weststadt district.

Location

Karlsruhe Weststadt – Micro-location: Lessingstraße

Lessingstraße is one of the most sought-after residential areas in Karlsruhe's Weststadt. The combination of a quiet residential street, an established environment, proximity to the city center, and excellent transport links makes this location particularly attractive, both for owner-occupiers and for investors.

Universities / Education / Rental Potential:
* KIT (Karlsruhe Institute of Technology): approximately 5-10 minutes by bike.
* Karlsruhe University of Arts and Design (HKA): very easily accessible.
* Academy of Fine Arts: a short distance away.
* HfG (School of Design) / ZKM (Center for Art and Media): quickly accessible.
* DHBW (Duale Hochschule Baden-Württemberg), Karlshochschule, and other educational institutions in the city center: well-connected.
* University of Music / Gottesaue Palace: a short drive away.

This location is particularly well-suited for families: providing a high-quality living space for your child now, and with excellent rental potential for the future.

Mobility / Infrastructure:
* Bus stops and the employment agency are within a short distance.
* Mühlburger Tor, a major transport hub, is approximately 8 minutes away on foot.
* The city center / Kaiserallee / Kaiserstraße are easily accessible.
* Good connections to the main train station.
* Excellent road access via Brauerstraße / Südtangente (B10).

Quality of Life:
* Gutenbergplatz, with its weekly market, cafes, and restaurants, is within a short distance.
* REWE supermarket, organic markets, pharmacies, and doctors are in the surrounding area.

Location Check

Eating Out
50m
Shopping
100m
Culture
100m
Nightlife
50m
Health
150m
Sports
250m
Nature
150m
Public Transport
450m
Child Friendliness
150m

Energy

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

PDF

Miscellaneous

Investor Opportunity: Approximately 27% total equity return, including principal repayment (model calculation).
This sale is commission-free, directly from the owner. You save approximately €8,820 in real estate agent fees (3.57%), which you can immediately retain as a liquidity buffer or use to optimize your financing terms. Efficiency at its best:
• Apartment (suitable for a two-person household): €1,200 per month (excluding utilities) (€600 per room)
• Underground parking space: €75 per month (excluding utilities)
• Total target rent: €1,275 per month / €15,300 per year
• Gross return: approximately 6.2% (based on a total price of €247,000)

The Magic of Leverage
Don't be misled by a purely cash flow perspective. True wealth is created through principal repayment, which your tenant makes on your behalf. With an equity investment of approximately €17,290 (approximately 7% of the purchase price, including ancillary costs) and an example of 100% financing (3.8% interest rate), the following results:

Investor Opportunity: 27% total equity return & positive cash flow
Don't be misled by a purely cash flow perspective. True wealth is created through the combination of monthly surplus and the principal repayment made on your behalf by your tenant.
• 1.0% principal repayment: Monthly payment approximately €988. This results in a surplus of approximately €287 per month, before considering non-reimbursable costs. After deducting the non-reimbursable service charges (approximately €104), you will have a net profit of around €183 per month in your account.

* **Positive Cash Flow:** Even after deducting interest, repayments, and administrative costs, the property generates a positive cash flow each month – a rare situation in the current market.
* **Tenant Pays for Your Property:** While you generate €183 of passive income per month, your tenant also contributes approximately €2,470 per year towards your debt.
* **Leveraged Return:** This total income (cash flow + repayments) of approximately €4,666 per year represents an equity return of approximately 27%, with an initial investment of only around €17,300 (for purchase-related costs).

**Legal Notice & Disclaimer:**

All information (as of 2026) is non-binding and for informational purposes only; the notarized purchase agreement is the only legally binding document. The return, cash flow, and depreciation examples are illustrative model calculations and do not guarantee future rental income or tax results. This brochure does not constitute investment, tax, or legal advice. The individual tax treatment (in particular, the building share/immediate depreciation) and financing should be independently reviewed by qualified advisors. No prospectus liability is assumed.

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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