No agency fees or commission: 3-room apartment for under €190,000 – Ideal for personal use and as an investment property with a 5% return.

3-room apartment, approximately 70 m², available immediately – an affordable entry point with potential for development.

This 3-room apartment, with approximately 70 m² of living space, is located on the 4th floor of a multi-family building and offers an interesting opportunity for both owner-occupiers and investors. The apartment is currently vacant and can be moved into or rented out quickly. The layout is functional and allows for a clear separation of living areas. The apartment is in a well-maintained condition. The tiles in the bathroom have been professionally painted, and the electrical distribution panel within the apartment has already been modernized. The building has PVC windows. The purchase price is €189,000. A garage located directly next to the building can be purchased as an optional extra.

For owner-occupiers:
The apartment offers a relatively affordable entry point into homeownership. Because it is vacant, it can be moved into quickly. At the same time, there is the opportunity to further develop the apartment according to your own preferences and to benefit from a future improvement in the condition of the building as a result of planned renovation work. For Investors:
From an investment perspective, the apartment offers an attractive combination of an entry-level price and potential for appreciation. A market-realistic cold rent of approximately €750 to €850 per month can be realistically achieved. Furthermore, the planned renovation measures and a possible adjustment to the remaining useful life of the property create opportunities for tax optimization. This could result in an annual tax benefit of approximately €6,500 (individual and dependent on personal circumstances and tax review). In combination, the property can therefore potentially be presented as nearly cash-flow neutral after taxes in the long term. If you are interested, we would be happy to explain the calculation methods in more detail. Renovation measures are planned for the heating systems in the building, which will be implemented gradually over the coming years. The costs associated with these renovations are included in the purchase price; however, additional expenses in the form of potential special assessments should be factored in. The monthly service charges are currently approximately €380, of which around €70 goes into the maintenance reserve. The currently increased operating costs, especially in the area of building insurance, may potentially be reduced after the implementation of these measures.