- Immobilien
- Baden-Württemberg
- Kreis Reutlingen
- Reutlingen
- Apartment building, 4 units, sizes ranging from 47 to 104 square meters, 1 commercial unit up to 150 square meters, located in Weststadt, Reutlingen.
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Apartment building, 4 units, sizes ranging from 47 to 104 square meters, 1 commercial unit up to 150 square meters, located in Weststadt, Reutlingen.
72762 Reutlingen – Baden-WürttembergThe multi-family house offered, situated on a 208 m² plot, comprises 4 residential units and 1 commercial unit. It is a fully basemented building with 3 above-ground floors and an attic that has been converted for living space, including a usable loft area. The building was constructed in 1951. A portion of the basement, approximately 1905, was built as a vaulted cellar. The property features a high land utilization, with a total of 398 m² of living and commercial space. Its solid construction, central location, and high demand make this property, with its potential for modernization, a realistic investment opportunity with a competitive entry price. The commercial unit on the ground floor, currently used as a business premises and measuring 103 m², includes a dining area, a side room, storage, men's, women's, and staff restrooms, and 4 rooms in the basement. A rooftop terrace of approximately 17 m² is attached to the garage. The 4 apartments in the building range in size from 47 to 104 m². The commercial unit, previously used as a pub, has a size of approximately 150 m² (ground floor and part of the basement), including ancillary rooms. On the 1st floor, there is an apartment of 104 m², comprising 5 rooms, a kitchen, bathroom, toilet, storage room, and hallway. On the 2nd floor, there is a 2-room apartment of 47 m², with a kitchen, shower, toilet, storage room, and hallway, as well as a 3-room apartment of 60 m², with a kitchen, toilet/shower, and hallway. The apartment in the attic has a living area of 85 m² and includes 3 rooms, a combined living/kitchen area, bathroom, toilet, and hallway. It has potential for further expansion in the loft area.
Are you interested in this house?
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Object Number
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OM-450223
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Object Class
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House
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Object Type
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Multi-family house
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Is occupied
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Vacant
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Handover from
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Immediately
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Purchase price & additional costs
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purchase price
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705.000 €
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Purchase additional costs
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approx. 44,417 €
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Total costs
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approx. 749,416 €
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Breakdown of Costs
* 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
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Details
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Condition
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In need of renovation
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Number of floors
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4
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Usable area
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293 m²
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Bathrooms (number)
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2
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Number of garages
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1
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Flooring
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Laminate, Carpet, Tiles, Vinyl / PVC
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Heating
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Oven heating
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Year of construction
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1951
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Equipment
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Basement, Full bath, Shower bath
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Infrastructure
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Pharmacy, Grocery discount, General practitioner, Kindergarten, Primary school, Secondary school, Middle school, High school, Comprehensive school, Public transport
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Information on equipment
The building was previously heated by a combination of individual gas heaters and, in some cases, central heating systems for entire floors. It is now necessary to equip the building with a new heating system. One possibility is to connect it to the district heating network operated by FairNetz GmbH.
The plumbing, electrical systems, some of the flooring, and doors in the house also require renovation.
It is conceivable to convert the ground floor into one or two apartments, to divide the first floor into two apartments, and to combine the two apartments on the second floor into a 5-room apartment.
The property is particularly suitable for revitalization to a basic to moderate standard. There is also strong demand in the neighborhood for the property to be divided into individual ownership units, especially from young families and long-term residents.
Because the property is currently rent-free, a short-term, comprehensive revitalization project would be very efficient in terms of time and cost.
Several government funding programs are available to help finance the modernization and conversion into up to 7 residential units.
Location
Location within the city of Reutlingen:
The property is located in the western part of Reutlingen, in a very well-connected area. Reutlingen's market square is just 1.1 km away. The Bosch factory facilities are within walking distance, approximately 10 minutes away. All general education schools can be reached on foot within 10 minutes. The university campus, located 2.5 km away, is accessible by bicycle in about 12 minutes. The nearest bus stop for the city's public transportation system, as well as the train station for local and regional trains, are both within a 2-minute walk. The bus stops are served by several bus lines of the city's public transportation system, and by local and regional trains. The train station will also serve as a stop for the currently under-construction regional city railway, the Neckar-Alb. Characteristics of the surrounding area:
According to the land use plan of the Reutlingen-Tübingen neighborhood association, the area where the property is located is primarily designated for residential use. The neighborhood is predominantly built with buildings ranging from 3 to 4 stories in height. Tübingen Street is a major thoroughfare within the city, with bicycle lanes on both sides and a parking lane on one side.
Location Check
Energy
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Energy efficiency class
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F
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Energy certificate type
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Demand certificate
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Main energy source
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Gas
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Final energy demand
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188.80 kWh/(m²a)
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Miscellaneous
Public Facilities:
All the necessary offices and everyday amenities are available in Reutlingen. All levels of schooling are located in the town, as is a university with 5 faculties and 47 degree programs.
Macro-Location:
The macro-location of the property can be considered excellent due to its location in the city center of Reutlingen. The existing infrastructure, combined with the companies located there, offers high productivity with moderate unemployment. In addition to the economic aspects, Reutlingen offers a high quality of life and recreational opportunities due to its proximity to the Swabian Alps and the state capital, Stuttgart.
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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