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Renovated 2-room investment property with parking space, free of maintenance charges | 6% gross rental yield.
Am Europakanal 36, 91056 Erlangen (Büchenbach) – BayernThe newly renovated 2-room apartment, approximately 61 square meters of living space, is located on the 15th floor of a residential building in Erlangen and is particularly appealing due to its expansive views. The modern, inviting design, the built-in kitchen, and the practical layout make the apartment attractive to both owner-occupiers and investors.
The monthly service charges are €234, of which €202 are currently eligible for reimbursement, and only €32 are not.
The communal reserve fund for the residential building and underground parking garage totals €370,144.83.
An underground parking space is included in the sale for an additional €15,000.
Note regarding the visualizations:
The images marked accordingly were created with the assistance of AI and are intended to illustrate a possible design and furnishing. They may differ from the actual condition and equipment. The actual conditions on site and the contractual agreements are decisive.
Are you interested in this apartment?
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Object Number
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OM-479482
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Object Class
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Apartment
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Object Type
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Apartment
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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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199.900 €
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Purchase additional costs
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approx. 10,036 €
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Total costs
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approx. 209,936 €
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Purchase price garage/parking space
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15,000 €
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HOA fee
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234 €
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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
Does this property fit my budget?
Estimated monthly rate: 870€
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Details
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Condition
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Renovated
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Number of floors
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22
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Level
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Higher than 5th floor
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Bathrooms (number)
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1
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Bedrooms (number)
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1
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Number of underground garages
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1
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Flooring
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Tiles, Vinyl / PVC
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Heating
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Central heating
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Year of construction
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1974
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Equipment
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Balcony, Basement, Elevator, Shower bath, Fitted kitchen
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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 apartment has been comprehensively renovated and modernized, and is equipped for easy maintenance. The renovation included the following work:
- New, durable, and easy-to-clean vinyl flooring
- Completely renovated bathroom with modern fixtures and a shower
- New interior doors
- New, double-glazed windows
- Replacement of components in the electrical circuit breaker box
- Refurbishment of the wall and ceiling surfaces
- Bright and timeless design
The apartment also includes a balcony with a wide view, a storage room in the basement, and an elevator.
There is an older built-in kitchen that will be included without additional charge. Due to its age, it is transferred without any warranty regarding its condition or functionality. If desired, the kitchen can be removed before handover.
Location
The apartment is located at Europakanal 36 in Erlangen. It is conveniently located near shops, public transportation, and essential services. The nearby Main-Danube Canal also offers attractive opportunities for walks, bike rides, and leisure activities. The city center of Erlangen, as well as important business and university locations, are also easily accessible.
Location Check
Energy
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Final energy consumption
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116.50 kWh/(m²a)
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Energy efficiency class
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D
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Energy certificate type
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Consumption certificate
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Main energy source
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Gas
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Miscellaneous
Attractive for investors:
The apartment is currently being sold vacant. Potential tenants have already been identified who are interested in renting the property under the specified terms. The buyer is free to decide whether to take over these tenants or to re-rent the apartment themselves. With a monthly base rent of €999 plus €75 for the underground parking space, the annual base rent is €12,888. Based on the total purchase price of €214,900 (€199,900 for the apartment + €15,000 for the parking space), this represents a potential gross rental yield of approximately 6% per annum. The monthly service charges (Hausgeld) are €234, of which €202 are currently deductible and only €32 are not. The communal reserve fund for the residential building and underground parking garage totals €370,144.83. Optionally, the apartment can be handed over fully furnished and ready to move in for an additional €7,500. This includes the selection and procurement of furniture, delivery and assembly, and the complete furnishing of the living room, bedroom, dining/work area, hallway, and balcony, including lighting, curtains, carpets, and selected decorative items. The design will be stylistically aligned with the visualizations provided.
Broker inquiries not welcome! According to § 7 UWG, unsolicited contact by brokers without the express consent of the recipient is prohibited!
Send a message directly to the seller
Questions about this apartment? Show interest or arrange a viewing appointment?
Click here to send a message to the provider:
Offer from: Florian Albrecht
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