5% initial yield & potential for future appreciation – renovated apartment in Bogenhausen.

This high-quality renovated and already rented 1.5-room apartment in Munich-Johanneskirchen offers investors an attractive combination of solid initial yield, a comprehensively modernized condition, and a desirable residential location in Munich. The apartment is currently rented on a fixed-term lease until April 2027. The monthly base rent is €1,500, equivalent to €18,000 per year, resulting in a gross initial yield of approximately 5.0% based on the purchase price of €359,000. The time-limited lease offers the buyer particular flexibility: after the existing lease expires, the apartment can either be re-rented or, if the appropriate conditions are met, used by the owner themselves. This makes the property suitable for both traditional investors and buyers who initially want to generate rental income and potentially move into the apartment themselves in the future. The apartment, with approximately 42 square meters of living space, offers a well-designed living area, a separate sleeping area, a modern bathroom, and a balcony of approximately 5 square meters. The apartment is located on the 5th floor and is easily accessible by elevator. Due to its elevated position, the apartment enjoys plenty of natural light; the balcony offers a pleasant view of the greenery. The east-facing orientation provides sunshine in the mornings and early afternoons. The apartment has been extensively renovated and subsequently re-rented. This means that the buyer will not incur any initial renovation costs or the hassle of finding a suitable tenant. The combination of a compact living space, good rental potential, modern features, and a gross initial yield of approximately 5% makes this particularly attractive to investors – a compelling combination in Munich. The property is being sold commission-free, directly from the owner.

Features:
During the renovation, the apartment was comprehensively upgraded. Key features include:
* Approximately 42 m² of living space
* 1.5 rooms with a separate sleeping area
* Approximately 5 m² balcony
* Completely renovated
* New fitted kitchen
* Modern bathroom
* New electrical system
* New flooring
* New interior doors
* Refurbished radiators
* Elevator
* Cellar
* Modern and timeless design
* Currently rented for €1,500 per month (cold rent)

The building has a large courtyard with parking for residents; a dedicated parking space is not included with the apartment.

The apartment is located at Regina-Ullmann-Straße 73 in Munich-Johanneskirchen, a well-established and quiet residential area in the Bogenhausen district.

The location offers a pleasant living environment with excellent access to the center of Munich.

Tram line 16 stops practically right outside the building and runs every 10 minutes on weekdays, providing a direct connection to the city center via Arabellapark and Max-Weber-Platz, and continuing to the main train station, without requiring any transfers.

Shops and amenities for daily needs are within walking distance.

The combination of good public transport links, a quiet residential area, and a compact apartment size offers excellent conditions for long-term rental potential from the landlord's perspective.
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