Fully occupied student housing property in Stuttgart, with 10 rooms, offering a 4.84% yield, and available commission-free.

Fully let residential building with ten rooms in Stuttgart-Wangen, offered directly by the owner, with no commission. This building, dating back to 1929, has been continuously modernized over the years and offers 215 square meters of living space spread over three floors, plus approximately 60 square meters of usable space. Originally built as a triplex, it is now operated as a student housing facility: each floor houses a shared living arrangement, with each individual having their own room, and the kitchen and bathroom being shared within that floor. The layout is as follows:
Ground floor, approximately 60 square meters: three rooms, kitchen, daylight bathroom with shower.
First floor, approximately 76 square meters: four rooms, kitchen, daylight bathroom with shower.
Attic floor, approximately 79 square meters: three rooms, one of which is a maisonette spanning two levels, kitchen, daylight bathroom with bathtub and shower, separate toilet, storage room, access to the finished attic space.
All ten rooms are currently rented. The rents are inclusive and cover all ancillary costs. Here's a summary of the figures:
Total rental income (including utilities): €4,610 per month.
Ancillary costs: €620 per month.
Net cold rent: €3,990 per month, €47,880 per year.
Gross yield: 4.84 percent.
Price-to-yield ratio: 20.7. The property includes a garden with a terrace, which the residents use as a barbecue area, a laundry and drying room with two washing machines that are operated using a coin machine, and a shared basement storage area. There is also a large vaulted cellar that has been renovated and is currently not in use. There are no dedicated parking spaces; instead, there is ample free parking available around the property. The property is being sold with the existing rental agreements in place. A local property manager oversees the building and has been familiar with it for many years, and is happy to continue managing it. Therefore, you can also manage the property remotely. Since we are selling the property without using a real estate agent, there are no buyer's fees. You will save approximately €47,000 compared to a similar property listed through an agent.

Wangen is a flat, elongated district located on the Neckar River, between Hedelfingen, Bad Cannstatt, and Untertürkheim. The district has a developed town center with small restaurants and shops, and a regular weekly market. Everything needed for daily life is within walking distance.

A high school and a secondary school are within walking distance, and kindergartens are nearby. Clubs and organizations provide a wide range of cultural and sporting activities.

The transport connections are excellent: the B 10 road, leading towards Ulm and Karlsruhe, is right on the doorstep, and the center of Stuttgart can be reached in approximately 15 minutes. The U-Bahn (subway) lines 4, 9, and 13 stop at several stations within the district, and the nearest station is just a few minutes' walk from the property.

It is precisely these excellent transport links that make this property attractive for renting to shared living arrangements. Anyone who works or studies in Stuttgart can easily get around from here.