Fully occupied student housing property in Stuttgart, with 10 rooms, offering a gross yield of 6.5%, and available commission-free.

Fully occupied residential building with ten rooms in Stuttgart-Wangen, available directly from the owner, no commission fees. Built in 1929, the building has been continuously modernized over the decades and offers 215 square meters of living space spread over three floors, plus approximately 60 square meters of usable space. Originally built as a building for three families, it is now operated as a shared accommodation building: each floor houses a shared living arrangement, with each resident having their own room. 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 over two levels, kitchen, daylight bathroom with bathtub and shower, separate toilet, storage room, access to the converted attic.
All ten rooms are rented. The rents are inclusive and cover all ancillary costs. Here are the figures:
Total rental income: €4,610 per month
Ancillary costs: €620 per month
Net cold rent: €3,990 per month, €47,880 per year
Gross yield: 6.5 percent. 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 space. There is also a large vaulted cellar, which has been renovated and is currently not in use. There are no dedicated parking spaces; instead, there are publicly accessible parking spaces available around the house. The sale includes the existing rental agreements. The property is managed by a local property manager who has been familiar with the building for 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 €30,000 compared to a similar property offered through a real estate 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.