No fees and in need of renovation - 5% return for investors - Also ideal for owner-occupiers.

This 4-room apartment, located on the 1st floor of a well-maintained apartment building in Heilbronn, is an excellent opportunity for those who can see the potential: The apartment requires renovation – and that's precisely where the opportunity lies. The purchase price is calculated fairly, reflecting this. By undertaking the manageable renovation yourself, you secure an investment property with a rental yield of over 5%, or a spacious apartment significantly below the average price in Heilbronn (typically €3,380–€5,183 per square meter – here: approximately €2,985 per square meter). The purchase is made directly from the owner, without any commission fees. The calculation for investors is straightforward: After a well-planned renovation (primarily flooring, painting, electrical outlets/switches, and interior doors – estimated budget: €15,000), a cold rent of approximately €1,060 (approximately €13 per square meter) is achievable. This corresponds to a gross yield of 5.1% on the purchase price – even after including the renovation budget, you still have around 4.8%. And because the apartment is being sold vacant, there is no existing lease and no need to worry about rent adjustments: you have the freedom to choose your tenants and rent the property at the full market rate. Apartments with four rooms of this size are scarce and highly sought after in Heilbronn – the rental potential is excellent. If the apartment is financed by a bank, the loan installment can be covered by the rental income after it is rented out. With a 100% financing of the purchase price (approximately 4.0% interest and 1.0% principal repayment), the monthly installment is approximately €1,040 – the achievable gross rent of €1,060 covers the installment. For owner-occupiers: The apartment is available immediately and without any occupants – here, you can design your apartment from the ground up to your own taste, instead of paying for the previous owner's renovation choices. The apartment features four rooms (including two bedrooms) on 83.41 square meters, plus a practical storage room directly within the apartment, two additional storage rooms in the basement, and a shared laundry room in the building – all at a price of approximately €2,985 per square meter, significantly lower than the price of comparable renovated apartments. The monthly building service charges are €250 – of which approximately €125 can be passed on to the tenant when the apartment is rented out. Of the remaining approximately €125, approximately €77 goes towards the maintenance reserve fund (representing asset building, with no lost costs), and the rest covers non-reimbursable administrative costs. The heating costs are covered by a gas-powered central heating system with a separate meter for each apartment, and are paid directly by the residents – they are not included in the monthly building service charges. The homeowners' association (WEG Silcherstraße 76–80, comprising 23 units) is professionally managed by WOHLFEIL property management from Heilbronn (contract valid until 2030). The annual reserve fund contribution has recently been increased to €20,000 – the association is actively building up its reserves. No major special assessments are currently planned. As of December 31, 2023, the reserve fund balance was €254,834.

The apartment is located in the Silcher district, in the eastern part of Heilbronn's city center – a well-established, quiet residential area with easy access to the city center. The city center, with its pedestrian zone, shops, and restaurants, is just a few minutes away by bike or bus; the bus stops are within walking distance.

For daily needs, the district offers everything you need: a small shop with a parcel service is literally around the corner on Silcherstraße, and bakeries, supermarkets, and doctors are easily accessible in the surrounding area. Schools and kindergartens are located in the immediate vicinity.

The location is particularly appealing for leisure and recreation: the vineyards on Wartberg, with their walking and hiking trails, begin practically at your doorstep, and the Pfühlpark is also easily accessible – perfect for relaxing after work in a green environment. You can quickly reach all directions by car via the B27/A6; Heilbronn's main train station, with its tram connection (to Stuttgart/Karlsruhe), is just a few minutes away.