For sale by owner, without commission: Historic investment property with listed building depreciation benefits (formerly a monastery) – 3 apartments + potential for expansion in Bamberg-Theuerstadt.

For sale privately, without commission: Historic investment property with listed building status (former monastery) - 3 apartments + potential for expansion in Bamberg-Theuerstadt.

PROPERTY­ DESCRIPTION:
For sale is a piece of Bamberg's history: This listed multi-family house (ensemble protection, built in 1890, former monastery) combines the charm of an old building with continuous, loving, and documented maintenance by the owner. The property is located in the heart of the highly desirable, central location of Bamberg-Theuerstadt, close to the city center and the university. The building is characterized by its solid, historic construction. A major highlight in the basement is the historic vault, which is exceptionally well-preserved. The total living space of 205 square meters is divided into three self-contained, bright units:
- Ground floor (approx. 51 square meters, 2 rooms, kitchen, bathroom): Current rent €570 per month. Charmingly designed. A highlight is the integrated courtyard with a covered terrace, as well as a new, insulated, soundproof front door.
- 1st floor (approx. 59 square meters, 3 rooms, kitchen, bathroom): Current rent €540 per month. Appealing layout with strip parquet flooring in the entrance area and expertly restored original wooden floors.
- 2nd floor & attic (approx. 95 square meters, 4 rooms, kitchen, bathroom): Current rent €950 per month. Spacious, characterful maisonette apartment with a great sense of space and a kitchen.
VAULTED BASEMENT
Two additional basement rooms, also rented out.
RENTAL INCOME & INVESTMENT POTENTIAL
The property is fully let for residential purposes.
Current rent (residential + basement): €2,160 per month (€25,920 per year).
The moderate rental level offers sustainable potential for increases with future lettings. It's perfect as a crisis-proof investment or for medium-term partial owner-occupation of the maisonette.
TAX ADVANTAGES FOR INVESTORS (HISTORIC BUILDING DEPRECIATION)
As a historic building, this property offers excellent tax incentives:
- Increased depreciation: Take advantage of the special depreciation allowance or increased historic building depreciation (§ 7i / § 10f EStG) for future maintenance, repair, and renovation work.
- Effectively reduce tax burden: By claiming these tax benefits, the taxable income can be significantly reduced. This significantly increases the real net return after tax, far beyond the simple rental income.
CONDITION & STRUCTURE (COMPLETELY DOCUMENTED)
The structure has been continuously and proactively maintained. A complete folder with all invoices is available for inspection. - Roof & Insulation: Mansard roof, extensively insulated and modernized in 2009. [Phone number removed] Complete re-tiling including all gutters.
- Heating & Self-Sufficiency: Heating provided by 3 separate gas-fired floor heating systems (1x 2008, 2x 2013; tenants pay directly). All necessary repairs are fully carried out annually, with maintenance performed to a higher standard. Special feature: Each of the 3 apartments has its own connection for a wood-burning stove.
- Pipes & Windows: Gas and water pipes were replaced approximately 20 years ago. In recent years, the pipework has been professionally cleaned as a preventative measure. Windows have double glazing (ground floor: 1970s, 1st floor: 1990s, attic: insulated glass from 2004).
- Interior: Modernized in recent years.

DATA & FACTS
- Living space: 205 sqm (3 units) + approximately 25 sqm of rentable basement space.
- Energy performance certificate: Available.
- Commission-free: Direct sale from the owner (saves approximately €24,000 in purchase-related costs).

SALES PROCESS & BIDDING PROCEDURE
The sale is conducted through an exclusive bidding process.
- Starting price / Minimum bid: €620,000.
Viewing appointments will only be granted after receiving a brief personal introduction and proof of equity or a financing confirmation.