Excellent return of 6.5% in the eastern part of Mannheim - close to the water tower!

This compact apartment offers an excellent location in Mannheim, modern amenities, and an attractive return of 6.5%. Situated in the desirable Oststadt district, the apartment is located directly next to the Augustaanlage park. The Mannheim water tower is just a few minutes' walk away. The apartment offers approximately 22 square meters of living space and features a recently modernized living and sleeping area, as well as an efficient layout. The high-quality furnishings are already included in the purchase price. A spacious balcony facing south adds to the living comfort. The surrounding area offers numerous shops, cafes, and restaurants. Friedrichsplatz, Luisenpark, the main train station, the city center, and the university are also easily and conveniently accessible. The current monthly homeowners' association fee is €138. Of this, approximately €84 covers operating costs that can be passed on, around €37 covers non-reimbursable expenses, and €17 is allocated to a reserve fund for future maintenance work. The homeowners' association has a reserve fund of approximately €1.34 million. The desirable location, the ongoing interest in the Mannheim real estate market, and the good rental prospects provide a solid foundation for this investment property with long-term potential. We kindly request that real estate agents refrain from contacting us. Would you like to learn more about this property? We look forward to hearing from you.