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4 apartments with vacancies and potential for expansion, divided into separate ownership units (condominiums) - minimum 4.5% return - centrally located in Neu-Ulm.

Luitpoldstr. 24, 89231 Neu-Ulm – Bayern
1.299.000 €
320 m²
Living Area
510 m²
Plot Area
Private offer
Apartment building or investment property
Apartment building

Anyone who steps through the door of Luitpoldstraße 24 will quickly understand why houses from around the year 1900 are so desirable. The ceilings are high, the rooms are generously sized, and the light falls differently than in a new building. Yet, you are right in the city center: you can walk to shops, cafes, the doctor's office, or the Danube, and the historic center of Ulm is just a few minutes away. What you might not expect is what lies behind the house. There's a large garden where children can play and adults can relax in the evenings, and each apartment has its own garage with an additional parking space in front. This is a luxury rarely found in the city center. The house will be completely vacant until March 2027. The apartments are in a good, rentable condition. You can therefore move in immediately or rent them out without having to undertake any major renovations beforehand. If you want to put your own personal touch on the house, you have complete freedom to do so and can renovate it without regard for existing rental agreements. Perhaps you're looking for a home for the whole family, where grandparents, parents, and children can live under one roof, yet each has their own apartment. Those who wish can rent out individual units, contributing to the financing. Because the house is already divided into separate apartments, it's also easy to transfer ownership of the apartments to your children later on. This combination is rare for investors. Here you have an empty house in this location, already divided, with its own declaration of ownership and a land registry entry for each apartment. You can rent it out immediately at current market rates to tenants of your choice, or you can renovate it beforehand to increase its value. Both options are possible, and neither is mandatory. And you decide whether to keep the entire house or sell individual apartments. This property offers compelling advantages today and even more possibilities for the future. We would be happy to show you the house in person.

Are you interested in this offer?

Object Number
OM-510224
Object Class
Apartment building or investment property
Object Type
Apartment building
Handover from
By arrangement

Purchase price & additional costs

purchase price
1.299.000 €
Purchase additional costs
approx. 60,670 €
Total costs
approx. 1,359,669 €
Operating costs allocated p.a.
7,680 €
Non-allocatable operating costs p.a.
2,880 €

Breakdown of Costs

Purchase price 1.299.000 €
Real estate transfer tax 45,465 € (3.50%)
Notary costs 10,067 € (0.78%)
Land register entry 5,138 € (0.40%)
Broker commission 0€ (0%)

* Costs for notary and land register were calculated based on the fee schedule for notaries. Assumed was the notarization of the purchase at the stated purchase price and a land charge in the amount of 80% of the purchase price. Further costs may be incurred due to activities such as land charge cancellation, notary escrow account, etc. Details of notary and land registry costs

Does this property fit my budget?

Estimated monthly rate: 5,291€

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By providing some basic information, the estimated monthly rate is calculated individually for you. For this and for all other real estate offers on ohne-makler.net

Based on equity 20% of the purchase price plus the purchase incidental costs / 10 years fixed interest rate / 2% initial repayment / Effective interest rate 4.11%

Details

Condition
Well-kept
Monument protection object
Yes
Year of last modernization
2025
Number of floors
4
Level
4th floor
Total area
415 m²
Number of garages
4
Price per parking space
35000 €
Number of parking lots
4
Net rental income (target) p.a.
64320 €
X-times rental income
21.75
Number of units
4
Flooring
Parquet, Laminate
Heating
Floor heating
Year of construction
1906
Equipment
Garden, Basement, Full bath, Shower bath, Fitted kitchen, Guest toilet
Infrastructure
Pharmacy, Grocery discount, General practitioner, Kindergarten, Primary school, Secondary school, Middle school, High school, Comprehensive school, Public transport

Information on equipment

The rooms are bright and spacious, featuring large windows and the characteristic high ceilings typical of this era. All rooms facing the street, as well as all living and sleeping areas, are equipped with blinds, allowing you to adjust the light and privacy to your liking. Each apartment has a separate toilet, a feature that is appreciated by both families and tenants. In addition, the attic offers a very high-quality fitted kitchen that leaves nothing to be desired upon move-in. In summary:
- Historic townhouse with a total of 4 apartments.
- Already divided; individual sale possible.
- Approximately 320 square meters of living space, plus additional basement rooms (approximately...). 32 m²
- Quiet and central location on a 30 km/h zone in the heart of Neu-Ulm.
- High ceilings and unique charm of an older building.
- Mostly new windows.
- Insulated roof from the inside.
- Attic apartment with new electrical wiring.
- Attic space (loft) with potential for development.
- Quiet, green courtyard as a retreat in the heart of the city.
- 4 garages, each with an additional parking space in front – a rarity in the city center.
- 2 out of 4 apartments are currently vacant; all apartments will be available no later than March 31, 2027.
- Built in 1906, continuously modernized in recent years.
- Ground floor: 4 rooms - 79.53 m² (living space)
- 1st floor: 4 rooms - 82.65 m² (living space)
- 2nd floor: 4 rooms - 81.77 m² (living space)
- Attic: 2 rooms - 76.65 m² (living space)
- Attic space: Net floor area 78.24 m² (potential for development - potential for a duplex attic apartment)
- Purchase price: €1,299,000 (plus 4 garages at €25,000 each and 4 parking spaces at €10,000 each)

Location

The house is located in a central yet quiet location on Luitpoldstraße, a traffic-calmed zone with a 30 km/h speed limit, right in the heart of Neu-Ulm.
Shopping facilities, restaurants, and the Danube riverbank are easily accessible on foot – ideal for those who appreciate short distances and a high quality of life.

In the immediate vicinity, you will find a pharmacy, a discount supermarket, and a general practitioner, as well as a kindergarten, primary school, and secondary schools, including a grammar school.
The train station is also within walking distance and, together with public transportation, offers excellent connections. The city of Ulm is located right next door.

Neu-Ulm offers very good connections to long-distance travel due to its proximity to the A7 and A8 highways, as well as its high-speed rail (ICE) connection – Stuttgart and Munich are easily accessible.

Location Check

Nearest places
Nearest places

Energy

Energy certificate type
not legally required
Main energy source
Gas

PDF

Miscellaneous

The four garages will be sold for €25,000 each (total €100,000), and the four parking spaces will be sold for €10,000 each (total €40,000).
An energy performance certificate is not available and is not required for this listed building, in accordance with § 79 para. 4 of the German Energy Conservation Act (GEG).

The information provided has been compiled to the best of our knowledge and belief and does not claim to be exhaustive. The calculation of living space is based on the German standard for living space calculation (WoFlV).
The home staging present in the property is for illustrative purposes only and is not included in the sale.

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Offer from: Ingrid Lohe