Mannheim | 2-room investment property | 2 balconies | Parking space | 5.02% gross yield.

PLEASE READ THE FULL PROPERTY DESCRIPTION BEFORE MAKING ANY INQUIRIES. For sale is a well-maintained, rented 2-room apartment with 66.37 square meters of living space, located on the 2nd floor of a regularly maintained multi-family building in Mannheim-Wohlgelegen (Neckarstadt-Ost). The apartment features a living room, a bedroom, a separate kitchen, a bathroom, and two balconies. A parking space is also included in the offering and is currently rented out separately. This property is particularly suitable as an investment, offering ongoing rental income and a contractually agreed-upon rent escalation clause.

PURCHASE PRICE AND RETURN
* Apartment: €222,000
* Parking Space: €10,000
* Total Purchase Price: €232,000
* Monthly Cold Rent (Apartment): €920
* Monthly Rent (Parking Space): €50
* Annual Total Cold Rent: €11,640
* Gross Rental Yield: 5.02%

The contractually agreed-upon rent escalation clause stipulates an annual increase of €25 to the monthly rent for the apartment.

SERVICE CHARGES (Hausgeld)
Approximately €406 per month, including:
* €208 for operating costs (eligible for reimbursement)
* €100 for other non-reimbursable costs
* €98 for contributions to the maintenance reserve fund

ENERGY PERFORMANCE DATA
* Energy Performance Certificate dated 04.11.2021
* Valid until 03.11.2031
* Final Energy Requirement: 93.0 kWh/(m²·a)
* Energy Efficiency Class: C

The sale is commission-free and directly from the owner. Transfer of ownership is possible upon full payment of the purchase price. The existing lease agreement remains in place upon the change of ownership.

Location Description:
The apartment is located in Mannheim-Wohlgelegen (Neckarstadt-Ost), a well-established and excellently connected district, very close to the center of Mannheim. A particular highlight is the excellent local amenities. The Marktkauf/Scheck-in center, with its wide range of shops, is just a few minutes' walk away. Bakeries, pharmacies, doctor's offices, and other shops for daily necessities are also located in the immediate vicinity. Another advantage of the location is its proximity to the University Hospital of Mannheim, one of the city's major centers for medical care and employment. The hospital is easily accessible. The location also offers good infrastructure for families. Kindergartens, the Erich-Kästner primary school, the Ludwig-Frank secondary school, and other educational institutions are located nearby. The public transportation connections are also very good. The Eisenlohrplatz bus stop is located nearby. The surrounding tram lines provide easy access to the center of Mannheim, the main train station, and other districts. Regional transport links are also quickly accessible. The combination of shopping facilities, medical care, educational institutions, public transportation, and proximity to major employers makes this location attractive to both owner-occupiers and investors.