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68163 Mannheim
Gross Yield:
5%
Time to pay off with rent:
15444.4 years
Price Difference:
-150000%
Expected Rent:
8€/month
This building complex consists of 12 apartments spread across five floors, including a basement and a converted attic. The residential areas vary in size from 48 to 79 square meters, totaling 619 square meters of living space. Additionally, there is a garage building featuring five garages on one level with a usable area of 130 square meters, as well as a workshop building that has a single floor and a usable space of 80 square meters. The property dates back to 1959, with the windows having been modernized prior to 2000. A central heating system provides warmth and hot water to the building. While the overall condition of the building is satisfactory, it does require a higher level of maintenance and general renovation work is necessary. There are concerns regarding the use of the attic for residential purposes, due to deficiencies in accordance with the state building regulations, such as the lack of an elevator to the fifth floor, unclear emergency escape routes, and insufficient ceiling heights. As a result, these attic apartments are not being valued. The property is being auctioned at the relevant district court with a market value of 1,390,000 EUR.
68163 Mannheim