Multi-family House

Top investment in Degerloch

Price

1.890.000 €

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Object ID

2259

Plot size

± 398 m²

Location

Stuttgart

Purchase Price

1.890.000 €

4,76 (incl. 19% VAT.)

The brokerage fee is 3.57% including statutory VAT. It is earned and due at the conclusion of a notarized sales contract and to be paid by the buyer. The broker has concluded a commissionable brokerage contract in the same amount with the seller. Real estate transfer tax, notary and court costs are to be borne by the buyer. Furthermore, our terms and conditions apply. Subject to error and prior sale.
2259_Stuttgart

Description

The four-story apartment building is located in a preferred residential area in Stuttgart Degerloch. With a plot size of 398 m², the property still offers expansion potential, such as a possible balcony addition. The multi-family house in need of renovation was built in 1946 in solid solid construction and modernized in 1975. Over the last few years, double-glazed plastic windows were installed, the facade was renovated and the attic was converted into a 3-room apartment. Currently, the house has about 452 m² of living space, which is divided into four self-contained residential units. The building has a full basement. Here, in addition to the laundry room, the basement rooms, the hobby room still another vaulted cellar is housed.
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Equipment

The distribution of the living space is as follows: First floor: 1st apartment: approx. 117 m² / 4 rooms Current rental income: 938,88 € Potential rental income after renovation: 2.228 € 1st floor: 1st apartment: approx. 117m² / 4 rooms Current rental income: 904,79 € Potential rental income after refurbishment: 2.228 € 2nd upper floor: 1st apartment: approx. 125 m² / 4 rooms Current vacancy Potential rental income after refurbishment: € 2,381 Top floor: 1st apartment: approx. 93 m² / 4 rooms Current rental income: 515,78 € Potential rental income after renovation: 1.748 € The current annual rental income including vacancy is 28,313 € per year. The potential annual rental income after redevelopment is €103,020 per year.
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2259_Stuttgart

More details

Plot size

± 398 m²

Construction year

1946

Bathrooms

4

Bedrooms

12

Primary energy source

Gas

Type of heating

Heating by Stove

Total rooms

16

Parking spaces

-

Energy pass

Final energy demand
270,80 kWh/(m²·a)
0
25
50
75
100
125
150
175
200
225
>250

Construction year

1946

Primary energy source

Gas

Energy requirements

270,80 kWh/(m²*a)

Energy efficiency class

H

Stuttgart

The apartment building is located in Stuttgart in the Degerloch district, a city district on the southern edge of Stuttgart city center on the Filder plain. Only a few minutes’ walk away is Stuttgart’s landmark, the TV tower. Degerloch is considered one of the best and most popular residential areas in Stuttgart. Stuttgart’s city center can be reached by car in about 13 minutes, Stuttgart Airport even in only ten minutes. All stores for daily needs are within walking distance. Kindergartens as well as all schools (elementary school, secondary school, grammar school and the international school) can be reached in about five to ten minutes on foot. Via the Neue Weinsteige (B27 Heilbronn – Tübingen) Degerloch is connected with the city center and the A8 (Karlsruhe – Ulm). Degerloch is served by the U5, U6, U8 and U12 light rail lines, which call at four stops in Degerloch. The rack railroad (line 10), which has been in operation since 1884, runs along the “Alte Weinsteige” and connects Degerloch with Marienplatz in Stuttgart-Süd. The journey time is twelve minutes.

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Contact Person

Stéphan Kocijan
stephan.kocijan@bw-sothebysrealty.com
Baden-Württemberg | SOTHEBY’S International Realty
Königstr. 27, 70173 Stuttgart

Object ID

2259

Solely commissioned – Baden-Württemberg | Sotheby’s International Realty (Schurrer & Fleischer International Realty GmbH). All images and graphic representations in this exposé are the property of Baden-Württemberg | Sotheby’s International Realty (Schürrer & Fleischer International Realty GmbH) and may not be used or passed on by or to third parties. Business license according to § 34c GewO issued by the district office of Stuttgart. Sales tax identification number: DE334987419. Professional Chamber: Stuttgart Chamber of Industry and Commerce. All information is subject to change and is based solely on information provided to us by the client. We assume no liability for the completeness, accuracy and timeliness of this information. By inquiring about this property, the interested party gives their express consent for one of our employees to contact us by telephone or e-mail. All the conversations must be guided by our office. In the event of infringement, we expressly reserve the right to claim damages up to the amount of the commission claims. Errors, intermediate rental and intermediate sale remain reserved.