SOLD! Investment! Cozy 2-room top floor apartment – central location in Alt-Saarbrücken

The sale of this and 2 other apartments in this building is carried out directly by the owner, there are no brokerage fees for the buyer.

At Deutschherrnstr. 37-39 you will find a well-maintained apartment building divided into 11 condominiums on 4 floors plus 2 commercial units on the ground floor.

The cozy 2-room apartment for sale here was renovated in 2020 and has been rented to a nice, young couple without notice since then.

The monthly rental income is currently only €350, so there is clearly potential for an increase. The advance payment for additional costs is currently €150, although according to the new 2024 budget, only around €120 would be enough.

The monthly maintenance fee including the allocation to reserves, which the owner pays monthly, is €242 according to the 2024 business plan, of which approx. €120 can be passed on to the tenant, the allocation to the formation of reserves of approx. €35 is included and approx. €87 are the non-allocable costs.

The co-ownership share of this apartment is 55.15/1000.

The land value for this location is currently € 230,-/m².

The reserves as of December 31, 2022 are shown in the 2022 maintenance fee statement as minus € 53,153.47. The negative amount is due to the fact that the owners' association took out a loan in 2019 to replace the roof of the house.
According to the 2024 business plan, the annual reserve contribution of all owners is € 7,500.

The seller is the owner of 2 other apartments in the same building, which are also offered for sale. If you are interested, we will be happy to send you the corresponding exposés.

You enter the apartment on the 4th floor on the right (without elevator) into a comfortable hallway area, from which all rooms are individually accessible.

In 2020, the floor of the apartment was covered with new laminate in a light beech wood look, and the walls were wallpapered with white woodchip wallpaper.

One room faces the front of the house, bedroom and kitchen face the quiet garden side.

The two rooms can be easily divided into a living room and a bedroom and the kitchen is quite spacious, so that a breakfast table can also be integrated.

The interior bathroom is tiled in white with a bathtub, toilet and sink.

In the basement of the house there are the classic wooden sheds, one of which is assigned to this apartment.

Deutschherrnstrasse in the popular Alt Saarbrücken district is a central residential area that offers all the necessary infrastructure and short distances, both to shops for daily needs and to a wide range of restaurants, all within easy walking distance, practically on your doorstep.

The direct proximity to the HTW campus (5 minutes' walk) and the proximity to Heuduckstraße, a public transport hub; from where you can get anywhere very quickly; even to the university campus are further advantages of this central location.

The personal impression on site – conveys more than 1000 words in the exposé, we look forward to hearing from you to arrange your individual viewing appointment.

Note 1: When making enquiries, we always require your complete contact details: name, first name, address, email address + telephone number.

Note 2: All information in this exposé comes from third parties (owner, administrator, architect, ...) for whom we cannot accept any guarantee or liability. Errors and prior sale remain reserved.

Note 3: Please excuse the suboptimal quality of the photos, which we had to adopt as they are.