Sunny 3-unit apartment building with a garage!

70806 Kornwestheim, Apartment house for sale

8 Rooms 173 m² Apartment house in Kornwestheim for sale. Furnishing: Balcony, Built-in kitchen, Garage, etc.

reference

This property has already been successfully brokered.

Property description

Description

This well-maintained apartment building with three residential units, featuring a classic layout across the ground floor, first floor, and attic, is for sale. The building has a full basement. All three residential units are currently rented out, thus offering an immediate source of income for investors. The current base rents and advance payments for operating costs can be found under “Other.”

The ground floor houses a spacious 3-room apartment with a separate kitchen and bathroom. This unit has been leased to the current tenant since 2004 and is in an unrenovated condition—which offers potential for appreciation in value through modernization in the medium term.

The first floor also features a 3-room apartment with a separate kitchen and a modern bathroom. This unit underwent extensive renovation in 2021 and has been leased to the current tenant since 2023.

The attic was also completely renovated in 2021 and has been rented out since 2023. It features a charming 2-room apartment with a bathroom and a separate storage room—ideal for singles or couples.

The property is complemented by a garage, which is currently leased to an external tenant.

This property is an excellent long-term investment with development potential—particularly due to the renovation potential on the ground floor. The stable tenant base and well-maintained building condition round out the offer.

Equipment

In 2021, the two upstairs apartments and the attic apartment underwent extensive renovations, bringing them up to modern, contemporary standards. The renovations focused in particular on the floors, walls, electrical systems, bathrooms, and the installation of new gas-fired radiators.

The ground-floor apartment has not yet been renovated.

There is a laundry room in the basement, which is used by the ground-floor apartment. The connections for the two upper apartments are located directly inside each apartment.

Miscellaneous

Rent:
Top Floor: 800€/month plus 100€ BKV (rented since 2023)
1st Floor: 860€/month plus 100€ BKV (rented since 2023)
Ground Floor: €437/month plus €110 BKV (rented since 2004)
Garage: €60/month (rented since 2022)

House cleaning and yard maintenance are outsourced.

Location

The property at Am Sportplatz 12 in Kornwestheim is located in a quiet, family-friendly residential neighborhood, right next to several sports and recreational facilities. The area features plenty of green space, well-maintained homes, and good local amenities. Shopping, schools, and preschools are just a few minutes away.

Transportation connections are excellent: By car, you can reach Ludwigsburg in about 10 minutes and Stuttgart in about 20 to 30 minutes—either via the B27 or the nearby A81. The Kornwestheim train station is only about 1.5 km away and offers fast connections: By S-Bahn (S4, S5) or regional train, you can reach Ludwigsburg in about 4 minutes and downtown Stuttgart in about 15 minutes. The location combines tranquility, proximity to the city, and excellent infrastructure—ideal for families, commuters, and those who enjoy sports.

Note: Some of the texts on this page have been translated automatically. The German version of these texts is binding.