Investment property with no ongoing fees | Currently rented | Elevator access | Approximately 6.3% gross yield.

Investment Property Overview:
Purchase Price: €79,800
Living Area: Approximately 42 m²
Annual Net Cold Rent: €5,040
Gross Rental Yield: Approximately 6.3%
Rented since August 4, 2022, with no fixed end date.
No rent arrears.
Service Charges: €291 per month, of which €210 are pass-through costs.
Elevator available.
Commission-free sale directly from the owner.

For sale is a well-maintained and reliably rented one-bedroom apartment with approximately 42 m² of living space, located on the 3rd floor of an apartment building in Laatzen. The apartment is particularly suitable as an investment property and is being sold directly by the owner, without any real estate agent commission.

Rental Agreement:
The apartment has been rented since August 4, 2022, with no fixed end date.
Monthly Net Cold Rent: €420
Annual Net Cold Rent: €5,040
Advance Payment for Operating Costs: €67
Advance Payment for Heating Costs: €80
Total Rent: €567 per month
The rental agreement is reliable, and there are no rent arrears.

Service Charges and Ongoing Costs:
The monthly service charges are currently €291. This includes:
€210 which are pass-through costs (reimbursed to the owner).
€81 which are not pass-through costs.
Of this, €45 is allocated to the maintenance reserve fund.

A significant portion of the service charges can be passed on to the tenant through operating costs. For the 2024 accounting year, there was also a surplus in the service charge statement for the apartment.

Solid Reserve Fund:
As of December 12, 2024, the homeowners' association has a reserve fund of €205,887.36. In recent years, various maintenance and modernization measures have been carried out on the building and financed from existing funds. Based on current information, no major projects or special assessments are currently planned.

Apartment and Building:
The apartment has always been well-maintained and is in a well-kept and functional condition. Various measures have already been carried out on the building and within the residential complex, including work on windows, the entrance door, and water meters. An elevator is available, providing convenient access to the 3rd floor. The management of the homeowners' association has been handled by Lange Immobilienmanagement since January 1, 2025.

Interesting for Investors:
Already Rented
€5,040 annual net cold rent
Existing, unlimited lease agreement
Reliable rental payments
Over €205,000 in reserve fund for the homeowners' association. No major measures or special levies have been decided upon recently.
A significant portion of the service charges are deductible.
Elevator available.
Well-maintained condition.
Direct sale from the owner.
No real estate agent fees.
Complete documentation, including the lease agreement, energy performance certificate, service charge statements, reserve fund development, and minutes of the owners' meetings, can be provided to serious buyers. Viewings are possible by prior appointment. I look forward to hearing from serious potential buyers.

This apartment is located in a very quiet area of Laatzen, benefiting from green spaces and excellent infrastructure.

Location & Rental Potential:

* Good access to public transportation.
* Easy access to Hanover.
* Close to local amenities, doctors, and shops.
* Approximately 3 minutes by car to the exhibition center.

The combination of its location, apartment size, elevator access, and proximity to the exhibition center ensures excellent rental potential and is particularly appealing to singles, commuters, and students.