Description
A successful investment is measured by results, not promises.
This fully rented two-family home in Steinwenden/Obermohr currently generates €3,000 in monthly net rental income, resulting in €36,000 annual net rental income. With a purchase price of €449,000, the property offers a gross rental yield of over 8% and an attractive purchase price multiplier of approximately 12.5.
For investors, this means one thing above all else: immediate rental income from the day ownership is transferred, without vacancy and without the need to secure new tenants first.
Offering approximately 260 m² (2,799 sq ft) of living space, the property consists of two separate residential units with a total of 10 rooms, 6 bedrooms, and 4 bathrooms. Both apartments feature spacious floor plans, bright living areas, and amenities that have supported reliable occupancy for many years.
Each unit is equipped with its own fitted kitchen and fireplace. The property also benefits from a full basement, two garages, and three additional outdoor parking spaces.
Major improvements were completed up to approximately 2015, including insulated soundproof windows, heating technology, flooring, bathrooms, and significant portions of the interior renovation.
The home is further equipped with a gas heating system and solar thermal technology for domestic hot water. Its well-maintained condition minimizes short-term capital expenditures while providing a solid foundation for long-term ownership.
Steinwenden/Obermohr is located within the immediate catchment area of Ramstein Air Base, one of the region's largest employers and a major driver of housing demand. The convenient access to Ramstein, Landstuhl, and Kaiserslautern, combined with excellent transport connections, further enhances the property's investment appeal.
Shopping facilities, schools, daycare centers, medical services, and all essential amenities are available within just a few minutes.
This property is designed for investors who are not looking for a redevelopment project, but rather for a fully occupied investment property with immediate cash flow, solid construction quality, and attractive long-term return potential.
Investment at a Glance
Purchase Price: €449,000
Monthly Net Rental Income: €3,000
Annual Net Rental Income: €36,000
Gross Rental Yield: Over 8%
Purchase Price Multiplier: Approx. 12.5
Fully Rented
Two Separate Residential Units
Features
Approx. 260 m² (2,799 sq ft) of living space
Approx. 579 m² (6,232 sq ft) lot size
Two separate residential units
Ten rooms
Six bedrooms
Four bathrooms
Two fitted kitchens
Fireplace in each residential unit
Insulated soundproof windows
Gas heating system
Solar thermal hot water system
Full basement
Two garages
Three outdoor parking spaces
Major modernization completed up to approximately 2015
Only minutes from Ramstein Air Base
Location
Steinwenden/Obermohr combines peaceful residential living with excellent accessibility to Ramstein Air Base, Landstuhl, Ramstein-Miesenbach, and Kaiserslautern.
The proximity to Ramstein Air Base has made this area one of the region's most consistently sought-after rental markets. At the same time, residents benefit from a well-developed infrastructure including shopping facilities, schools, daycare centers, medical services, and convenient access to the regional transportation network.
For investors, this creates a compelling combination of existing rental income, strong occupancy potential, and a location with long-term investment appeal.
Posted in:
For Sale - by owner.
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