Deal of the week · Updated every Monday
1958 building, 17 units
What makes this building unusual is not the rent. It is the tax: the whole refurbishment is booked as Erhaltungsaufwand, so it comes off your taxable income in the year you buy rather than being spread over decades. On top of that, an established Südstadt address with consistently strong rental demand.
Exact purchase prices, the deductible amount per unit and the full cost breakdown go to the waiting list, not onto this page. Erhaltungsaufwand reduces your taxable income; what actually reaches you is the tax you no longer pay on it. This is not tax advice - your Steuerberater signs it off, not us.
The tax case is the reason. The location is the second.
Eleven of the 17 units are being refurbished to shared-living (WG) standard before handover. The cost is booked as Erhaltungsaufwand rather than capitalised, so it comes off your taxable income in the purchase year instead of being written down over decades.
A 1958 building in a street with consistently strong rental demand. The refurbished units are let by the room rather than as one flat - which is why gross yield lands nearer 5.2% than 4%.
The seller's own construction company carries out the work at a fixed price under the Sanierungsvereinbarung, so scope and cost are settled before you sign. Completion and the first tenancy are scheduled for August 2027. You are the buyer, not the developer.
Three dates that matter.
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