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Air-conditioned 3-room apartment in Korb – an attractive investment from a tax perspective, or suitable for personal use.

71404 Korb – Baden-Württemberg
199.900 €
3
Room
65.11 m²
Living Area
Private offer
Apartment

Attractive 3-room apartment with renovation potential for tax optimization – an ideal investment in Korb.

Property Description:
For sale is a well-designed 3-room apartment in an attractive location in Korb. The apartment is in need of renovation, offering an excellent opportunity for individual improvement and sustainable value appreciation. A special highlight for investors.

The property is ideal for investors who want to benefit from a tax-optimized renovation strategy. With appropriate planning and a clear intention to rent it out, there is the possibility to deduct renovation costs for tax purposes and to realize their benefits early on. This can lead to a significant reduction in your personal tax burden, depending on your individual circumstances. The planned renovation costs of approximately €45,000 can be claimed as a tax deduction. This noticeably reduces your tax burden while simultaneously creating new living space and sustainable property value. A portion of the investment is effectively offset by tax benefits. Example calculation (simplified) for a gross salary of €150,000:
Taxable income: approximately €130,000
Tax burden: approximately €50,000
After considering renovation costs:
Taxable income: approximately €85,000
Tax burden: approximately €30,000
→ Potential tax relief: approximately €20,000
Attractive rental potential
A test advertisement for rental has already generated over 90 inquiries – with a base rent of €1,090 plus €50 for a parking space. This corresponds to an attractive rental yield of approximately 5% – and this for a recently renovated apartment with modern features. Important note:
The tax treatment is always dependent on the specific circumstances. Consulting with your own tax advisor is strongly recommended. Upon request, we can provide contact information for a tax advisor specializing in real estate.

Are you interested in this apartment?

Object Number
OM-471806
Object Class
Apartment
Object Type
Apartment
Is occupied
Vacant
Handover from
By arrangement

Purchase price & additional costs

purchase price
199.900 €
Purchase additional costs
approx. 13,035 €
Total costs
approx. 212,934 €
Purchase price garage/parking space
9,900 €
HOA fee
238 €

Breakdown of Costs

Purchase price 199.900 €
Real estate transfer tax 9,995 € (5.00%)
Notary costs 2,006 € (1.00%)
Land register entry 1,034 € (0.52%)
Broker commission 0€ (0%)

* Costs for notary and land register were calculated based on the fee schedule for notaries. Assumed was the notarization of the purchase at the stated purchase price and a land charge in the amount of 80% of the purchase price. Further costs may be incurred due to activities such as land charge cancellation, notary escrow account, etc. Details of notary and land registry costs

Does this property fit my budget?

Estimated monthly rate: 793€

More accuracy in a few seconds:

By providing some basic information, the estimated monthly rate is calculated individually for you. For this and for all other real estate offers on nirqovalen.shop

Based on equity 20% of the purchase price plus the purchase incidental costs / 10 years fixed interest rate / 2% initial repayment / Effective interest rate 3.95%

Details

Condition
Gutted
Number of floors
3
Level
Ground floor
Usable area
12 m²
Bathrooms (number)
1
Bedrooms (number)
2
Number of parking lots
1
Flooring
Tiles, Vinyl / PVC
Heating
Other
Year of construction
1961
Equipment
Balcony, Basement
Infrastructure
Grocery discount, Kindergarten, Primary school, High school, Comprehensive school

Information on equipment

The apartment will be equipped with modern split air conditioning systems, which will not only ensure a pleasant indoor climate but will also significantly reduce energy costs. The building's energy performance certificate is already good, but the new equipment will ensure that the energy efficiency of this apartment is significantly above the standard.

Location

The property is located in a quiet yet well-connected area of Korb. Shops, public transportation, and all essential amenities are easily accessible.

Location Check

Sports
Child Friendliness
Shopping
Eating Out
Health
Culture
Nature
Nightlife
Public Transport

Energy

Final energy consumption
106.00 kWh/(m²a)
Energy efficiency class
D
Energy certificate type
Consumption certificate
Main energy source
Air/water heat

PDF

Miscellaneous

This property is an ideal investment for those seeking not only capital appreciation but also opportunities for tax optimization.

The images shown are from a comparable apartment that has been professionally renovated to showcase its full potential. Once the renovation is complete, this apartment will also radiate a similar sense of brightness, modernity, and warmth, ready to become your new home or a perfect investment property.

The floor plan shown is the original floor plan of the apartment for sale.

Non-deductible operating costs: €136 per month.

We look forward to receiving your inquiry if you are interested.

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