Student Residence in Kornwestheim: 82 Furnished Rooms – Renovated. The property is located in Kornwestheim, between Stuttgart and Ludwigsburg. The Kornwestheim S-Bahn (suburban train) provides good connections to Stuttgart and Ludwigsburg; the A81 motorway can be reached in just a few minutes. Shopping facilities and restaurants are located nearby. According to the property description, the location offers demand for housing for workers, students, and social service providers. A location map is included with the property description. Renovated, furnished, and ready to rent: Student residence at Bolzstraße 130, 70806 Kornwestheim. The existing building, dating from 1958, offers 82 fully furnished rooms available for rent, totaling approximately 1,613 m² of living space, according to a floor area calculation by the surveying firm Gräber + Javorsky dated July 11, 2023. The property comprises 2,494 m² (parcel 3755/5). Rentals are conducted via standard residential leases; the process of stabilizing the occupancy is underway. According to the property listing, €1,192,417 was invested in renovations between 2020 and 2025. These renovations included the facade, balconies, entrance, electrical system, windows, flooring, interior doors, furnishings, and shower, bathroom, and kitchen areas. Room layout and target net rents at full occupancy: - 22 small rooms, approx. 7.5–8.2 m²: €350 per month per room - 54 medium rooms, approx. 9–19 m²: €450 per month per room - 6 large rooms, approx. 20–25 m²: €550 per month per room. The target net rent is €35,300 per month or €423,600 per year. These are model figures based on full occupancy, not the current actual rent. The office and caretaker's apartment are not included. Purchase price: €5,000,000. The purchase price calculation in the exposé is based on a target annual net rent of €423,600 less a €27,000 annual shortfall in operating costs, multiplied by a factor of 12.5 and rounded up to the nearest €50,000. The stated gross yield of approximately 8.5% refers to the target rent before costs. Additional potential is offered by the approximately 441 m² unused attic and over 200 m² of basement storage space. No additional income or development costs are included in this calculation. - Solid construction, built in 1958; Renovation 2020–2025 - 82 fully furnished rooms including the attic - Facade newly plastered and painted - Balconies including flooring and railings renewed - New entrance with intercom system - Electrical wiring, windows, floors, and interior doors renewed - PoE cameras installed - Shared kitchens and restrooms on the ground floor, 1st floor, and 2nd floor - Shared showers in the basement - Shower and sanitary facilities including water pipes renewed in 2020 - Laundry room, drying rooms, bicycle storage, and smoking room - Central heating and hot water supply via oil heating system - District heating connection available, currently not connected to the heating system - Office and caretaker's apartment also available, not included in the rent calculation. Energy certificate: Consumption certificate, valid until November 7, 2031. Final energy consumption 176.4 kWh/(m²·a), energy efficiency class F, main energy source: heating oil. The target rents refer to full occupancy. Current actual rents and occupancy must be checked separately. The flat-rate service charge is €125 per room per month. With 82 rooms, this results in monthly flat-rate income of €10,250 compared to estimated operating costs of €12,500 per month. The shortfall of €2,250 per month, or €27,000 per year, is factored into the purchase price calculation. According to the property details, heating/hot water, common area electricity, and building cleaning are based on information provided by the owner; other cost items are estimated and must be verified with supporting documentation. The common areas are not included in the net rental area of the rooms. The potential in t
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