Stilvolles 1-Zimmer-Apartment mit West-Balkon
Franziskanerstraße 16, 81669 München
Property description
This compact apartment, situated in a well-maintained complex featuring expansive green spaces and mature trees, offers everything needed for a hassle-free lifestyle—all within a setting that feels far more tranquil than typical big-city living.
The property is held under a leasehold arrangement (*Erbbaurecht*): the apartment is purchased without a share of the land; instead, a monthly ground rent of €85.31 applies (as of Jan 1, 2023; linked to the Consumer Price Index) and is paid via the monthly service charge. The leasehold agreement expires on March 31, 2050, without any compensation or reimbursement.
For investors: Since no land share is acquired, the entire purchase price is eligible for depreciation. The remaining term of approximately 24 years allows for significantly higher annual depreciation—a tangible tax advantage.
In 2022, the homeowners' association approved a roof and façade renovation project. The seller has already paid the first special assessment; the buyer assumes responsibility for the remaining four installments (totaling €4,370.76).