House for sale 1 bedroom • 848 m² without real estate, North Rhine-Westphalia

Rare Opportunity – Privately Sold, No Broker:

For sale is a well-maintained multi-family house with two entrances in Düren, ideally suited as a solid and long-term investment.

Built around 1960, the property comprises a total of 16 residential units with an overall living area of approximately 848 m². The apartments feature practical, compact floor plans of about 53 m² each and all come with a southwest-facing balcony as well as a separate basement storage compartment.

The heating is provided by gas-fired individual boilers, meaning that no heating cost settlement is required.

Additionally, the property includes 19 garages and 7 outdoor parking spaces, which represent extra sources of income and enhance its appeal to tenants.

The building is in a well-maintained overall condition with no noticeable deferred repairs. Maintenance measures have been carried out continuously and proactively, so the property today presents itself as a reliable and stable investment.

A major plus is the well-established tenant structure – many long-standing tenants contribute to a smooth and stable rental relationship. The property management is also efficient: a dedicated caretaker reliably ensures proper upkeep and order, significantly reducing administrative effort.

Overall, this is a straightforward investment with a solid return and further development potential – ideal for investors who value stability and predictable income.

Important Information

• There is a contamination classification for the property. An environmental agency report is available.

• The area is located in a zone where remnants of wartime rubble are to be expected.

• In addition, the area is recorded as a former site of a lead white factory.

• There are no ongoing tenant disputes.

Modernizations / Condition

• Windows were renewed around 1992.

• Apartments were partially renovated during tenant turnovers.

• Gas-fired boilers have been partly renewed.

• A concept for energy-efficient renovation of the heating system is available

(conversion to an air-to-water heat pump with apartment units,

estimated cost approx. €86,000 net, generally eligible for funding).

• Central electrical distribution has been renewed.

• Noise protection wall installed by Deutsche Bahn.

Additional Rental Income Potential

• In the current figures, the 7 rented parking spaces have not yet been considered, offering additional income potential.

• Two of the total 19 garages are currently not rented, but are being used as storage space by the caretaker. These spaces can be leased out in the short term.

• The current garage rental rate is below market level. An adjustment to around €50 per garage per month seems realistic.

→ This would result in a potential annual income of approximately €11,400 from garage rentals.

• The apartment rents within the property are currently inconsistent. Adjusting them to the highest current rental level in the property could already yield a possible annual net cold rent of approximately €67,200 in the short term.

• The resulting average rental price per square meter would be about €6.61/m², which remains significantly below the current market level, providing further potential for rental increases.

The property is located in a central residential area in Düren with good transportation links and established infrastructure.

The surroundings are characterized by simple, down-to-earth residential developments and offer a reliable rental level. The proximity to the railway line ensures good accessibility while the area remains a quiet residential neighborhood with a functioning community atmosphere.

The city of Düren lies between the economically strong regions of Cologne and Aachen and is also known as the “Gateway to the North Eifel.”

Due to the A4 motorway and Düren train station with direct connections to Cologne and Aachen, very good transport links are provided.

Shopping facilities, schools, doctors, and daily necessities are available in the vicinity, with many within walking distance.