Flat for sale 3+kk • 99 m² without real estateEssen Kray Nordrhein-Westfalen 45307

The offered 3.5-room apartment is located in a well-maintained multi-family house built in 1911 in the popular Essen district of Kray and represents an attractive investment opportunity, especially for institutional investors. The façade of the building is listed, preserving the historic character of the property while also allowing for tax benefits through enhanced depreciation opportunities.

The apartment has been reliably rented for three years. The current tenants are eager to continue the lease, providing the buyer with an immediate and predictable income situation without any vacancy risk. The current monthly cold rent is €860, and the warm rent is €1,020. This results in a net annual cold rent of €10,320 and an attractive gross rental yield of 6.88%.

The apartment impresses with a popular and easily rentable 3.5-room layout, as well as a balcony that offers additional living comfort. Particularly noteworthy is the spacious and comfortable bathroom, which features both a shower and a bathtub. Additionally, connections for a washing machine and a dryer are present.

A private basement storage room provides additional practical storage space.

Heating is provided via district heating, while hot water is ensured by gas. The characteristic, listed façade gives the building a special old-world charm and underscores the asset value of the property.

The apartment is located in the Essen district of Kray—a well-established residential area in the eastern part of Essen with good infrastructure and stable rental demand. The surroundings are characterized by well-maintained multi-family houses, short distances to daily necessities, and excellent connections to both public and private transportation.

Shopping options, supermarkets, bakeries, pharmacies, doctors, and other essential services are located in the immediate vicinity and are partly within walking distance. Schools, kindergartens, and recreational facilities are also available in the district, making the location attractive for singles, couples, and small families alike.

The transportation connections are excellent: the nearby motorways A40 and A52 allow for quick access to the surrounding cities of the Ruhr area. In addition, there is good public transport connectivity with bus and train services toward downtown Essen as well as to the neighboring districts.

The district of Kray is characterized in particular by its solid residential structure and the continuous demand for affordable housing. This provides excellent conditions for long-term stable tenancy, making the property especially interesting for institutional investors.

All information in this exposé is based on details provided by the owner. No liability is assumed for the accuracy, completeness, or timeliness of the information. Errors and intermediate sales remain reserved.