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

Rare Opportunity – Direct from Owner, 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. The current annual operating rent, excluding additional costs, is €68,980.

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

Heating is provided by individual gas heaters, eliminating the need for a heating cost adjustment.

Additional income potential comes from the property’s 19 garages and 7 outdoor parking spaces, which further enhance its attractiveness to tenants.

The building is in a well-maintained overall condition with no noticeable backlog of repairs. Continuous and proactive maintenance measures have been undertaken, presenting the property today as a reliable and stable investment.

A major plus is the established tenant structure – many long-standing tenants contribute to an uncomplicated and stable rental relationship. The management of the property is also highly efficient: a dedicated caretaker reliably handles maintenance and order, significantly reducing administrative effort.

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

Important Notes

• The property has an assessment regarding potential contamination. A report from the environmental agency is available.

• The area is located in a zone where rubble from the world wars is to be expected.

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

• There are no ongoing tenant disputes.

Modernizations / Condition

• Windows have been replaced from around 1992.

• Apartments were partially renovated during tenant turnovers.

• Some individual gas heaters have been replaced.

• An energy retrofit concept for the heating system is available

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

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

• The central electrical distribution has been renewed.

• A noise protection wall installed by Deutsche Bahn.

Additional Rental Income Potential

• The current listing does not yet account for the 7 rented parking spaces, which offer additional income potential.

• Two of the 19 garages are currently not rented but are being used by the caretaker for storage. These spaces can be made available for rental in the short term.

• The current garage rental rate is below market value. Adjusting the rate to approximately €50 per garage per month seems realistic.

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

• The apartment rents within the property are currently inconsistent. By adjusting them to the highest current rental level within the building, a potential annual net cold rent of approximately €67,200 could be achieved in the short term.

• The resulting average price per square meter would be around €6.61/m², which is still significantly below the current market level, leaving further room for rental increases.

The property is located in a central residential area within Düren, featuring excellent transport connections and an established infrastructure. The surroundings are characterized by simple, down-to-earth housing, offering a reliable rental environment. The proximity to the railway line ensures good accessibility, while the neighborhood remains quiet with a friendly community atmosphere.

Düren lies between the economically strong regions of Cologne and Aachen and is also known as the “Gateway to the Northern Eifel.” With the A4 motorway and Düren station offering direct connections to both Cologne and Aachen, transportation is very convenient. Shopping, schools, medical services, and other daily necessities are all within easy reach, partly accessible on foot.

The asking price has been adjusted following a recent market analysis and is now set at a realistic level. To streamline the sales process, serious buyers are requested to provide proof of available equity or a basic financing confirmation before further discussions.

Please note that inquiries from brokers are not being responded to at this time, as the sale is being conducted directly by the owner.