House for sale • 879 m² without real estateFärberstr. 116 Düsseldorf Bilk Nordrhein-Westfalen 40223

!! Please, no broker inquiries !!

For sale is a comprehensively modernized multi-family house with a total of 17 residential units spread over five floors. The property was extensively gutted and modernized during 2017–2018 and upgraded to the Effizienzhaus 70 energy standard.

As part of the renovations, the roof was completely renewed and converted into three new residential units (including maisonette apartments).

The building now presents itself in an excellent overall condition with no significant maintenance backlog, offering investors a solid, sustainably optimized investment.

Distribution of units:

• 4 × 1-room apartments

• 12 × 2-room apartments

• 1 × 3-room apartment

  of which on the top floor:

  • 2 maisonette apartments (new building 2018)

  • 1 additional 2-room apartment (new building 2018)

The high proportion of smaller units ensures excellent rental appeal and caters to a broad target group.

Economic key figures:

– Annual net cold rent: approx. €140,000 with potential for adjustments upon new leasing, which could raise the annual net cold rent to up to approx. €168,000.

– There are currently 7 indexed lease agreements that lead to further annual rent adjustments.

– Additional earnings from electricity feed-in of the combined heat and power plant (CHP).

The property generates a stable ongoing cash flow while also offering attractive development opportunities.

Rental and Value Appreciation Potential:

Due to the high proportion of smaller residential units, there is above-average potential for rent increases, particularly with new leases. The combination of:

– Sought-after apartment sizes,

– A good location in Düsseldorf,

– A modernized condition,

enables a sustainable optimization of rental income.

Investment highlights:

– Comprehensively modernized and energetically optimized

– Sustainable condition with no short-term investment requirements

– Additional income from the CHP

– Excellent rental potential due to the apartment mix

– Attractive potential for rent increases

– Stable cash flow

– Sought-after location in a strong economic city

The offered multi-family house is located in a desirable residential area of Düsseldorf. The state capital of North Rhine-Westphalia is among the most economically strong regions in Germany and is characterized by a high demand for living space as well as stable rental developments.

The micro-location impresses with good infrastructure, quick access to public transportation, and high appeal for tenants from various target groups.

Condition of the units:

• 3 apartments: New construction (2018, top floor)

• 12 apartments: Extensively gutted/modernized (predominantly 2017–2018)

• 2 apartments: In need of renovation

Overall, there is no significant backlog in renovations.

Measures undertaken:

As part of the comprehensive modernization, among other measures, the following were implemented:

– Complete energy refurbishment to the Effizienzhaus 70 standard

– New windows in all residential units

– New heating system including a combined heat and power plant (CHP)

– Renewal of all water pipes as well as all radiators

– Insulation of the facade, roof, and basement ceiling

– Complete roof renewal including conversion into 3 residential units

– New fire escape in the rear courtyard

– Renewal of the entrance door, basement door, and courtyard door

– New electrical distribution box in the basement

– Newly laid out garden area

This multi-family house represents an attractive investment with a solid income base and additional development potential.

In particular, the combination of energy refurbishment, top-floor conversion, and stable tenant structure makes the property

Energy key figures:

– Energy standard: Effizienzhaus 70

– Primary energy requirement: 28.6 kWh/(m²·a), representing a sustainable investment in the current market environment.

I am happy to provide further documents (tenant list, floor plan, energy certificate, etc.) upon request.