Flat for sale 3+1 • 77 m² without real estateBahlenstraße 146 Düsseldorf Holthausen Nordrhein-Westfalen 40589

Rented 3-Room Condominium in Düsseldorf-Holthausen – Solid Investment, Commission-Free from Private Seller

NUMBERS AND FACTS

This 3-room apartment (built in 1960) with approximately 77 m² of living space on the 2nd floor has been rented since May 2022 and is an excellent investment opportunity. You can enjoy stable cash flow from day one without the risk of vacancy. The current net cold rent is €840/month (or €10,080/year), which, with a purchase price of €229,000, corresponds to a gross rental yield of approximately 4.4% and a purchase price factor of around 22.7.

The apartment is currently rented at €10.91/m², while the rental index in Holthausen is already higher.

MAINTENANCE

The residential complex is continuously and proactively maintained. In recent years, several value-preserving modernization measures have already been implemented, including balcony renovations on other buildings in the complex and a roof replacement. An actively renovating community is an important quality feature for investors, as it avoids deferred maintenance and secures the long-term value of the property.

The fact that the maintenance reserve is correspondingly moderate is the logical outcome of this consistent value preservation: instead of accumulating capital over the years, it was purposefully invested in the substance. Now, only the remaining balconies are to be renovated. In this case, the costs incurred will be fully covered by the previous owner – you acquire the apartment without any outstanding items from these modernization measures.

OPTION: SINGLE GARAGE

Additionally, a separate single garage (with its own land register entry, currently rented for €65/month) can be purchased for €20,000.

ADDITIONAL INFORMATION

Sale is commission-free from a private seller. Viewings are by appointment only, as the apartment is rented. Complete documents (condominium maintenance statements, declaration of division, protocols) will be provided to serious interested parties.

Bahlenstraße 146 in 40589 Düsseldorf-Holthausen. The apartment is located in a quiet, traffic-calmed residential area with excellent public transport connections (U-Bahn, S-Bahn, bus) and quick motorway access (A46, A3). Shopping, restaurants, doctors, a daycare center, and an elementary school are within walking distance, and Elbroichpark is in the immediate vicinity. The proximity to major employers in southern Düsseldorf (including Henkel, industrial park) ensures a constant demand for rentals.

THE APARTMENT

A central hallway connects all the rooms. The spacious living room offers space for both a lounge and dining area, the separate bedroom is located in a quiet area, and the flexible third room is suitable as a children's room, guest room, or study. The kitchen has direct access to the balcony, and the full bathroom features a window for daylight. In addition, there are two interior storage rooms as well as a separate basement storage room. The balcony is situated quietly on the landscaped courtyard side. Heating is provided by a gas-fired individual heating system; a preliminary resolution for concealed installation of an air conditioning/heat pump system is in place. A fiber-optic connection can be ordered.