Flat for sale 2 bedroom • 40 m² without real estateBiedenkopfer Straße, , North Rhine-Westphalia

Charming Attic Apartment – Rented | Investment or Owner-Occupied

At a glance

- 2-room attic apartment, rented

- Living area: 39.81 m²

- Very well-maintained six-unit building

- Built in 1961, solid construction

- Consistently very well-maintained condition

- Very well-kept communal property

- Attractive for both investors and owner-occupiers

- Annual net cold rent: €4,500

- Total monthly service charge: €174, of which €94 is transferable

Modernizations already carried out

- Double-glazed plastic windows – renewed in the 1980s

- In-between rafter insulation in the attic – 1990

- Heating system – modernized in 2003

Already paid for: Façade and roof renovation

- New façade painting scheduled for the coming months

- Roof renovation including partial insulation

- Special assessment (€10,550.00) for this apartment already fully paid

- Positive effect on the energy efficiency rating

Transparent information

The electrical system predominantly reflects an older construction period. Within the wall between the bathroom and the kitchen, there is a mostly horizontal sewage pipe which, according to experience, should be cleaned roughly once a year.

Features

- Eat-in kitchen

- Separate bedroom

- Modernized daylight bathroom

- Private storage cellar room

- Gas central heating

- Cable/Sat-TV connection

The Siegener Giersberg is one of the most popular and sought-after residential areas in the city. The surroundings impress with their successful combination of peaceful living, good infrastructure, and short distances. Amenities for daily needs, doctors, pharmacies as well as schools, kindergartens, and other educational institutions are conveniently located and easily reachable.

The public transport connections are also excellent, allowing easy access to both downtown Siegen and the surrounding districts. Numerous leisure, sports, and local recreation opportunities in the area further contribute to a high quality of living.

The attractive location makes the property particularly interesting for couples, working professionals, and investors alike.

The approximately 40 m² apartment features an eat-in kitchen and a separate bedroom with parquet flooring, as well as a bathroom. Currently, the apartment is rented. Additionally, the apartment comes with a cellar room. There are plenty of free parking spaces on the street in front of the building.

The photos are indeed the original photos of the apartment – I have merely “tidied them up.” For example, the cabinets (which are not being sold with the property) have been partially adapted. The current tenant has been living in the apartment for several years, which is why many personal items can naturally be seen in the original images. Out of consideration for my tenant’s privacy, I generally do not post such personal details on the internet unedited.

Advantages for investors:

- Immediate rental income with no vacancy

- Attractive yield

- Potential for value appreciation in a highly sought-after location

- Low administrative effort

- Manageable investment sum

- Highly favorable tax depreciation options