House for sale • 250 m² without real estateSteinstraße 54, , North Rhine-Westphalia

Rented Residential and Commercial Building in a Central Downtown Location in Emmerich am Rhein

For sale is a rented six-family house located at Steinstraße 54, at the end of the pedestrian zone in the Lower Rhine Hanseatic city of Emmerich am Rhein. Built in 1962, the terraced middle house stands on a 175 m² plot and offers a total living and usable area of approximately 249.7 m², divided into four residential units and two commercial units.

Overview of the areas and usage of the six units:

Ground floor left (Commercial/Office): 52.9 m²

Ground floor right (Commercial/Office): 24.5 m²

First floor left (Apartment): 45.0 m² (currently not rented)

First floor right (Apartment): 41.3 m²

Second floor left (Apartment): 44.7 m²

Second floor right (Apartment): 41.3 m²

On the ground floor, there are two rented commercial units that are currently used as sales offices.

On the two upper floors are four compact two-room apartments, of which three are currently rented.

Additionally, the attic features two converted rooms used as storage and an undeveloped loft – offering potential for an additional residential unit or an expansion of the existing areas.

The building is fully basemented. The basement includes a bicycle cellar, which also serves as a laundry room, a toilet, and five cellar compartments assigned to the individual tenants. A small courtyard is also accessible from the basement.

The current net cold rent for all six units amounts to approximately €1,816.78 per month or about €21,800 annually. The property is particularly suitable for investors seeking an almost fully rented residential and commercial building with stable rental income, a solid downtown location, and development potential in the attic. Upgrading potential already exists in the vacant apartment and in the attic.

The house is constructed in reinforced concrete with a cladded façade and features a gable roof with clay tile covering as well as concrete floors between stories. Due to the construction year, parts of the building require modernization, which simultaneously offers an attractive opportunity for value appreciation for the new owner.

The property at Steinstraße 54 is located in the historic city center of Emmerich am Rhein, a Lower Rhine Hanseatic city with around 31,000 residents, right on the border with the Netherlands. Steinstraße is one of the oldest streets in the downtown area – in close proximity are listed buildings from the 17th century as well as the historic Geistmarkt with the rebuilt town hall.

The location at the end of the pedestrian zone ensures good foot traffic and makes the building particularly interesting for the commercial units housed on the ground floor. Within a few minutes on foot, numerous shops, cafés, banks, doctors, and other service providers in downtown Emmerich can be reached.

Just a short walk away is the approximately one-kilometer-long Rhine promenade with its popular gastronomic mile, the Rheinpark, and an unobstructed view of the Rhine Bridge – known as the “Golden Gate of the Lower Rhine,” which is Germany’s longest suspension bridge. Also within walking distance are the late Gothic St. Aldegundis Church and the Romanesque St. Martini Church, two of the city’s landmarks.

Emmerich am Rhein has good transport connections: the city is located directly on the A3 motorway with connections toward the Ruhr area as well as the Netherlands, and is connected by train (RE 19) to Arnhem, Oberhausen, and the Rhineland, among others. Weeze Airport (NRN) is also easily accessible at approximately 37 km distance.

Due to its immediate proximity to the Dutch border and its integration into the Euregio Rhein-Waal, Emmerich is attractive both as a residential and commercial location – an environment that positively influences the rentability of both the apartments and the commercial units in this property.

An additional locational advantage for landlords is the proximity to the university town of Kleve, which is only about 13 km away or roughly 12 minutes by car, or a good 20 minutes by direct bus. There, the Rhine-Waal University has its main campus, with more than 7,300 students from over 120 nations enrolled – many degree programs are taught in English, which explains the high proportion of international students. As the university actively searches for accommodation for its students in the surrounding area, explicitly including Emmerich, and the housing market around Kleve is strained due to strong student growth, the compact two-room apartments of this property offer additional, stable rental potential for students, commuters, and international university staff.

In recent years, the downtown area of Emmerich has largely been modernized and upgraded, particularly in the Rheinpromenade, Kaßstraße, and Steinstraße areas.

Construction and Structure:

The building, erected in 1962, is constructed in solid construction with a cladded façade. It features a gable roof with a clay tile covering as well as concrete ceilings between the floors. The house is fully basemented, although not all parts of the basement are protected against flooding.

Heating:

The four apartments currently do not have a central heating system; heating is provided via individual gas stoves. For a new owner, there is the opportunity to significantly enhance both the living comfort and the long-term value of the property by installing a central heating system.

Windows and Insulation:

Some of the windows are still single-glazed, and there is currently no roof insulation. This too offers potential for modernization, for instance as part of an energy-efficient renovation.

Sanitary and Apartment Development:

A separate laundry room within the apartments is not provided; however, in the basement there is a communal bicycle and laundry cellar with a toilet available. The apartment entrance doors do not all meet current standards, and some apartments lack doorbells – both of which could be easily retrofitted as part of a renovation.

Ancillary Spaces:

The house includes five cellar compartments assigned to the tenants as well as a small courtyard accessible from the basement. In the attic there are two additional converted rooms with dormer windows and a loft, which provide extra potential space.

Commercial Units:

The two commercial units located on the ground floor are set up as sales offices and benefit from the location in the downtown pedestrian zone.

Note on Valuation:

The modernization needs described here have already been taken into account in setting the asking price and simultaneously present an attractive opportunity for value appreciation for investors.