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

For sale is a fully rented multi-family house built in 1929 with four residential units and approximately 250 m² of living space on a plot of about 551 m². The distinctive main house—with its clinker facade, bay window, and hipped roof—houses one apartment on the ground floor, one on the upper floor, and one in the attic; a spacious fourth unit is located in an extension. The clear layout, with one unit per level, ensures straightforward and sustainable rental potential.

In 2020, both the attic apartment and the ground floor extension were renovated (including bathrooms, floor coverings, interior doors, and painting); since then, modernization and repair work have been carried out as needed. The property is heated by an oil central heating system, it has a basement, and garages or parking spaces (approximately 25 m²) are available. A complete set of drawings (floor plans, elevations, sections) from 2020 is on file.

The current annual net cold rent is €21,180 (i.e., €1,765 monthly) – at a purchase price of €375,000, this corresponds to a gross initial yield of approximately 5.65% (or a factor of approximately 17.7) and an entry cost of only about €1,500 per m² of living space. The tenant base is long-established, reliable, and amiable. Of particular interest to capital investors: with an average of around €7.11 per m², the existing rents are below the Herford market level – meaning that—with regular tenant turnover—there is attractive potential for rental increases without significant investments.

The property is located on Werrestraße in an established residential area of the Hanseatic city of Herford with direct access to the city center. Shopping opportunities, schools, kindergartens, doctors, and eateries are all reachable within a few minutes. Public transport as well as regional connections via the B239 and the nearby highways A2 and A30 make the location attractive for commuters to Bielefeld and the entire Ostwestfalen-Lippe region; additionally, the Herford train station offers long-distance services. The demand for affordable housing in Herford is consistently high – according to available information, there has been no vacancy at this location.

All information is based on data provided by the owner and available documents and is provided without guarantee; errors and prior sales remain reserved. Yield figures and sample calculations are non-binding pre-tax estimates based on simplified assumptions and should not be regarded as investment, tax, or financing advice.

Further documents – including a detailed investment exposé, rental breakdown, floor plans, elevations, and sections – are available on request for serious inquiries. Viewings are conducted by appointment only; in order to protect the tenants’ interests, direct visits to the property are discouraged.