Flat for sale 2 bedroom • 41 m² without real estateEssen Altendorf Nordrhein-Westfalen 45236

For sale is a newly modernized 2-room condominium. The apartment is located on the second floor of a well-maintained multi-family house and offers a compact, easily rentable layout with a separate bedroom, a combined kitchen and living area, and a modern bathroom.

The major advantage: the extensive work has already been completed. The apartment has been comprehensively modernized and now presents itself in a modern, high-quality condition. Instead of having to organize craftsmen after the purchase, plan renovations, and invest additional capital, the new owner can immediately focus on renting it out.

This is particularly interesting for investors: a manageable apartment size, well-calculable costs, and a unit that is ready to rent immediately. This makes the property suitable for buyers who want to start their first investment effortlessly and generate rental income as soon as possible, as well as for experienced investors looking to expand their existing property portfolio with an attractive, ready-to-rent unit.

Invest, rent, and gradually build wealth with real estate – without having to buy a construction site first.

Figures for investors:

Purchase price: €100,000

Potential cold rent: approximately €500–550 per month

Service charge: approximately €176 per month, of which about €26 goes to the maintenance reserve.

With appropriate renting, a gross rental yield of at least 5% per annum is modeled to be achievable (KdU in Essen for 2 people for over €600 per month).

The compact apartment size and layout are particularly suitable for singles, commuters, or students. Essen’s city center, university, and main train station are easily accessible. Free public parking is available directly in front of the building.

Energy Details:

Building construction year: 1954

Energy certificate: Energy demand certificate

Energy efficiency class: D

Final energy demand: 109.8 kWh/(m²·a)

Energy source: electricity / electric direct heating

Energy certificate valid until: 19.10.2031

The apartment has been comprehensively modernized and is immediately rentable without any need for further renovations – ideal for investors searching for a high-quality renovated property.

The apartment is located in Essen-Altendorf on a side street/residential street with a speed limit of 30 km/h, thereby combining a pleasant living environment with the advantages of a central, well-connected location.

Everyday shops, supermarkets, pharmacies, schools, and public transport are reachable within a few minutes. At the same time, the apartment is situated away from major traffic routes, so you benefit from a more residential environment without having to sacrifice good infrastructure.

The location is also interesting for professionals: the Ruhr Tech Campus Essen with the ThyssenKrupp headquarters is located in the nearby Krupp-Gürtel. Thanks to its proximity to major employers and its good connections toward Essen’s city center and main train station, the location is particularly suitable for professionals, commuters, and singles.

Another plus is the Niederfeldsee with its lakeside promenade and adjoining green areas. It offers opportunities for walking, cycling, and relaxation and has significantly enhanced the residential and leisure offerings of the district in recent years. The nearby Krupp-Park also complements the leisure and green space offerings.

Thus, the location offers an attractive combination of urban infrastructure, short distances, proximity to important employers, and recreational opportunities in nature – excellent prerequisites for a long-term, attractive rental.

- Ideal Size: 2 rooms with a combined kitchen and living area and a separate bedroom

- New bathroom with daylight, shower, wall-hung WC, and towel radiator

- New electrical installation with a modern fuse box

- New pipes in the bathroom and kitchen

- New interior doors and frames

- New apartment entrance door

- Renovated windows facing the street

- Modern designer flooring

- Smart radiators

- Private basement storage room