Flat for sale 3+1 • 50 m² without real estateAlarichstraße 24 Wuppertal Barmen Nordrhein-Westfalen 42281

3-Room Apartment for Under €70,000!

This apartment offers an optimal layout across 50 m², without a narrow bathroom or kitchenette tucked into an alcove!

The apartment is located on the second floor of an apartment building in the popular Wuppertal-Barmen district. It comprises two bedrooms, a light-filled living room with two large windows, a separate kitchen, and a spacious bathroom with natural light, a bathtub, wall-mounted toilet, and washbasin. A basement storage unit is also included.

The laminate flooring in the living areas and the vinyl flooring in the kitchen and bathroom are new. The gas boiler was serviced by a specialist company last month. The rooms feature LED ceiling spotlights, and the electrical installations meet modern standards. Overall, the apartment is in a well-maintained and modern condition.

The current monthly net rent is €500 and is paid by the Jobcenter. The very tidy tenants are a young couple. The monthly service charge is €202, of which €76.42 cannot be passed on to the tenants (the maintenance reserve is already included).

The property’s profitability could be increased further by renting it to three people.

This offer is primarily aimed at experienced property investors seeking a highly profitable property in a good residential area. Damage to the communal property will result in special assessments in the future. The stairwell and façade are the main areas affected.

The property is located in Wuppertal’s Barmen district, between the neighbourhoods of Sedansberg and Klingelholl. Bus and rail connections, grocery stores, pharmacies, and other essential amenities are within easy reach. The entrance to the A46 motorway is only a few minutes away.

The immediate residential area is good, and the street has low to moderate traffic.

Laminate flooring in the living areas; vinyl flooring in the kitchen and bathroom; individual gas heating; LED ceiling spotlights; electrical panel with protective circuit breakers; bathtub; wall-mounted toilet; PVC-framed, double-glazed windows.