Flat for sale 3+kk • 99 m² without real estateEssen Kray Nordrhein-Westfalen 45307

The 3.5-room apartment on offer is located in a well-maintained apartment building dating from 1911 in the popular Kray district of Essen and represents an attractive investment opportunity, particularly for buy-to-let investors. The building’s façade is listed as a historic monument, preserving its historic character while also offering potential tax benefits through enhanced depreciation allowances.

The apartment has been reliably rented for the past three years. The current tenants would like to continue the tenancy, providing the purchaser with immediate, predictable rental income without the risk of vacancy. The current monthly net rent, excluding utilities, is €860, while the total monthly rent, including utilities, is €1,020. This results in an annual net rent of €10,320 and an attractive current gross rental yield of 6.88%.

The apartment features a sought-after and highly lettable 3.5-room layout, as well as a balcony offering additional comfort. A particular highlight is the spacious and comfortable bathroom, which includes both a shower and a bathtub. Connections for a washing machine and dryer are also provided.

A private basement storage unit offers additional practical storage space.

The apartment is heated via district heating, while hot water is supplied by gas. The distinctive listed façade gives the building a special period charm and underscores the property’s lasting value.

The apartment is located in Essen’s Kray district—an established residential area in the eastern part of Essen with good infrastructure and stable rental demand. The surrounding area is characterised by well-maintained apartment buildings, easy access to everyday amenities, and excellent public and private transport links.

Shops, supermarkets, bakeries, pharmacies, doctors, and other everyday amenities are located nearby, with some within walking distance. Schools, kindergartens, and leisure facilities are also available in the district, making the location attractive to singles, couples, and small families alike.

Transport connections are excellent: the nearby A40 and A52 motorways provide quick access to surrounding cities in the Ruhr region. There are also good public transport connections, with bus and rail services to Essen city centre and neighbouring districts.

The Kray district is particularly notable for its solid residential structure and consistent demand for affordable housing. The location therefore provides excellent conditions for stable long-term letting, making the property especially attractive to investors.

All information in this property brochure is based on details provided by the owner. No liability is accepted for the accuracy, completeness, or currency of the information. Errors and prior sale excepted.