House for sale • 452 m² without real estateKrefeld Stadtmitte Nordrhein-Westfalen 47798

Below is the English translation of the text:

Are you looking for a well-maintained, solid multi-family house with central heating, stable rental income, and a very friendly tenant community for a capital investment instead of volatile stock market prices?

For the commission-free sale, a high-yield, fully rented 7-family house (current yield 6.3% p.a. ACTUAL) is available from the very beginning in a rental-safe residential area of Krefeld:

THE KEY DATA OF THE PROPERTY:

+ Well-maintained multi-family house (7 apartments, NO commercial use)

+ Approximately 452 m² of living space

+ Fully rented for more than 10 years

+ Easily rentable, in high demand 2-room and 3-room apartment sizes (see floor plans in the attachment)

+ Light-filled apartments with large window fronts & skylights

+ Timeless apartment layouts oriented to the east and west

+ Massive roof (see photo)

+ Year of construction approx. 1952 (reconstruction)

+ Current cold rent (ACTUAL) = EUR 43,800 per year (= EUR 3,650 per month)

+ Plus EUR 24,816 per year in operating cost flat rates and heating cost prepayments (ACTUAL)

+ 1 x gas central heating system (for heating plus hot water preparation), newly installed in 2015

+ Long-term friendly tenants and a very pleasant tenant community (longest tenancy = 26 years)

+ Punctual rent payments

+ No rents outstanding/reduced

+ No legal disputes (for more than 10 years)

The 7-family house is located in a central, yet well-maintained area in the heart of Krefeld. Right in front of the house is an old stand of trees on the median strip. Kindergartens, various schools (including primary school, comprehensive school, and high school), a playground, as well as the University of the Lower Rhine are in the immediate vicinity.

Whether it’s a doctor’s office, bakery, or daily shopping: All shopping opportunities (including Aldi, Lidl, Netto, Edeka, dm), daily needs stores, as well as public transportation, are conveniently reachable on foot. The central shopping streets Hochstraße / Königstraße as well as the Krefeld Stadtgarten are also easily accessible on foot in just a few minutes.

A permanently rental-safe residential location – also with strong future prospects:

+ Standard land value EUR 420 per m²

+ Walking distance to the center of Krefeld

+ Only about 15 km away from Düsseldorf (state capital) / Düsseldorf Airport

+ Massive stone staircase with stable steel handrail

+ 4-meter high stylish entrance area

+ 7 daylight bathrooms with windows

+ All bathrooms equipped with a bathtub (2 bathrooms also have a shower)

+ 7 tenant storage cellars for 7 apartments

+ Steel doors in the cellar

+ Tenant arrangements for garbage bins & snow removal (for more than 10 years)

+ Bicycle & bin shed in the courtyard

+ Separate workshop cellar for the owner

Due to the long-term tenancies and favorable conditions, the property has further potential for rent increases (6.3% current yield p.a., approx. 7.5% target yield p.a.).

The upkeep of the small garden and the control of the heating pressure have been reliably managed for many years by one tenant.

Advantage: The property requires only minimal management and administration efforts and is therefore also suitable for investors who are looking for their first real estate capital investment or who live farther away from the property.

INVESTMENTS SINCE 2015:

2015

+ New VIESSMANN gas central heating system including hot water preparation

+ New mailboxes

+ New RITTO intercom systems in all apartments

+ New laminate flooring (3 rooms), Apartment on the 3rd floor

+ New apartment door, suspension of a ceiling by a drywall company, Ground floor front apartment

2017

+ New bathtub, Apartment on the 2nd floor at the back

+ New floor and wall tiles in the bathroom, Apartment on the 2nd floor at the back

+ New laminate flooring (3 rooms), new sockets/switches, Apartment on the 2nd floor at the back

+ New floor tiles in the kitchen, Apartment on the 2nd floor at the back

+ New floor tiles in the bathroom, Apartment on the 2nd floor at the front

2019

+ New RITTO stainless steel door station for the multi-family house

2021

+ New König stainless steel display case for tenant notices

2022

+ New apartment repainting, Ground floor front apartment

+ New carpet flooring (1 room), Apartment on the 1st floor at the front

+ New laminate flooring (2 rooms), Apartment on the 1st floor at the front

2023

+ New apartment repainting, Apartment on the 1st floor at the front

2024

+ New laminate flooring (3 rooms), new sockets/switches, renewal of some interior doors, Apartment on the 2nd floor at the front

SUMMARY:

The property is being sold exclusively for tax reasons.

A written financing confirmation from your bank is required for the purchase of the property.

Please feel free to contact me at any time if you have any questions. I look forward to hearing from you.