House for sale • 393 m² without real estateWestwall 65 Krefeld Stadtmitte Nordrhein-Westfalen 47798

You are seeking a secure capital investment without deferred maintenance and prefer long-term tenants? Then this house is the right fit for you – it has been in family ownership since it was built in 1963. The four rental units have had tenants for decades on average. The townhouse, located in an attractive inner-city area, has been gradually renovated – with insulated windows, a horizontal damp proof course in the basement, balcony renovations, and finally the conversion to a wood pellet central heating system in 2022 that replaced the gas-fired individual heaters. By switching to renewable energies, neither the tenants nor the landlord of this house will be burdened with CO2 charges in the future.

For the buyer, this investment property offers maximum transparency: all documents from the construction period as well as those related to the carried-out renovations are available. Detailed energy reports were prepared by an engineering firm in 2008 and 2021. The latter was drafted in the form of an "Individual Renovation Roadmap," which is also a prerequisite for increased funding for future measures.

On the ground floor of the building, there are two garages with two parking spaces each, which are currently rented out to a neighbor. On each of the four above-ground residential floors there is a three-room apartment with sizes ranging between 64 and 73 m². Two of the four residential floors feature a small balcony at the front and a large balcony at the back spanning almost the entire width of the house. In total, there is a living area of 279 m² and usable space of 114 m² (comprising the garages and the spaces in the basement used by tenants).

The attic is currently used by the tenants as a drying room. Each apartment comes with its own basement storage unit. The landscaped courtyard garden can be used by everyone, for instance for barbecuing or relaxing.

At the current annual net cold rent of €27,420, the yield based on the purchase price is 6%, which corresponds to a factor of 16.7 annual net cold rent.

The Westwall in the center of Krefeld is the venue for the popular weekly market every Tuesday and Friday morning – with this house right in the middle. At other times it is quieter, especially since the forecourt of the neighboring Kaiser-Wilhelm-Museum has now been redesigned as a car-free area with high quality of stay.

The tenants benefit from the central location in a large city with 230,000 inhabitants. The pedestrian zone is only a few steps away, as are cafes, restaurants, bakeries, butchers, and supermarkets. The bus (line 051) stops around the corner, the tram (line 041) is a bit further, and the main train station can also be reached easily on foot. Düsseldorf can be reached by tram or train without transfers.

Fiber-optic internet has been applied for. The exact routing in the basement and stairwell, as well as the connections of the apartments, have already been determined and documented.

The heating system was centralized in 2022 in the form of a wood pellet heating system with a particle separator that filters the fine dust from the exhaust air. In the process, the chimney was renovated and riser pipes for the heating circuit were installed for the first time. Twice a year, the pellets are blown directly into the storage sack from the street using a special vehicle. Hot water is generated in the apartments in a decentralized manner using instantaneous water heaters.

A few years earlier, the ground floor doors to the street and to the courtyard/garden were renewed. The period-authentic decorative window that stretches vertically along the stairwell was, however, retained in its original condition.

The sale is being made directly by the son of the original builder.