Flat for sale 1 bedroom • 37 m² without real estateWuppertal Elberfeld Nordrhein-Westfalen 42107

Offered is a one-room apartment of approximately 37 sqm located on the 2nd floor of an old building from 1899. The apartment consists of one room, a kitchen, a bathroom, and a corridor. Additionally, the storage room in the stairwell as well as a basement are included.

The apartment was renovated and rented out about two years ago. The base rent is 300 euros per month, which corresponds to a yield of 6.5%. Further rent increases have already been agreed upon.

The homeowners’ association fee is currently 210 euros per month, of which about 80 euros are non-allocable and about 130 euros are allocable to the tenant.

The pictures show the apartment before renovation and renting.

The apartment is centrally located, approximately 700 meters from the center of Wuppertal (with City-Arkaden, a cinema, town hall, museum, Galeria Kaufhof, St. Josef Hospital, among others) and about 1 km from the main train station. Next to the building are several restaurants, cafés, supermarkets, schools, and a sports hall.

The apartment is situated in the front building. The rear part of the building is unoccupied and is to be demolished. The demolition costs will be divided in proportion to the condominium shares and paid for by a special levy. The share for this apartment could amount to approximately 6,000 - 8,000 euros.