Flat for sale 6+1 • 141 m² without real estateSüderichstraße 12 Essen Nordviertel Nordrhein-Westfalen 45141

Attractive Condominium as an Investment – 6-room Shared Apartment near the University – No Broker’s Fee!

For sale is a freshly renovated 6-room apartment, ideal as an investment property. The apartment is located only about 1 kilometer from the University of Essen and is therefore perfect for students. Important: There is no broker’s fee!

Highlights of the apartment:

• Living area: approx. 140 m² spread over 2 floors

• Number of rooms: 6 furnished rooms, currently all rented

• Bathrooms: 3 modern bathrooms – 1 with a bathtub, 2 with a shower

• Kitchen: Large, well-equipped fitted kitchen with a seating area as well as a smaller kitchen on the upper level. The fitted kitchen is fully functional and includes all the important appliances.

• Flooring: Mainly parquet floors that give the apartment a warm and inviting atmosphere.

• Balcony: The balcony is available but needs to be refurbished.

• Year built: 1908 – however, the apartment as well as the bathrooms were comprehensively renovated in 2011. During this renovation, some of the windows and the electrical system were renewed, so the apartment is in a modern and well-maintained condition.

• Heating: Renewed in 2022, ensuring efficient heating.

• Location: Only 1 km from the University of Essen – an ideal location for students.

Financial Details:

• Current cold rental income: €1,944.00 per month

• Current warm rent: €2,640.00 per month

• Current service charge: €502.00 per month

• Yield and Rental Income: The apartment achieves an attractive yield of 7.3% at the stated purchase price. Due to the graduated rental agreement, the yield is expected to increase further in the coming years – an ideal investment for the future!

Attractive Rental Demand: The apartment is currently fully rented – all 6 rooms were leased after just one day of viewings! There were more interested parties than rooms, highlighting the high demand and potential for future tenants. Therefore, it is expected that finding new tenants, if necessary, will not be a problem.

Additional Details:

• The rooms are fully furnished and offer comfortable amenities for the tenants.

• The apartment is currently fully rented and provides a stable source of income.

• Excellent connection to public transportation and infrastructure.

Conclusion: This condominium is attractive not only because of its location and features, but also due to the high rental demand and the opportunity to benefit from a solid yield and increasing rental income. With its modern amenities, high-quality fitted kitchen, renewed electrical system, and renovated windows, this property offers a secure and profitable investment – and all of this without a broker’s fee!

For further information or to schedule a viewing appointment, please feel free to contact us.

The apartment is located at Süderichsstraße 12, in a quiet yet central location in Essen, only about 1 km from the university – ideal for students. The proximity to the university makes this property an attractive site for student shared apartments and ensures high rental demand.

In the immediate surroundings, you will find numerous everyday amenities, including grocery stores, fitness studios, and general practitioner offices, all easily reachable on foot or by bicycle. Essen’s city center is only a few minutes away and offers a variety of shopping and leisure options.

The connection to public transportation is excellent. With bus and tram lines nearby, you can quickly reach all key destinations in Essen and its surroundings. Whether it’s the journey to the university or for commuters, the connectivity couldn’t be better.

The apartment was renovated in 2011, and new bathrooms were installed. The heating system was renewed in 2022. This year, the entire apartment was renovated and the individual rooms were furnished. In addition, a fitted kitchen is available.