House for sale • 255 m² without real estateIm Gründchen 10, , North Rhine-Westphalia

Renovated multi-family house with plenty of space and good returns!

This four-family house is located in a purely residential area near the center of Kirchhundem – Würdinghausen.

The house, built in 1960, was constructed using solid construction methods/ reinforced concrete and wooden beam ceilings, with the roof and dormers finished with clay tiles.

Extensions and significant renovations in terms of layout and various trades were carried out in 1976 and 2011.

In 2024/2025, as part of a renovation appraisal and in accordance with the latest technical standards,

– new energy-efficient windows were installed,

– the roof was newly covered in a thermally insulated manner,

– the entire facade was thermally insulated and re-plastered.

In total, more than €200,000 has been invested in the house.

The floors are mainly finished with laminate and vinyl coverings. Bathrooms and showers are tiled. Electrical installations were made to DIN standards with separate circuits and electricity meters for each residential unit.

The hot water supply is provided via an electric instantaneous water heater.

In 2018/2019, the gas heating system was renewed. Consumption is measured via installed heat quantity meters for each residential unit.

The leasehold property has an area of 758 sqm. The lease contract currently runs until 2049. The leasehold rent is currently about €670.00 per annum.

The ground floor is currently rented and achieves a cold rent of over €7,500.00 per annum. In addition, a small portion of the rear garden is rented as parking spaces for about €1,500.00 per annum.

After the installation of the new windows, the newly thermally insulated roof, and the thermal insulation of the exterior walls, full occupancy can be expected to generate a cold rent of over €24,000.00 per annum.

With a total living area of 255 sqm spread over 4 floors, the house offers 3 spacious apartments and one small, fully furnished attic apartment.

Ground Floor

The ground floor is approximately 88 sqm in size and has its own separate entrance.

In addition to the large kitchen and bathroom, this residential unit features a spacious living room with access to the garden, as well as 3 bedrooms.

Currently, the garage adjacent to the ground floor apartment is also used by the tenant of the ground floor.

Access to the currently vacant apartments on the 1st and 2nd floors as well as in the attic is via a separate front door on the side of the house.

These residential units are accessible via individual entrances through a spacious staircase.

1st Floor

The apartment on the first floor is approximately 70 sqm and also has a covered terrace of about 17 sqm and an additional storage room of 8 sqm.

In addition to a spacious kitchen and a bathroom with a window, this residential unit features a large, bright living room as well as 2 additional bedrooms.

2nd Floor

The apartment on the second floor is approximately 66 sqm.

In addition to a spacious living/dining kitchen, this residential unit has 2 bathrooms, each with a window, as well as a bright living room and one bedroom.

Attic

The attic, which is approximately 21 sqm, is fully developed and features a separate bathroom with a window, a fully equipped kitchen, and a furnished living/sleeping room.

The energy certificate is currently being prepared by the renovation consultant and will be available shortly.

The purchase price is €450,000.00,

which corresponds to a price of about €1,770.00 per sqm

and a rental yield of >5%.