House for sale • 463 m² without real estate, North Rhine-Westphalia

Central city location. The property was completely renovated (core modernization) according to the latest building regulations for structural integrity, sound insulation, thermal protection, and fire protection.

Completion date: September 2024.

Equipped with: bicycle storage, balconies, terrace, basement rooms, video intercom system, fitted kitchens, bathroom fixtures, vinyl flooring, apartments with infrared heating, and hot water preparation via a central condensing gas heating system.

Central location. 6 parking spaces.

Condition: like new. The property is fully furnished with new items (new kitchens, new beds, new washing machines, new vacuum cleaners, new microwave, cutlery, cabinets, etc.). All apartments are currently rented on a short-term basis. A complete vacancy can be arranged in a timely manner upon consultation.

Rental income per apartment is approximately €1,500 net cold per month plus 7% VAT, plus additional costs and cleaning fees. Total net cold rental income is approximately €9,000 per month and about €108,000 per year. A professional management company currently oversees the property, though the concept can also be taken over independently depending on the goals you have for the property.

The property also represents a realistic financing possibility at the bank for owner-occupiers. Young people and first-time buyers thus have an opportunity to enter the real estate market.

For property viewings, proof of creditworthiness or a preliminary bank commitment is required in advance.