House for sale • 308 m² without real estateVirgiliastraße 12 Essen Rüttenscheid Nordrhein-Westfalen 45131

Below is the English translation of the text:

This well-maintained 5-family house impresses with its attractive mix of apartments and thus provides ideal conditions for investors. The building comprises a 102 m² apartment (formerly a 3-room and a 1-room apartment, which can be separated again if needed), two 3-room apartments of approximately 68 m² each, as well as two 1-room apartments – all with balconies.

The property also includes two individual garages in the basement. In addition to the tenants’ storage rooms, there is a bicycle storage room and a communal laundry room, which is currently unused. The attic can be developed to provide approximately 70 m² of living space in the main attic area and 20 m² in the loft area.

The building is in an overall very well-maintained condition so that no renovations are required in the short term. Moreover, there is attractive potential for rent increases.

The apartment on the 1st floor on the left is currently vacant and can be immediately newly rented. With full occupancy – including an allowance for the vacant apartment as well as the developable attic space – an annual rental income of around €49,080 plus advance payments for incidental costs is achieved.

The 5-family house is located on a quiet side street in Rüttenscheid. Its tenants appreciate the well-kept residential surroundings and the short distance to the popular Rü. The ideal infrastructure with attractive leisure and recreational opportunities makes this location one of the most popular in Essen and attractive for all generations. On Rüttenscheider Straße there are numerous shops, daily convenience stores, as well as pubs, cafés, and restaurants for social outings. The Grugapark, with its expansive green spaces, offers attractive opportunities for relaxing walks. It is a residential area where your tenants can consciously do without a car, as the connection to public transportation via bus, tram, and subway is excellent.

KEY DATA

- No commission fee

- 5 residential units (approximately 308 m²)

- 1st floor on the right is vacant and ready to move in

- Reinforced concrete ceilings

- Double-glazed plastic windows

- District heating up to the apartment on the 2nd floor right; at the tenant’s request, night storage heaters were retained there

- All bathrooms date from the 1990s

- Attic can be developed to approximately 70 m² of living space in the attic area and 20 m² in the loft area

- Two garages

- Hot water preparation via instantaneous water heater

- Fresh water pipes made of copper

- Electrical system partially renewed, partially with RCD (residual current device)

- Appraisal available, with which the building has a depreciation eligibility of 11.11%

- Every unit has a balcony

BROKERAGE FEE

A brokerage contract with Wohnideal GmbH is concluded either through a written agreement or by using our broker services on the basis of this exposé. Should the purchase opportunity for the property described in the exposé already be known to you, you must inform us immediately. The buyer will not be charged any brokerage fee.

LEGAL NOTICE

All information is provided without guarantee and is based solely on data supplied to us by our client. We assume no responsibility for the completeness, accuracy, or timeliness of this information. Subject to errors and prior sale. The real estate transfer tax, notary, and land registry fees are to be borne by the buyer. Upon request, we are happy to provide you with further information about the property and the owner. Viewings can be arranged at any time by appointment with one of our staff/agents. At this point, we would like to expressly refer once again to our General Terms and Conditions.

Wohnideal GmbH

Jakob-Funke-Platz 2

45127 Essen

E-mail: jannik.schmidt@wohnideal.de

Web: www.wohnideal.de

Managing Director: Jannik Schmidt

HRB 36076 – District Court Essen