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

Refurbished 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.

Built in 1960, the house was constructed using solid construction methods – reinforced concrete and wooden beam ceilings, with a tiled roof and dormers.

In 1976 and 2011, extensions and significant renovations were carried out in terms of the layout and various trades.

In 2024/2025, as part of a refurbishment report conducted to the latest technical standards, the following work was completed:

- New thermal insulation windows installed

- The roof was re-covered with thermal insulation

- The entire façade was thermally insulated and re-plastered

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

The floors mainly feature laminate and vinyl coverings. Bathrooms and showers are tiled.

Electrical installations conform to DIN standards with various circuits and individual electricity meters for each unit.

The hot water supply is provided by new electric instantaneous water heaters.

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

The leasehold plot has an area of 758 m². The lease agreement currently runs until 2049, with the ground lease rent at about €670.00 per annum.

The ground floor is currently rented and generates a cold rent of over €8,000.00 per year. Additionally, a small portion of the garden area is rented out as parking spaces for approximately €1,500.00 per annum.

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

With a total living area of 255 m² spread over four floors, the house offers three spacious apartments and one small, fully furnished attic apartment.

Ground Floor:

The ground floor is approximately 88 m² and has a separate entrance.

In addition to the spacious kitchen and bathroom, this unit features a large living room with access to the garden as well as three 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 through a separate front door on the side of the house.

Via a generous staircase, each of these units can be reached through an individual entrance.

1st Floor:

The apartment on the first floor is approximately 70 m² and also features a covered terrace of about 17 m² and an additional storage room of 8 m².

In addition to a spacious kitchen and a bathroom with a window, this unit offers a large, bright living room and two additional bedrooms.

2nd Floor:

The apartment on the second floor is approximately 66 m².

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

Attic (DG):

The attic is approximately 21 m², fully developed, and features a separate bathroom with a window, a fully equipped kitchen, as well as a furnished living/bedroom.

The energy certificate shows an energetically well-modernized house and is included as an appendix.

The purchase price is €435,000.00,

which corresponds to a price per square meter of approximately €1,700.00 and a rental yield of over 5%.