House for sale • 320 m² without real estateMühlenweg 12, , Rhineland-Palatinate

Modernized Apartment Building with 8 Residential Units in Oberwesel-Dellhofen

Ideal for Capital Investors, Vacation Rentals, or Mixed Concepts

For sale is a completely gutted and modernized apartment building with eight contemporary, self-contained living units located in Dellhofen, a district of Oberwesel, only about 4 km from the Rhine and the city center.

The property was comprehensively modernized and fitted with high-quality features in 2025 – from electrical systems and heating to bathrooms, windows, and flooring. It has approval for short-term rentals, which makes the building flexibly usable for temporary worker accommodations, vacation guests, or traditional long-term tenants.

Currently, approximately €6,000 per month is generated through short-term rentals for workers; three units are presently available for new long-term tenants. One apartment is permanently rented to a cleaning staff member who takes care of the property’s maintenance and upkeep. She pays a monthly rent of €1,000.

Income and Usage Possibilities

1. Short-Term Rental for Workers (currently in operation)

 Fully equipped for short-term rentals.

 Potential rental income: approximately €9,000 per month at full capacity (20 beds at approximately €15 per day).

2. Vacation Rental / Mixed Concept

 The proximity to Loreley and the UNESCO World Heritage Upper Middle Rhine Valley offers strong tourist potential.

 With high-quality furnishings, whirlpools, and balconies, a premium segment can be served.

 Daily rates of €100 – €150 per unit are standard on the market.

3. Classic Long-Term Rental

 Realistic long-term net cold rents of around €600 – €650 per apartment.

 Total income: around €5,000 per month at full occupancy.

 The existing tenant (cleaning staff) also secures a lasting operational advantage by ensuring on-site care and maintenance of the property.

Location

Dellhofen is a quiet district of Oberwesel on the Middle Rhine, a popular tourist region with excellent demand from vacationers, hikers, and professionals.

Good accessibility, sound infrastructure, and proximity to Loreley, the Rhine, and the Middle Rhine Valley make the location attractive for various target groups.

Features & Highlights

• 8 fully furnished living units, each with a separate entrance and electricity meter

• Approximately 20 beds in the current full furnishing setup

• 5 balconies/terraces with views of the greenery

• Large communal garden area

• 5 garages with direct access

• 5 jacuzzis already installed

• Preparation for up to 3 saunas

• Oil central heating, with hot water via a continuous flow heater

Each apartment was equipped with high-quality kitchens, modern bathrooms, premium plaster finishes, and uniform tiling. The furnishing was elaborately carried out—with an investment volume of about €15,000 per unit.

Renovation Measures (completed in 2025)

• New electrical systems and windows

• Completely new bathrooms and flooring

• Modern concrete staircase

• Attic insulation

• Re-designed layout

• High-quality interior finishing with premium plaster instead of wallpaper