Flat for sale 3+1 • 73 m² without real estateEckenerstraße 2, , North Rhine-Westphalia

For sale is a well-maintained 3-room apartment on the ground floor with approximately 73 m² of living space in a very well-kept multi-family house (seven units) built in 1968, located on the quiet Eckenerstraße in 59229 Ahlen.

The apartment was completely renovated in 2012 and is part of a friendly and harmonious homeowners’ association, and it is in excellent overall condition.

Apartment highlights:

- Bright, welcoming rooms with a pleasant living atmosphere

- Sunny balcony for relaxed hours outdoors

- Garage and cellar included

- Access to the well-kept communal garden

- No outstanding renovation work

- The electrical sub-distribution was renewed in 2012

- All windows were replaced in 2012

- The bathroom was completely renewed in 2012

The offered condominium is characterized by a solid rental situation and attractive future development potential. The apartment has been occupied by an elderly lady since 2012. The current net cold rent (including the garage) is €575, providing investors with an excellent basis to increase yield over the long term. With the current tenant, there is virtually no additional effort, so your rental management is essentially limited to administrating the rent. With future potential for rent increases, there is a distinct advantage for capital investors, both in terms of ongoing yield development and the potential for a higher resale value of the apartment.

Additional advantages:

- Solid reserves of the homeowners’ association (a high five-figure amount)

- Energy efficiency class C

- The condominium is managed by a professional property management company

The monthly service charge is €205, of which only approximately €75 is non-recoverable.

The apartment is located on Eckenerstraße in 59229 Ahlen in a quiet, established residential area. Shopping facilities, schools, kindergartens, and amenities for daily needs are reachable within a short time.

A good connection to public transportation as well as the regional road network allows for quick access to the city center, the train station, and the surrounding towns. Green spaces in the area provide additional recreational opportunities and emphasize the pleasant residential location.

The apartment is tiled and features a solid, standard equipment. Renovation took place in 2012, during which new windows and a new bathroom were installed. The existing fitted kitchen belongs to the current tenant.