House for sale • 256 m² without real estateEssen Altenessen-Süd Nordrhein-Westfalen 45326

For sale is a well-maintained multi-family house with five residential units located in the central area of Essen‑Altenessen. The building was originally constructed in 1903 and rebuilt after 1950. It is fully basement-equipped and has been continuously modernized. The property is located only about 1,000 m from the center of Altenessen, offering excellent rental potential.

The total living area is approximately 256 m² on a 162 m² plot. All apartments are rented, and there are no arrears in rent payments. The property is ideally suited as a long-term investment.

Conclusion:

A solid, high-yielding multi-family house in a good location with modernized building services, excellent upkeep, and reliable rental income. Ideal for investors seeking a stable, long-term investment.

The house is located in Essen‑Altenessen on Stauderstr. Amenities such as shops, public transportation, doctors, schools, and all facilities for daily needs are within walking distance. Its proximity to the center of Altenessen (approx. 1,000 m) ensures a consistently high demand for housing. A bus stop is located about 20 m from the building.

Equipment & Modernizations

• Gas condensing boiler from Vaillant (built in 2007)

• New heat exchanger in 2025

• All sub-distribution boards have been renewed in the past 5 years

• Plastic windows with double glazing

• Gradual modernization of the apartments

• 3 out of 5 bathrooms completely renewed (modern shower rooms)

• Overall well-maintained condition

• Fully basement-equipped

For further information, please feel free to ask.

Financial Figures

• Annual net cold rent: approx. €25,300

• Gross rental yield: approx. 6.25%

• Net rental yield: approx. 5.0% (assuming a 20% cost component)

• Factor: approx. 16.0

• Purchase price: €405,000

The property offers a stable tenant structure and an attractive relationship between purchase price and yield.