House for sale • 285 m² without real estateOberhausen Sterkrade Nordrhein-Westfalen 46145

Attractive multi-family house built in the Jugendstil era with four residential units and clear development potential. The property has been continuously maintained and modernized. The freestanding building features a total living area of approximately 285 m².

On the ground floor there is a 2-room apartment (approx. 54 m²) as well as a 1-room apartment (approx. 35 m²).

On the first floor, there is currently a spacious 5-room apartment with approximately 99 m². This unit had previously been subdivided into two separate apartments and can be split again without major structural interventions. This creates concrete potential for increased returns and value due to an additional residential unit and higher rental income.

The developed attic with an open fireplace, underfloor heating, and a spacious sun terrace offers approximately 97 m² of living space.

All four apartments, as well as one parking space, are currently fully rented. Additionally, a basement storage room is available for tenant use.

The property represents a solid and reliably predictable investment. Currently, a net annual rent of €32,016 is achieved. With the optional restoration of the original layout on the first floor, the rental yield can be increased further.

Conclusion: A well-maintained multi-family house with stable current income, a proven rental history, and concrete upside potential through densification – ideal for investors focusing on cash flow and value appreciation.

It is situated in a relatively good suburban area. In the immediate vicinity of the property is the Johanniter Hospital. Very close by is the Sterkrade Gate, a 50,000 m² shopping center with retail outlets, service providers, restaurants, and supermarkets.

The transport situation is very good. The public transport corridor provides excellent infrastructure. Two train stations in Oberhausen and Sterkrade connect cities such as Duisburg, Krefeld, Wesel, Emmerich, and Koblenz. The tram runs to Mülheim an der Ruhr. The motorways A1, A3, A31, and 516 are accessible within minutes.

The house is fully basement. On the garden side of the building, there is a side annex that is rented to a tenant. A shelter located behind the side annex serves as storage for items such as bicycles or strollers.

In 2022/2023, extensive renovation and refurbishment work was carried out. The residential building is now in very good condition.

Overview of the completed works:

• Waterproofing of the roof terrace (2024)

• Waterproofing and renewal of the ground floor balcony (2024)

• Exterior area design (2023)

• Facade painting (2023)

• Redesign of the staircase (2023)

• Connection to the district heating network including hot water (2023)

• Replacement of the heating pipes and radiators (2023)

• Core renovation of the right-hand ground floor apartment (2023)

• Installation of a Siedle intercom system (2023)

• Mailbox system installation (2023)

• Satellite antenna installation (2023)

• Roof drainage (2022)

• Bathroom in the courtyard on the first floor (2022)

• Replacement of the exterior doors (entrance and courtyard) (2022)

• Renovation of the first floor apartment (2018)

• Renovation of the basement (2017)