House for sale • 485 m² without real estateDüsseldorf - Bezirk 1 Stadtmitte Nordrhein-Westfalen 40211

For sale is a well-maintained 10-unit residential building (MFH) in a good inner-city location on Karl Anton Street in 40211 (Pempelfort). The property offers several advantages for the investor with low administrative effort—since all but one unit have the same size of around 50 m² and each is rented to only one person, which greatly simplifies the service charge (NK) accounting! In the future, the property even offers the possibility of converting to a flat-rate rent! Currently, the property averages about €12 per m², which is around €3 below the comparable rents on average and approximately €4-5 less than what is actually charged in the immediate vicinity. This means a significant increase in yield is possible even in the short term (within the next 5 years). The rental market is more than promising; typically, an apartment is re-let within 14 days. The staircase could use a fresh coat of paint, and one of the ground floor apartments is completely new at a cost of around €30,000. Otherwise, no further investments are necessary. You will also save on the broker’s fee, which would cost around €55,000. All further details can be discussed during a personal meeting. For first contact, please email Mr. Frank Merscheim at f.merscheim@gmx.de.

The property is situated in a direct inner-city location, within walking distance to Schadowstraße and the central train station, on Karl Anton Street, which is a one-way street and a 30 km/h zone. All daily necessities can be reached on foot, and the public transport connections are excellent.

Here you acquire a secure and potentially value-enhancing investment property at an attractive price in a good metropolitan location. You also save on additional purchase-related costs. There are a few interesting points that will be discussed once genuine purchase interest is established. An in-depth inspection, including some of the apartments, can understandably only take place after a definite expression of interest. However, a basic tour of the building—including the basement, attic, and my apartment—is available at any time as a first viewing.

Please note: The total area of approximately 650 m² refers to the entire living/usable space and not the rentable area, which is about 485 m² plus potential development reserves.

Genuine prospective buyers will be treated professionally and a fair decision for both sides will be reached.

Dear Interested Party,

Düsseldorf is still positioned relatively low on the overall real estate price barometer, but this is expected to change in the near future. We will soon see price levels similar to those during and even beyond the Corona period, when a property like this could effortlessly fetch around €2.2 million. However, hindsight is 20/20—I am a realist and live in the here and now, so I have decided to sell at a lower price! Whoever is willing to pay a realistic price can indeed acquire a decent yield property with potential for value enhancement, which also has several advantages over other properties:

1. No broker’s fees

2. District heating is already in place, so no forced conversion is required and tenants enjoy reasonable heating costs.

3. Our prices average around €11-13 per m², while in the surrounding area they are already €14 and up.

4. Practical and always in-demand apartment sizes of around 50 m².

5. No commercial use.

6. A direct, quiet, and good inner-city location in a 30 km/h zone on a one-way street.

7. Rental parking spaces right at the door for only €100,

…and much more!

I am happy to answer all your questions regarding this property. You can also schedule a first viewing appointment by email (for initial contact) at f.merscheim@gmx.de; thereafter, we will promptly connect by phone.

I look forward to your inquiry and remain,

Best regards,

Frank Merscheim