Flat for sale 1 bedroom • 22 m² without real estate, North Rhine-Westphalia

This well-maintained 1-room apartment with approximately 21.93 m² of living space is located in the Riemekeviertel, an established and sought-after core district of Paderborn. The apartment is situated on the first floor of a multi-family building constructed in 1992 and is ideal as a long-term capital investment with stable rental income.

The unit has been continuously rented since 2019 and currently generates a monthly net rent of €420. Additionally, an underground parking space belongs to the unit, which can be rented out separately at a monthly rent of €60. This results in a stable and well-calculable income situation.

The monthly service charge amounts to approximately €77, predominantly composed of allocable operating costs. The non-allocable share is around €20 per month. Additionally, approximately €16.50 per month is allocated to the maintenance reserve through the service charge. The ongoing expense for the owner is thus manageable and well-plannable.

The floor plan is functional and efficient. The living and sleeping area is very usable, the fitted kitchen (which is the property of the landlord) and the vinyl flooring were both recently renewed. These measures ensure the current rental standard and reduce short-term maintenance needs. The bathroom is functionally equipped. A personal cellar room also belongs to the apartment.

The Riemekeviertel is regarded as one of Paderborn’s proven residential areas. Its proximity to the city center, short distances to shopping facilities, doctors, and public transport ensure a permanently stable demand, making the property a reliable addition to any residential real estate portfolio.

The apartment is located in the Paderborn district of Riemekeviertel, a central and long-popular residential area. The district is characterized predominantly by residential use, supplemented by retail and service offerings.

Everyday amenities are well provided for. Shopping options, doctors, pharmacies, as well as dining options, are within short walking distance. Paderborn’s city center is quickly accessible both by public transport and by car.

The connection to public transport is functional and reliable. Several bus routes in the immediate vicinity ensure good access to other parts of the city. The road network is also well developed.

The location especially appeals to singles, professionals, and students. These target groups ensure a consistently high demand, particularly for smaller, functionally designed apartments.

Overall, the Riemekeviertel offers a proven location with stable rental demand, providing a solid foundation for a long-term capital investment.

The apartment features a functional and well-maintained design intended for long-term renting. The living and sleeping area is functionally designed and efficiently usable. The surfaces are kept bright, creating a neutral, timeless appearance.

The flooring was recently renewed and is made of easy-care vinyl. The fitted kitchen, which is owned by the landlord, was also newly installed. It is compact, functional, and fully operational.

The bathroom features timeless tiling and is equipped with a shower, a washbasin, and a toilet. The fixtures are complete and neat.

Overall, the apartment is in a well-maintained condition without any short-term need for investment.

Purchase Price: €107,000 (commission-free)

Year Built: 1992

Living Area: Approximately 21.93 m²

Rooms: 1

Floor: 1st floor

Service Charge: €77

Non-allocable Costs: €20

Rented: Yes (since 2019)

Net Rent: €420 per month

Underground Parking Space: Available (can be rented separately, approximately €60 per month)

Cellar: Available