House for sale • 790 m² without real estateSandstraße 8, , North Rhine-Westphalia

Our multifamily property for sale includes 14 apartments, 6 garages, and 3 car parking spaces with approximately 790 square meters of net living space in central Ratingen.

This property has been in our possession for many years and was extensively modernized in 2009. The electrical system, all bathrooms, floors, etc., were renewed and converted into attractive living space.

It has been 100% rented since then, with no vacancies ever. The purchase price of 2,541 euros per square meter of living space is in line with the market, and rent increases to 11 euros per square meter (currently 9.90 euros per sqm net cold) are considered reasonable and therefore easily possible.

This would result in a net cold rent of 110,000 euros per year.

No further costly investments are necessary. Only the heating system (built in 2001, oil-fired) should be updated in the near future to the variant desired by the new owner. After several discussions with heating system specialists, we estimate approximately 50,000 euros for this work.

• 8 apartments with 3 rooms, approximately 60 sqm, including kitchen, hallway, bathroom, and balcony

• 4 apartments with 2 rooms, approximately 45 sqm, including kitchen, hallway, bathroom, and balcony

• 2 light-filled attic apartments with approximately 65 sqm, including kitchen, hallway, and bathroom

Details are available upon request.

Phone: 01782531370

Based on experience, the house is in an ideal location; with train, bus, city center, daily shops, etc., all within walking distance, it offers excellent connectivity.

Please contact us only if you have genuine interest and the necessary financial credibility, which we ask you to demonstrate in the form of a brief application.

You are welcome to view the exterior of the house beforehand without contacting the tenants.

If you like the property and wish to schedule an interior viewing, we request the appropriate proof of creditworthiness.

To cover the expense and to confirm your interest, we ask in advance for a donation (with proof of donation) of 200€ to SKFM Ratinger*innen in Not (IBAN DE36334500000042130526) or to an institution of your choice.

We appreciate your understanding.