About this house
High-yielding multi-family building in Bergisch Gladbach-Hand – 20 residential units, comprehensively renovated, no need for refurbishment!
For sale is an exceptionally well-maintained and sustainably modernized multi-family building in a sought-after residential location in Bergisch Gladbach-Hand. The property has four separate entrances and a total of 20 residential units on a plot of approx. 1,941 m².
The building, originally constructed in 1957, was comprehensively renovated between 2002 and 2005 and brought up to modern technical and energy standards. The façade received 14 cm of external insulation, significantly improving the property's energy efficiency. At the same time, the roof was raised by approx. 90 cm and converted, creating four additional, spacious attic apartments with a comfortable ceiling height of approx. 2.40 m.
To enhance the quality of living, spacious balcony structures were added to the south side of the building. In addition, the ground-floor apartments have their own garden areas, which can be used exclusively by the tenants and further increase the apartments' appeal.
Particular attention was paid to economical and sustainable building services. Each of the four entrances has its own modern Vaillant condensing heating system. The heating systems are already in their second generation and were renewed approximately 5 to 9 years ago. Each residential unit also has a separate hot-water supply, making a central hot-water circulation system unnecessary. This reduces both energy losses and ongoing operating costs.
All apartments have high-quality daylight bathrooms with windows, bathtubs and showers. The property's continuous maintenance is also evident in the current renewal of the complete locking system. This ensures that the property presents itself in technically and visually excellent condition, both for the tenants and for the future owner.
The planning, modernization and structural implementation of all measures were carried out under the personal supervision of the owner, an experienced engineer and owner of a licensed plumbing and heating specialist company. The professional execution and high quality of the work carried out are still reflected today in the property's excellent overall condition. There is no backlog of renovation work.
For the To simplify administration, the property is equipped with modern wireless metering technology for heating cost and consumption recording, enabling complete readout of consumption data directly from the property and thereby significantly reducing the administrative effort.
The property features a market-appropriate and highly lettable mix of apartments:
2-room apartments with approx. 45 m² of living space and a garden share
2-room apartments with approx. 47.94 m² of living space and a balcony
4-room apartments with approx. 89.50 m² of living space and two balconies
In addition, 20 parking spaces are available to tenants.
Solid income situation: The current net annual cold rent amounts to €133,488 (including €5,700 for the parking spaces).
With a purchase price of €2,650,000, this results in a gross initial yield of around 5.04%, which represents a compelling investment argument, particularly in view of the very good technical condition, the comprehensive renovation and the absence of any investment backlog.
This property offers investors the rare opportunity to acquire a technically outstanding multi-family building with long-term stable rental income, low maintenance risk and an attractive yield in a sought-after residential location in the Rheinisch-Bergisch district. The combination of extensive modernization, sustainable building technology, good lettability and solid returns makes this property a future-proof investment.
