| Type | Block of flats |
|---|---|
| Living area approx. | 847 m² |
| Bedrooms | 19 |
| Rooms | 48 |
|---|---|
| Bathrooms | 13 |
| Plot area | 390 m² |
|---|
| Purchase price | 849.000 € |
|---|---|
| Price per m² | 1,002.36 €/m² |
| Commission | no commission for buyers |
Calculate using this listing's purchase price. Every assumption is editable and all figures are non-binding estimates.
The initial payment is estimated as loan amount × (interest + repayment) ÷ 12. Individual lending terms, special repayments and further fees are not included. Tax, notary and agent costs may differ in your case. This is not a financing offer or financial advice.
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More financing calculators and assumptionsFor sale is an attractive, fully let residential and commercial building in a central location in Gelsenkirchen. The property consists of two interconnected buildings and comprises a total of 13 rental units:
10 apartments
1 office
1 storage unit
1 commercial unit, rented as a tea lounge
The total residential and commercial floor area is approx. 847 m². The plot comprises approx. 390 m².
With its solid rental situation, attractive location and existing potential for rent increases, the property offers an interesting investment opportunity for investors.
Key investment data
Purchase price: €849,000
Buyer’s commission: commission-free
Monthly net cold rent: €5,159.67
Annual net cold rent: €61,916.04
Gross initial yield: approx. 7.29%
Purchase price factor: approx. 13.71
Total area: approx. 847 m²
Plot area: approx. 390 m²
Units: 10 apartments and 3 commercial units
Heating: gas heating
Occupancy status: fully let
Attractive development potential
According to the owner, the rents have not been adjusted for approximately five years and are in some cases below the local market level. This provides interesting development potential for a future owner.
With a purely mathematical rent increase of 20%, the annual net cold rent would increase from currently €61,916.04 to approx. €74,299.25. The monthly net cold rent would therefore rise mathematically to around €6,191.60.
Based on the purchase price of €849,000, this would result in the following key figures:
Potential annual net cold rent: approx. €74,299.25
Potential gross initial yield: approx. 8.75%
Potential purchase price factor: approx. 11.43
Possible rent increases must be assessed separately for each unit and can only be implemented in compliance with the respective statutory and contractual requirements. The rent increase presented therefore represents merely a mathematically calculated potential assessment and not guaranteed future rental income.
The division into a total of 13 units ensures broad risk diversification and reduces economic dependence on individual rental agreements. At the same time, the central location in the Ruhr region offers good conditions for stable long-term letting.
The combination of an already attractive gross initial yield of approx. 7.29% in its current state, full occupancy and additional rent development potential is particularly interesting for investors.
The sale is commission-free for the Buyers.
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