| Type | Block of flats |
|---|---|
| Living area approx. | 526 m² |
| Bedrooms | 16 |
| Rooms | 20 |
|---|---|
| Bathrooms | 7 |
| Plot area | 433 m² |
|---|---|
| Usable floor area | 611 m² |
| Purchase price | 777.000 € |
|---|---|
| Price per m² | 1,476.85 €/m² |
| Commission | 4,76% (4,76 % von dem beurkundeten notariellen Kaufvertrag.) |
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More financing calculators and assumptionsWelcome to your next investment project in Essen! This well-maintained apartment building, constructed in 1965, embodies exceptional potential and offers ideal conditions for investors or families looking for a home with additional rental income.
With approximately 526 m² of living space, this building extends over three floors and offers sufficient space for several residential units. There are also two commercial units on the ground floor: a hair salon and a tattoo studio.
The building has a full basement, thus providing additional storage and usable space.
The current annual net rent is €48.7 thousand p.a. with one vacant unit. The target rent of €54.7 thousand p.a. can therefore be applied immediately. The rents have potential. This means the property has a factor of 14.2 based on target annual net rental income.
Each apartment benefits from its own balcony access, contributing to a high quality of life, while the well-maintained condition of the house enables the new owners to get started smoothly.
Located in a pleasant yet central area of Essen, this apartment building offers not only the peace and quiet of a residential neighborhood but also proximity to everyday amenities and transport connections.
Do not miss the opportunity to invest in this promising property and unlock its full potential. Contact us for more information and to arrange a viewing.
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