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| Type | Block of flats |
|---|---|
| Living area approx. | 394 m² |
| Year built | 1906 |
| Rooms | 15 |
|---|
| Plot area | 523 m² |
|---|
| Purchase price | 489.900 € |
|---|---|
| Price per m² | 1,243.40 €/m² |
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More financing calculators and assumptionsFor sale is a residential and commercial building constructed in 1906 on a spacious 523-square-meter plot of land.
The building extends over four floors and offers a total residential area of 394 square meters as well as a commercial area of 157 square meters.
The property comprises a total of eight units, including seven residential units and one commercial unit. Two of the residential units are designed as spacious maisonette apartments, which are particularly popular with families and couples. The commercial unit also includes a large garden with an area of 182 square meters, offering a variety of possible uses.
The property is in good condition and has been regularly maintained.
The property offers considerable potential to significantly increase rental income and thus the return. Current annual rental income amounts to approximately 41,172 euros.
Take advantage of this outstanding investment opportunity and secure a property that offers you both solid returns and sustainable potential for appreciation.
CURRENT RENT: EUR 41,172
CURRENT RETURN: 8.40 %
CURRENT MULTIPLIER: 11.89
TARGET RENT: EUR 46,406
TARGET RETURN: 9.47 %
TARGET MULTIPLIER: 10.55
This property offers investors a prime location, distinguished by its excellent transport links and proximity to important infrastructure facilities. The A2 and A43 motorways provide quick access to both regional and supraregional destinations.
A variety of public transport options are located in the immediate vicinity of the property. The Jahnstraße bus stop is just 121 meters away and provides convenient access to public transport. The Von-Ketteler-Straße and Neue Philharmonie Westfalen stops are also quickly accessible. These connections are ideal for commuters and considerably enhance the appeal of the location.
For investors, the infrastructure in terms of educational and recreational facilities is particularly attractive. Various schools are located in the immediate vicinity, including Friederich-Ludwig-Jahn-Schule and Dietrich-Bonhoeffer-Realschule, both reachable within 200 meters. This indicates a well-developed educational offering in the surrounding area. Another advantage is the proximity to various sports facilities, such as the "all inclusive Fitness" gym, which is only 437 meters away and offers attractive sports and wellness services.
The location in the Dortmunder Straße 64 also benefits from excellent local amenities. Supermarkets such as Penny and Naturata can be reached within a few minutes on foot and offer a wide variety of shopping options. Thanks to the high availability of parking spaces and the proximity to multi-storey car parks, individual mobility is guaranteed at all times.
The neighborhood has a stable population structure with a balanced average age and a low vacancy rate, indicating continuous demand for residential and commercial properties.
In summary, this property offers an ideal location for investors who value excellent transport connections, good infrastructure, and a stable population structure.
Fully rented residential and commercial building
Key information:
* Year built: 1906
* Plot size: 523 m²
* Living space: 394 m²
* Commercial space: 155 m²
* Garden area: 182 m²
Layout:
Ground floor: Commercial unit with beer garden
1st upper floor: 3 residential units, 2 of which are maisonettes
2nd upper floor: 1 residential unit
Attic: 3 residential units
Modernization measures:
* 2024: New restaurant canopy
* 2024: Replacement of the front door and mailbox system
* 2024: New laminate flooring in the living room (1st upper floor, center)
* 2022: Replacement of the central gas heating system
* 2022: Renovation of the basement stairs
* 2021: Redesign of the garden
* 2020: Renovation of the commercial unit: New windows, painting, ceiling, floors (dining area)
* 2020: Replacement of the fence system
* 2019: New laminate flooring (1st upper floor, left)
* 2019: Renovation (attic, right): Tiles, laminate flooring, furnishings, and painting
* 2018: Renovation (attic, right): Laminate flooring and painting
* 2018: Kitchen (1st upper floor, right): New tiled backsplash, laminate flooring, and painting
Heating: Central gas heating (2022)
Hot water: Instantaneous water heater
"VDSL is available with download speeds of up to 175 Mbit/s and upload speeds of up to 40 Mbit/s.
Your verified address: 45665 Recklinghausen, Dortmunder Str. 64."
(Source: Telekom)
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The property description is based in whole or in part on information provided by the owner. We accept no liability for its accuracy or completeness.
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FALC Immobilien Essen
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