| Type | Block of flats |
|---|---|
| Living area approx. | 323 m² |
| Year built | 1956 |
| Available from | sofort |
|---|---|
| Heating | Central heating |
| Fuel type | Wood pellets |
| Plot area | 209 m² |
|---|---|
| Condition | First occupancy after refurbishment |
| Rental income | 51.360 € |
| Purchase price | 1.100.000 € |
|---|---|
| Price per m² | 3,405.57 €/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 assumptionsPredictable returns instead of renovation risk
For sale is a completely renovated and fully rented six-unit apartment building in Siegen.
The buyer takes over a completed residential investment with ongoing income from day one—without initial renovation, initial letting, or development risk.
The particular advantage: For the first three years, the returns are additionally secured by a contractually regulated seller subsidy:
Year 1: 5.5%
Year 2: 5.25%
Year 3: 5.0%
The property currently generates annual net cold rent of €51,360. The seller subsidy is fixed in amount and transparently stipulated in the purchase agreement. Subsequent vacancies, rent reductions, or payment defaults do not increase the agreed subsidy.
This gives the buyer a high degree of certainty for calculation and planning, particularly during the initial phase.
The key figures at a glance:
Purchase price: €1,100,000
Six rented residential units
Living area: approx. 322.41 m²
Monthly net cold rent: €4,280
Annual net cold rent: €51,360
Current gross rental yield: approx. 4.67%
Return secured at up to 5.5%
No buyer’s commission
Many apartment buildings initially require renovations, reletting, or further investment after purchase.
Here, the property is already completed, rented, and economically usable. The buyer receives immediate rental income as well as three years of return protection.
After this period expires, the existing tenancies may be reviewed for adjustment potential within the scope of statutory, contractual, and customary market possibilities. No specific future rent level is assumed or guaranteed.
The building has been comprehensively renovated. Among other things, the building services, windows, bathrooms, and heating system were renewed.
Features include triple-glazed windows, electric shutters, modern bathrooms, and a contemporary and ecologically sound pellet heating system.
In addition to long-term holding, the structure with six separate residential units generally also offers the prospect of a later individual sale.
We will be happy to provide serious prospective buyers with further documents, tenancy agreements, floor plans, and information on the return protection.
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The property is centrally located in Siegen on Wiesenstraße and impresses with excellent infrastructure and short distances in everyday life.
Siegen city center and the City-Galerie can be reached within a few minutes and offer numerous shopping opportunities, restaurants, and services. Everyday amenities, doctors, pharmacies, and public transport are in the immediate vicinity.
A particular highlight is the largely level location without any significant inclines. This makes the location suitable for a broad target tenant group—from singles and couples to families and older people.
The combination of a central location, good accessibility, and well-established infrastructure supports consistently high residential appeal and sustainably stable lettability.
