| Type | Block of flats |
|---|---|
| Living area approx. | 200 m² |
| Bedrooms | 4 |
| Available from | Nach Vereinbarung |
|---|---|
| Rooms | 6 |
| Bathrooms | 4 |
| Heating | Central heating |
| Fuel type | Gas |
| Plot area | 407 m² |
|---|---|
| Condition | Needs renovation |
| Floors in the building | 3 |
| Purchase price | 299.000 € |
|---|---|
| Price per m² | 1,495.00 €/m² |
| Commission | no commission for buyers |
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More financing calculators and assumptionsA fully let apartment building in Mönchengladbach-Odenkirchen (41199) is offered for sale.
The building, constructed around 1906, has approx. 200 m² of living space on a plot of approx. 407 m² and offers an attractive opportunity for investors.
There are currently four separate tenancy agreements with total monthly net rent of €1,985, or annual net rent of €23,820.
At the asking purchase price of €299,000 negotiable, the current rental income represents a gross rental yield of approx. 7.97% and a purchase price multiplier of approx. 12.6.
The apartment building has three residential units. The ground floor is currently divided into two separate living areas, each rented separately, meaning there are currently four separate tenancy agreements in total.
Layout:
Ground floor – Living area 1 | approx. 45 m²
1 room, kitchen, bathroom – rented separately
Ground floor – Living area 2 / maisonette | approx. 55 m²
2 rooms, kitchen, bathroom – rented separately
1st floor | approx. 50 m²
2 rooms, kitchen, bathroom – rented
2nd floor | approx. 50 m²
2 rooms, kitchen, bathroom – rented
Current monthly net rents:
- €600
- €640
- €255
- €490
Total net rent: €1,985 monthly
Annual net rent: €23,820
One of the long-standing tenancies currently has a comparatively low rent. There may be additional potential for rent increases within the scope of statutory provisions.
The property also includes a cellar and a rear garden area.
The attic also contains an area of approx. 25 m² with further potential for use or development. A possible expansion of the living space must be assessed subject to building regulations and the required permits.
The building is in a condition consistent with its age and is in need of some renovation, offering a future owner opportunities for phased modernization and further optimization.
Purchase price: €299,000 negotiable
The property is being sold privately with no commission.
The property is currently fully rented and is particularly suitable for investors seeking a property with existing rental income and additional development potential.
Further information and documents relating to the property can be provided to genuinely interested buyers.
Viewings are possible by prior appointment.
Please note that the property comprises three residential units. The ground floor currently has two physically separate living areas, each rented separately, meaning there are currently four tenancies in total.
Any future structural alterations, changes of use or extensions—particularly with regard to the attic space—must be checked by the buyer for compliance with building regulations and any permits that may be required.
Purchase price: €299,000 negotiable
The property is being sold privately with no commission.
The property is currently fully rented and is particularly suitable for investors seeking a property with existing rental income and additional development potential.
Further information and documents relating to the property can be provided to genuinely interested buyers.
Viewings are possible by prior appointment.
Please note that the property comprises three residential units. The ground floor currently has two physically separate living areas, each rented separately, meaning there are currently four tenancies in total.
Any future structural alterations, changes of use or extensions, particularly with regard to the attic space, must be checked by the buyer for compliance with building regulations and any permits that may be required.
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The multi-family house is located in Mönchengladbach-Odenkirchen, 41199, in an established residential area.
Odenkirchen has good infrastructure, with shopping facilities, schools, kindergartens, doctors and other amenities for daily needs.
The district is well connected to both local public transport and the regional road network.
This makes other parts of Mönchengladbach and the surrounding cities easily accessible.
The combination of the residential location, existing infrastructure and transport links makes this location particularly attractive for long-term letting.
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