| Plot area | 4690 m² |
|---|---|
| Usable floor area | 3383 m² |
| Purchase price | 4.200.000 € |
|---|---|
| Commission | 0 |
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.
Your inputs are calculated only in this browser and are not saved or sent to TraumImmo.
More financing calculators and assumptionsProperty no.: 1072412
For sale is an attractive residential complex consisting of ten apartment buildings on a total of four parcels in a quiet residential location in Remscheid. The ensemble comprises a total of 56 residential units with a total living area of approx. 3,383 m², as well as eleven garages, and offers investors the rare opportunity to acquire a substantial residential portfolio with stable rental income and additional value appreciation potential.
The apartment buildings, constructed in 1936 and 1950, each comprise four to eight residential units and offer a balanced mix of apartments. The focus is on easily lettable two-room apartments, supplemented by several three- and four-room apartments, thereby appealing to different tenant groups. Some of the apartments have balconies, which enhance the quality of living and further increase the attractiveness of the individual units.
The total plot area of approx. 4,690 m² provides residents with a spacious living environment. Particularly noteworthy is the quiet location with a park directly opposite, as well as a large communal garden that offers tenants additional outdoor space for recreation and relaxation. The property is complemented by basement rooms and storage rooms, providing practical storage options. A total of eleven garages are available, four of which are currently vacant. This also creates further rental and income potential within the garage portfolio.
Heating is provided by gas central heating systems dating from 1994. The overall condition of the properties varies: While some areas have already been modernized, a large part of the portfolio is in need of renovation. This gives investors the opportunity to sustainably enhance the property portfolio through targeted modernization and maintenance measures and to realize additional value and rent appreciation potential.
The current annual net cold rent amounts to €248,638 and already provides a solid income basis. In addition, attractive development opportunities exist through market-based rent adjustments, the letting of the currently vacant garages, and the modernization of individual apartments.
Overall, this is a substantial residential property portfolio of attractive scale, with stable cash flow and diverse development opportunities. The combination of a quiet residential location, a well-establishedResidential surroundings with a park and community garden, partially existing balconies, and considerable potential for optimization make this portfolio a long-term attractive investment for property holders, family offices, and institutional and private investors.
Your destination goes to Google Maps only when you submit the form. TraumImmo neither stores nor logs it.
1.450.000 € Attractive Residential Complex on a Large Plot with Balconies and Solid Rental Performance42853 Remscheid
544.000 € THREE-FAMILY HOUSE IN THE CITY CENTER OF REMSCHEID - 2 RESIDENTIAL UNITS RENTED - POSSIBILITY FOR OWNER-OCCUPATION42853 Remscheid
1.639.000 € Attractive investment property in a central location in Remscheid42853 Remscheid