| Type | Block of flats |
|---|---|
| Living area approx. | 480 m² |
| Rooms | 30 |
|---|
| Plot area | 442 m² |
|---|
| Purchase price | 374.900 € |
|---|---|
| Price per m² | 781.04 €/m² |
| Commission | 5,95% |
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 assumptionsThis fully let apartment building at Rotthauser Straße 113 in Gelsenkirchen-Rotthausen offers investors the opportunity to acquire an already established residential portfolio comprising a total of eight residential units at attractive entry terms.
Originally built in 1906, the building has four residential floors, including the attic, and is fully basemented. The existing residential units are distributed from the ground floor to the attic and offer different, readily lettable sizes of approximately 46 m² to approximately 77 m².
The existing living-space calculation indicates a total of approximately 480 m² of living space. According to the land register, the plot comprises 439 m².
The existing letting situation is particularly interesting for investors: all eight apartments are let. The current total monthly net cold rent is €3,353.00, corresponding to an annual net cold rent of €40,236.00.
At a purchase price of €443,600.00, this already corresponds, based on the current net cold rents, to a purchase price factor of approximately 11.0 or an initial gross yield of approximately 9.1%.
In addition, the rent schedule provided indicates further rent development potential for various tenancies. The potential target net cold rent shown there totals €3,830.00 per month or €45,960.00 per year. The actual feasibility of rent increases must be assessed individually by the buyer, taking into account the respective tenancy agreements and statutory requirements.
The property presents itself as a typical apartment building for its period of construction. The apartments vary in terms of fittings and are predominantly basic to functional. The photographic documentation provided shows both modernized or well-maintained living areas and parts of the building where investments and modernization may appear advisable in the medium to long term.
The offer is therefore aimed particularly at investors who are not exclusively seeking a fully modernized property, but instead prefer a continuously let portfolio with a comparatively low purchase price per square meter and additional development potential.
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