2.5-room apartment + garage + private entrance + garden, directly next to TU Dortmund & Dortmund Technology Park

Key facts

Purchase price & costs

About this apartment

For sale, commission-free from a private seller, is an excellently and very efficiently laid-out 2.5-room condominium (built in 1995, energy class C) with a genuine unique feature: a completely separate, private apartment entrance.

The apartment is located on the slightly elevated ground floor (raised ground floor) and is flooded with light: The kitchen faces the side of the building, while the two rooms have beautiful, large windows facing the quiet rear courtyard. From the private entrance hallway, you access the spacious kitchen with room for dining, a generous living and dining area, and a separate bedroom. Practical for everyday life: the toilet room and shower room are separate, and the shower room also provides space for the washing machine. The Vaillant brand heating system was completely replaced by a specialist company in 2024.

The multi-family building (built in 1995) is, at around 30 years old, a comparatively young existing property: solid, very robust construction, consistently dry and sustainably maintained, with very good tenants in the building and a committed, professional property management company.

Current status: The apartment is rented and currently generates €520 warm rent per month; together with the garage at +€100, this amounts to €6,000 annual net cold rent from day one (€400 apartment + €100 garage).

Owners’ association and maintenance reserve—the foundation is sound here: a maintenance reserve of around €54,000, documented by the current asset report, exceptionally high for a building of this size; the risk of special assessments is minimal. Continuous, forward-looking maintenance in recent years (including replacement of the drainage pipes), professional, committed property management, very good tenants and a harmonious residential community, with winter services and garden maintenance firmly arranged. Whoever buys here is investing in a financially sound, well-managed and well-organized community.

The target tenant group is literally right outside the front door: employees at the Technology Park / TZDO / Fraunhofer IML / Lamarr Institute (around 13,500 employees in over 300 companies, reachable within a few minutes on foot), as well as students of TU Dortmund (around 33,000), FH Dortmund (around 13,000) and ISM Dortmund (around 3,000). The apartment is the perfect student apartment: 2.5 rooms instead of a shared-room, private entrance, separate toilet and shower room.

Purchase price: €129,500 for the apartment, plus €29,000 for the car garage, total €158,500.

For investors, current and Target at a glance:

Current status: €6,000 annual net cold rent, rented, income from day one.
Furnished apartments near the university and technology park are typically marketed at around €780 including utilities; the garage could prospectively be rented separately for €120 per month, totaling €900 per month.
Target status with a new furnished tenancy: around €10,800 annual rent.

With usual additional costs of approx. €100, this corresponds to €9,600 annual net cold rent, or around 6.1% gross yield on the total purchase price. Calculated for the apartment alone (€129,500, approx. €3,000/m²), the potential net cold rent of €8,160/year even corresponds to around 6.3% gross yield.

The details: service charges €216/month, of which approx. €119 are allocable operating costs (paid by the tenant) and €44.42 is allocated to the maintenance reserve. Effective non-allocable management costs: ONLY approx. €52/month!

Location