| Type | Block of flats |
|---|---|
| Living area approx. | 1450 m² |
| Bedrooms | 31 |
| Rooms | 49 |
|---|---|
| Bathrooms | 18 |
| Plot area | 1643 m² |
|---|---|
| Usable floor area | 1450 m² |
| Purchase price | 1.820.000 € |
|---|---|
| Price per m² | 1,255.17 €/m² |
| Commission | 0 |
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More financing calculators and assumptionsProperty no.: 1072542
For sale is a well-maintained apartment building in a quiet residential location in Remscheid, particularly suitable for investors as a long-term stable investment property. Built in 1972, the property comprises a total of 18 residential units across five floors, as well as 9 garages, and offers a total living area of approx. 1,450 m² on a spacious plot of approx. 1,643 m².
The property is fully rented and currently generates annual net cold rent of approx. €117,579. Only one garage is currently vacant, creating additional rental potential. The stable rental situation underlines the sustained demand for housing in this location and ensures reliable ongoing income.
Each apartment has its own balcony, which noticeably enhances the quality of living and ensures long-term tenant appeal. An existing elevator provides convenient access to all floors and is an important feature, particularly for older tenants or households with higher comfort requirements.
The property is in well-maintained overall condition, although the fittings are deliberately simple and functional. This is precisely where an interesting opportunity lies for investors: Targeted modernizations during future tenant changes can gradually achieve rent adjustments and increases in value.
The quiet residential location within Remscheid offers a pleasant living environment with good access to the city’s infrastructure. Shopping facilities, public transport, and amenities for everyday needs are within a reasonable distance and contribute to the property’s lasting rentability.
Overall, this is a solid apartment building with stable rental income, manageable operating costs, and further development potential. The combination of full occupancy, elevator, balconies, existing garages, and a quiet residential location makes this property an attractive investment for investors who value continuous returns and long-term asset stability.
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