Fröndenberg-Mitte: Apartment building with three garages in a central location - Fully rented!

Information

Selling Price & Extra Costs

About this dream house

Property Description

This apartment building with a basement in Fröndenberg/Ruhr with approx. 324 m² total living space is centrally located and architecturally reflects the charm of the 1920s.

All four residential units are currently rented.

Extensive renovations were carried out from 2001 to 2003, including soundproofing renovation (including the installation of new soundproof windows).

The property also includes three rented garages as well as two car parking spaces (one of which is rented).

All apartments have gas-fired individual heating.

All shopping facilities, the pedestrian zone, the school center, kindergartens and the train station can be reached on foot within a few minutes.

The monthly net rental income currently amounts to EUR 2,450,– and is broken down as follows:

Apartment on the ground floor
approx. 75 m² living space
Base rent: EUR 600,–

Apartment on the 1st floor
approx. 105 m² living space
Base rent: EUR 750,–

Apartment No. 1 in the attic
approx. 84 m² living space
Base rent: EUR 550,–

Apartment No. 2 in the attic
approx. 60 m² living space
Base rent: EUR 375,–

Rent garage No. 1: EUR 75,–
Rent garage No. 2: EUR 30,–
Rent garage No. 3: EUR 50,–
Rent car parking space No. 1: EUR 20,–
Rent car parking space No. 2: currently not rented

This currently results in a total annual net rental income of EUR 29,400,–

Our conclusion:
Capital investors must act immediately, because from an economic point of view this property offers profitable rental income - with room for growth in the future.

Curious? If you are interested, we look forward to your inquiry.

Please understand that before scheduling a property viewing we require written proof of capital from your financing institution or your financial advisor.

Location