Menden: Rented condominium with balcony and parking space - ideal for investors!

Information

Selling Price & Extra Costs

About this dream apartment

Property Description

Condominium in Menden-Stadtmitte – Your investment in an attractive property!

Location and surroundings:

The town center of Menden is a lively and attractive location with excellent infrastructure. Here you will find everything you could wish for: from shopping opportunities and dining options to leisure activities – Menden offers a high quality of life. The good connections to local public transport and the nearby motorway access roads make this location extremely attractive for both commuters and residents.

Property description:

This charming top-floor apartment is located on the 2nd floor of a well-maintained 3-family house built in 1984. With a living area of approx. 78 m², it extends over several light-filled rooms and offers the resident everything you need for comfortable living.

The apartment impresses with the sunny southwest-facing balcony, where you can spend relaxing hours outdoors. The spacious living/dining area of approx. 29 m² invites you to leave everyday life behind and relax. The layout is well thought out and allows for both a functional and cozy living style.

The apartment is completed by a daylight bathroom, which is equipped with both a bathtub and a separate shower. You will also find a washbasin and a toilet, all in a noticeably well-maintained condition. The bathroom is supplemented by a practical guest WC, offering your visitors additional comfort.

The apartment also includes its own basement storage room, which offers sufficient storage space. In addition, the residents have access to a communal cellar where washing and drying can be done without any problems.

The apartment is heated by gas central heating.

Parking spaces for all residents are located directly in front of the building. However, according to the declaration of division, there is no parking space for this residential unit designated as separate ownership.

Fact check, value development and rental potential:

According to the documents available to us, the monthly service charge currently amounts to EUR 134,–

The apartment has been rented since 01/12/1984 and currently generates a basic rent of EUR 500,– plus ancillary costs. As ancillary costs, the current tenant bears all costs for electricity, heating and internet, which are directly with themanaged by the respective provider or utility company. This is not only practical for the tenant, but also ensures a transparent cost structure for the owner.

Thanks to the long rental period and stable income, this property is particularly interesting for capital investors and investors. The location in Menden-Stadtmitte as well as the good features of the apartment speak for themselves and will continue to guarantee high demand on the rental market.

The favorable current rental conditions and the possibility of renting the property long term are ideally suited for investors looking for a solid capital investment with strong returns.

Homeowners' association and management:

Co-ownership share according to the declaration of partition: 318 / 1,000.

At present there is no property manager for the homeowners' association and no regular owners' meetings either. The existing owners handle all necessary matters among themselves and as needed. This allows for quick decisions and straightforward internal arrangements. A positive aspect that should not be underestimated in today's world and underlines the uncomplicated way of dealing with one another.

Financial aspects:

The new owner should also be aware that no reserves have been accumulated to date. As a rule, invoices are divided into thirds among the owners and paid individually. This ensures a quick financial settlement, but also means that potential buyers should take this into account in their calculations.

Nevertheless, given the stable rental income, its condition and its location in Menden-Stadtmitte, the property is a promising investment.

Our conclusion:

In summary, this attic apartment in Menden-Stadtmitte represents an excellent opportunity for capital investors. The location, features and long-standing tenancy give reason to positively assume profitability.

With its approx. 78 m² of living space, the southwest-facing balcony, the well-maintained features and the stable rental structure, this condominium is a complete solution for investors.

If you are interested in this property or would like further information, please do not hesitate to contact us. We will be happy to answer your questions and arrange a viewing. Seize the opportunity and invest in a future-proof Property.

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

Location