| Type | Block of flats |
|---|---|
| Living area approx. | 2874 m² |
| Bedrooms | 75 |
| Rooms | 111 |
|---|---|
| Bathrooms | 39 |
| Usable floor area | 2874 m² |
|---|
| Purchase price | 3.690.000 € |
|---|---|
| Price per m² | 1,283.92 €/m² |
| Commission | 0 |
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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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We are pleased to present for sale a package of multi-family homes in a quiet residential area of Remscheid. The properties, built in 1971, are almost fully let and therefore provide an attractive foundation for a long-term investment with potential for growth.
Spread across 6 buildings, there are a total of 39 apartments with approx. 2,874 m² of living space, offering popular apartment sizes between approx. 38 m² and approx. 100 m². With existing leases in place for 37 units, the property generates annual rental income of €232,349 at an average rent of approx. €7.11 per m² of living space. Re-letting the 2 units currently vacant can further increase income.
The residential units have practical layouts and each features a balcony. Basement storage rooms are also available for every unit. There is ample public parking in the immediate vicinity. The properties are heated by a central gas heating system installed in 2006.
The existing tenancies provide ongoing rental income and, combined with the attractive residential location, form a solid foundation for a long-term investment with good re-letting prospects.
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