| Type | Block of flats |
|---|---|
| Living area approx. | 546 m² |
| Rooms | 15 |
|---|
| Plot area | 275 m² |
|---|---|
| Usable floor area | 546 m² |
| Purchase price | 845.000 € |
|---|---|
| Price per m² | 1,547.62 €/m² |
| Commission | no commission for buyers |
Calculate using this listing's purchase price. Every assumption is editable and all figures are non-binding estimates.
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.
Your inputs are calculated only in this browser and are not saved or sent to TraumImmo.
More financing calculators and assumptionsThe fully basemented, well-maintained apartment building, built in 1926 and financed without public subsidies, is situated in a quiet and good location in the popular Frintrop district.
The property comprises a total of five residential units, distributed over a total rentable residential usable area of approx. 546.00 m². The total area includes approx. 75.00 m² of expansion reserve in the attic. It would be advisable to convert this area into an apartment. A building permit from the City of Essen has been in place since the second quarter of 2024.
The residential units approved under building law and for their current use are generally in good condition and currently fully let. Two apartments have a balcony. In addition, there is a beautiful and very well-maintained garden, which the tenant on the ground floor may use.
The property is heated by a gas central heating system (built in 2013). Hot water is provided by instantaneous water heaters. Only the ground floor obtains its heating water from the gas central heating system. Downpipes (plastic), risers (copper) and electrical installations (with residual-current circuit breakers) are predominantly in modernized and contemporary condition.
The current owner has had the building professionally managed and continuously maintained. In addition, investments have been made in recent years. The building shows no apparent need for renovation.
In addition to the heating system, renewed in 2013, the windows on the ground floor were replaced a few years ago. The apartments have been successively renovated when tenants changed (4 out of 5 apartments, including bathrooms).
Due to the good micro-location, the attractive 2/3.5-room layouts and the selective choice of tenants, the tenant structure can be described as good and homogeneous; accordingly, tenant turnover is low.
Due to the contractually fixed stepped rents and the expansion reserve, there is attractive development and rent increase potential, which could lead to a target rent of €66,726.60 per year.
The property is ideally suited to a long-term investor seeking to optimize the existing potential. Residential unit privatization would also be conceivable.
Your destination goes to Google Maps only when you submit the form. TraumImmo neither stores nor logs it.
899.000 € Spacious feel-good house with heated conservatory, fireplace & sauna45359 Essen
489.000 € High-quality modern semi-detached house with 6 rooms, terrace, garden & garage45327 Essen
489.000 € High-quality modern semi-detached house with 6 rooms, terrace, garden & garage45327 Essen– Katernberg
