| Living area approx. | 398 m² |
|---|
| Plot area | 561 m² |
|---|
| Purchase price | 555.000 € |
|---|---|
| Price per m² | 1,392.72 €/m² |
| Commission | 5,95% |
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 assumptionsThis multi-family house is aimed at capital investors seeking a manageable structure, ongoing rental income, and a well-classifiable existing property. The property is suitable for investors who value clarity in use, a regular income situation, and long-term holding.
Property & Substance
The building was constructed around 1905 and, in terms of its construction, corresponds to the classic turn-of-the-century style. The property presents itself in a well-maintained condition and has a clearly structured layout of the residential units.
In total, the offering comprises seven residential units distributed between a main house and a courtyard building. The apartment sizes are functionally laid out and sized in line with market conditions. The ground floor and attic unit were each combined from two former smaller units and now present themselves as contiguous apartments. This results in a clearer floor-area structure, which fits well into the overall composition of the house and additionally simplifies management.
Currently, no as-built floor plans are available for the building under building law. The relevant documents are currently being reviewed and processed at the responsible building authority. This approach is not unusual for existing properties of this construction year and serves proper documentation as well as clear building-law classification.
Management & Return
The multi-family house is fully rented. The rental income is regular and transparent and is based on a broadly diversified tenant structure. With a total lettable area of approx. 398.5 m², this results in a well-understandable income logic that is suitable for long-term holding. Management is manageable and can be handled without increased complexity.
Flexibility & Strategic Classification
The property is suitable both as a stable component of an existing portfolio and as an entry into a structured residential real estate investment. In the long term, the house can be carefully developed further as part of a long-term holding strategy, without short-term pressure to act or mandatory measures.
Future & Classification
The technical and functional fittings correspond to a solid existing-property standard. The clear property structure, sustainable residential use, and established location form a good basis for long-term lettability and a calm classification in the residential real estate segment.
---
Rent schedule
APARTMENT 01
Location: ground floor left and right
Rentable area: approx. 100.00 m²
Net cold rent per month: €823.50
Net cold rent per m²: €8.24/m²
APARTMENT 02
Location: 1st floor left
Rentable area: approx. 35.00 m²
Net cold rent per month: €350.00
Net cold rent per m²: €10.00/m²
APARTMENT 03
Location: 1st floor right
Rentable area: approx. 60.50 m²
Net cold rent per month: €439.20
Net cold rent per m²: €7.26/m²
APARTMENT 04
Location: 2nd floor left
Rentable area: approx. 52.00 m²
Net cold rent per month: €348.00
Net cold rent per m²: €6.69/m²
APARTMENT 05
Location: 2nd floor right
Rentable area: approx. 52.00 m²
Net cold rent per month: €370.00
Net cold rent per m²: €7.12/m²
APARTMENT 06
Location: attic floor
Rentable area: approx. 35.00 m²
Net cold rent per month: €332.50
Net cold rent per m²: €9.50/m²
APARTMENT 07 (courtyard building)
Location: extension
Rentable area: approx. 64.00 m²
Net cold rent per month: €512.00
Net cold rent per m²: €8.00/m²
Summary
Total residential and usable area: approx. 398.50 m²
Net cold rent per month: €3,175.20
Net cold rent per year: €38,102.40
Average net cold rent: approx. €7.97/m²
Occupancy rate: 100 % rented
Your destination goes to Google Maps only when you submit the form. TraumImmo neither stores nor logs it.
99.000 € IN THE MIDDLE OF GREEN45326 Essen
115.000 € Renovated Investment Property in Essen45326 Essen
555.000 € Essen-Altenessen-Süd: Apartment building with 6 apartments & courtyard building45326 Essen
