| Type | Block of flats |
|---|---|
| Living area approx. | 974 m² |
| Bedrooms | 36 |
| Rooms | 49 |
|---|---|
| Bathrooms | 13 |
| Plot area | 1813 m² |
|---|---|
| Usable floor area | 974 m² |
| Purchase price | 1.160.000 € |
|---|---|
| Price per m² | 1,190.97 €/m² |
| Commission | 0 |
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More financing calculators and assumptionsProperty no.: 1072427
For sale is an attractive apartment building in Remscheid, built in 1969, with a total of 13 residential units and two separate entrances. The property offers investors an interesting opportunity to invest in an established residential portfolio with sustainable development and appreciation potential. A total residential floor area of approx. 975 m² is distributed primarily among spacious 3- to 4-room apartments with living areas between approx. 71 m² and 87 m². These apartment sizes are among the most sought-after segments of the rental market and appeal to a broad tenant base in the long term.
Currently, 11 of the total 13 residential units are rented. The current annual net cold rent amounts to approximately €65,400. One of the vacant apartments has already been extensively renovated and can be re-let at short notice. The second vacant apartment offers the purchaser the opportunity to modernize it according to their own ideas and selectively upgrade the residential portfolio.
Overall, the property is in a predominantly well-maintained condition. At the same time, the existing need for modernization creates further appreciation potential. Gradual investments in individual units or common areas can additionally increase the attractiveness of the portfolio and further strengthen its long-term rental potential.
Each apartment has its own balcony, providing an important level of living comfort that is particularly appreciated by tenants. The offering is complemented by a spacious communal garden on the approx. 1,810 m² plot, providing residents with additional areas for recreation and leisure. A garage, which is currently vacant, represents further potential for use.
The apartments are heated by individual gas heating systems, meaning that heating costs are borne directly by the tenants according to consumption. This reduces the allocable operating costs for the owner and ensures a transparent cost structure.
Overall, this is an interesting investment with an attractive combination of stable rental income, sought-after apartment sizes, spacious outdoor areas, and further development potential. The rental income already generated provides a solid foundation, while the existing vacancies and modernization opportunities offer the future owner additional prospects for upgrading the portfolio. This makes this apartment building Equally suitable for long-term-oriented property holders as well as for investors seeking to unlock further potential through targeted measures.
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