Mietshaus in Essen, Deutschland, 588 m²

Apartment building in the center of Essen with potential!

An interesting object for investment:
house built in 1955 (solid reinforced concrete floors) /2022
plot area 502 m2
house area 588 m2 (living area 367 m2)
heating: gas and electricity
apartments 6 units
comm. room 1 unit
there is a garden.

All apartments have windows - daylight in the bathrooms.

In 2022, several repairs were carried out, including the repair of stairs, 4 apartments (electricity, floors, walls, bathrooms and water pipes) and the mailbox system was updated.
The windows are modern double-glazed plastic windows.
A commercial block/hall with an area of 221 sq.m. in the backyard is leased to a media company.

The house offers additional potential, as there is a reserve for conversion on the 3rd floor (approx. 50sq. m).

The commercial block, as well as the first floor, are heated by gas heating, the rest of the apartments are gas-heated.
The rest of the apartments are heated by modern electric heaters.

There is a potential to raise the rent to tenants and build an apartment of about 50 m2 under the roof and also rent it out in the future (+5400 euros).
The house brings an actual income per year: 50,460 euros
The commission for the Buyer is + 5.95% to the cost of the object.
Details on request.