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House for sale in Dusseldorf, Germany
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House for sale in Dusseldorf, Germany

1 280 000€

40477 Düsseldorf

Investment Breakdown

Gross Yield:

5.4%

Time to pay off with rent:

10158.7 years

Price Difference:

200000%

Expected Rent:

11€/month

Property description

This property is a five-story residential building located in Düsseldorf, comprising nine apartments in the front building and a commercially used courtyard building. The apartments vary in size, ranging from 37 to 76 square meters, totaling 503 square meters of living space, inclusive of balconies. The building, originally constructed in 1877, underwent reconstruction in 1955, and the courtyard building has been utilized as office and storage space since 1951, experiencing an extension in 1955. Heating and hot water are supplied through gas individual heating systems, with various levels of finish and modernization from original to partially updated conditions. It's important to note that there are no dedicated parking spaces for vehicles on the premises. Overall, this property presents a unique opportunity in a desirable urban area for potential investment, offering a mix of residential and commercial spaces.

Location

40477 Düsseldorf

Date added: 14.12.2024

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