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45355 Essen
Property Description This 7-family house is located in a good location in Essen-Bochold. It is a well-maintained property with solid building structure. The water pipes are made of copper and there has been no water damage for over 12 years. The two attic apartments were converted around 20 years ago. Each unit has a balcony, and the ground floor apartment also has a terrace with a garden. The property is fully rented with a long-standing and stable tenant structure. The current annual rental income (including garages) is 37,380.00 EUR. Price Thoughts The asking price of 690,000 EUR seems reasonable considering the good condition of the property, its desirable location, and the stable rental income it generates. The property's long-term maintenance with no reported water damage adds value and could potentially attract investors looking for a secure investment with steady returns.
45355 Essen