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45355 Essen
Property Description This 7-unit apartment building is located in a good area in Essen-Bochold. It is a well-maintained house with solid construction. The water pipes are made of copper and there have been no water damage incidents for over 12 years. The two attic apartments were converted approximately 20 years ago. All units have balconies, and the ground floor apartment has a terrace with a garden. The building is fully rented out with a long-standing and stable tenant structure. The current annual cold rent (including garages) is 37,380.00 EUR. Price Thoughts: The price of 690,000 EUR for this property seems to be reasonable considering its good location, well-maintained condition, and stable rental income. The solid construction and lack of water damage incidents add to the property's value, making it a sound investment opportunity. Additionally, the fully rented status and long-standing tenant structure provide a steady income stream for the new owner. Overall, this property offers a combination of attractive features that justify its asking price.
45355 Essen