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45355 Essen
Property description: This 7-family house is located in a prime location in Essen-Bochold. It is a very well-maintained property with solid construction. The water pipes are made of copper, with no water damage in over 12 years. The two top floor apartments were converted approximately 20 years ago. Each apartment includes a balcony, with the ground floor unit also featuring a terrace and garden. The property is fully rented out with long-term and reliable tenants in place. The current annual cold rent (including garages) is €37,380.00. Price thoughts: The asking price of €690,000 seems reasonable considering the property's desirable location, well-maintained condition, and stable rental income. With a solid tenant base in place, this property could provide a steady stream of income for the new owner. Additionally, the fact that there have been no water damage issues in over 12 years is a testament to the quality of construction and maintenance of the property. Overall, this property presents a promising investment opportunity in the real estate market.
45355 Essen