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45127 Essen - Nordrhein-Westfalen
Property description: This multi-family house with seven residential units is located in a central location in Essen. In 2024, the property underwent a comprehensive and energetically renovation. The renovation included the complete refurbishment of five residential units (including the renewal of electrical installations) as well as extensive energy-efficient measures on the building envelope, which were supported by BAFA efficiency measures. The following measures were carried out in addition to the core renovations of the apartments: - Complete insulation of the facade and renewal of all window sills - Roof insulation - Insulation of the basement ceiling - Renewal of windows in three residential units - Renewal of heating systems - Renovation of the common areas (including staircase renovation) All of the above works were carried out by reputable specialist companies based in North Rhine-Westphalia. Six of the seven residential units were newly rented in 2024 and offer an excellent return on investment for the investor due to the "first occupancy after renovation." The annual net cold rent of the house is approximately 49,700 € per year. In addition, there is a tax advantage due to the depreciation benefit based on the year of construction, providing an additional benefit for the investor. In summary, this property offers a worry-free investment opportunity. Thoughts on price: The asking price of 899,000€ reflects the extensive renovations and energy-efficient measures that have been carried out on the property. With six of the seven units already rented out and offering a high rental income, this property presents a lucrative investment opportunity for those looking for a secure and profitable asset. The excellent capital yield and tax advantages make this property a valuable addition to any investor's portfolio.
45127 Essen - Nordrhein-Westfalen