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House for sale in Hamm, Germany
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House for sale in Hamm, Germany

262 000€

59067 Hamm

Investment Breakdown

Gross Yield:

5%

Time to pay off with rent:

27.3 years

Price Difference:

-

Expected Rent:

800€/month

Property description

This property is a semi-attached multi-family house consisting of three 3-room apartments spread over two floors, complete with a basement and converted attic. Each apartment offers a living space of 80 square meters, totaling 240 square meters for the entire building. The property includes both double garages and four row garages that were previously used as stable buildings. Originally constructed in 1910, the row garage was added in 1959, and the entire building underwent renovations in 1978. The heating and hot water supply are provided by gas boilers from 1978/79 and 2005, with the older boilers needing replacement. An internal inspection of the property was not possible. This multi-family house presents a unique opportunity for an investor, given its potential for rental income from three separate units, along with additional garage space that could be rented out or utilized personally. The competitive price point and the ability to secure some financial incentives through auction processes further enhance its appeal, especially in a market where such properties are in high demand.

Location

59067 Hamm

Date added: 01.12.2024

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