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House for sale in Krefeld, Germany
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House for sale in Krefeld, Germany

115 000€

47798 Krefeld

Investment Breakdown

Gross Yield:

6.5%

Time to pay off with rent:

6.4 years

Price Difference:

-

Expected Rent:

1500€/month

Property description

Property description: This complex consists of a main building and an attached wing that includes both residential and commercial spaces. The structure features two apartments and a commercial unit, extending over three and two stories, with a total living/usable area of 275 m². Originally built in 1876, the property showcases the charm and character of its time, though it currently lacks a heating system, necessitating electric heating for some units. Notably, several units were not accessible for viewing, leading to a significant need for renovations. Potential buyers should be prepared for restoration work to bring the properties up to modern standards. The unique combination of residential and commercial potential makes this property an intriguing opportunity for investors looking to revitalize a historic site while generating income through rentals. Its location in Krefeld ensures a vibrant environment for both living and conducting business, though prospective buyers should consider the implications of the necessary repairs and the absence of heating infrastructure.

Location

47798 Krefeld

Date added: 01.12.2024

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