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House for sale in Ludenscheid                   - Nordrhein-Westfalen, Germany
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House for sale in Ludenscheid - Nordrhein-Westfalen, Germany

639 000€

58513 Lüdenscheid - Nordrhein-Westfalen

Features

  • Anzahl der Etagen im Haus 3
  • Boden Fliesen, Laminat
  • Balkone 1
  • Garten
  • Terrassen 0
  • Garage/Stellplätze 7
  • Keller

Property description

Property Description: This well-maintained 8-family house in Lüdenscheid-Dickenberg was built in 1972 using solid construction. The building is located on a leasehold property with a size of 1,028 m², which runs until 13.03.2068. The annual lease fee is 1,263.72€, and a 100% loan can be obtained from the bank. The property has a full basement and a total of 7 garages. There is a remaining useful life assessment of 32 years for the property, allowing for depreciation at a rate of 3.125%. With a financing including KNK at around 6% bank rate, it generates a surplus of approximately €700 per month. Apartment Layout: The house consists of eight apartments, divided into four 3-room apartments and four 2-room apartments: - 4 apartments with 3 rooms and approximately 80 m² of living space - 4 apartments with 2 rooms and approximately 60 m² of living space All apartments have balconies and offer spacious living areas. The bathrooms all have windows, and the apartments are heated by electric storage heaters. Three apartments have been completely renovated in the last 2 years after tenants moved out, including the bathrooms. Cellar Units: Each tenant has a cellar space, and there is a communal drying room and a room for washing machines. There is also a communal garden behind the house. The current property management can be taken over. The sale is direct from the owner and therefore commission-free. Rental Income: The current rental income for the apartments is €46,032.00 annually. The rental income for the garages is €3,180.00 annually. This property currently generates a net annual cold rent of €49,212.00. There is potential for further rental increases, as 5 units are rented at around €5/sqm. Regarding the price: The property is priced at 639.000€, which reflects the potential rental income and the solid construction of the building. With a surplus of €700 per month and additional rental increase potential, this property offers a good investment opportunity in the Lüdenscheid area.

Location

58513 Lüdenscheid - Nordrhein-Westfalen

Date added: 16.11.2024

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