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House for sale in Niederkassel, Germany
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House for sale in Niederkassel, Germany

1 140 000€

53859 Niederkassel

Investment Breakdown

Gross Yield:

6.5%

Time to pay off with rent:

7916.7 years

Price Difference:

-100000%

Expected Rent:

12€/month

Property description

The property consists of a two-story residential and office complex featuring five residential units and one office space, totaling 282 square meters of living area and 68 square meters of usable area. The residential units range between 55 to 87 square meters, each equipped with balconies and terraces, offering ample outdoor space for residents. Additionally, there is a single-story family home with an expanded attic, boasting a living area of 149 square meters. All units share a common underground garage with an auto lift, providing parking for six vehicles. The buildings were constructed in 2020 and 2021, but the property is not yet fully completed and exhibits significant construction defects, particularly concerning moisture issues. This presents an opportunity for potential buyers to invest in a property that, once remedied, could appreciate significantly in value. With a current market value of 1,140,000 EUR, there is potential for substantial discounts during the auction process, possibly allowing an acquisition price of only 798,000 EUR, with the added advantage of no notarization or brokerage fees. This property offers a promising investment opportunity in a growing market.

Location

53859 Niederkassel

Date added: 15.12.2024

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