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House for sale in Solingen, Germany
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House for sale in Solingen, Germany

129 000€

42719 Solingen

Investment Breakdown

Gross Yield:

7%

Time to pay off with rent:

1075 years

Price Difference:

-15%

Expected Rent:

10€/month

Property description

This detached half-timbered residential and commercial building features a total of six residential units and an additional unit dedicated to gastronomy. The two-story structure is partially basement and has a converted attic, providing a total living area of 213 square meters and usable space of 143 square meters. The living areas range from 13 to 66 square meters, accommodating various living arrangements. The property also boasts a beer garden, three parking spaces, and a transformer station. Although the exact year of construction is not known, it is estimated to be around 1900. Partial modernizations were carried out in 2020/21. Heating is provided by a gas central heating system, and hot water is supplied through a flow heater. The attic houses two single rooms which share a bathroom located in the intermediate floor. This property presents a unique investment opportunity, combining residential and commercial uses in a well-established area.

Location

42719 Solingen

Date added: 16.12.2024

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