Other for sale in Mulheim, Germany

• Keller

Property Description: An exceptional historic property consisting of two impeccably renovated houses in the charming neighborhood of "Dorf Saarn" in Mülheim. This rare offering has been lovingly restored with attention to detail, blending modern amenities with a touch of historic charm. Both houses, which have been completely renovated by the owner, are currently rented out and meet the high standards of the tenants. The central location in Dorf Saarn adds to the appeal of this property, making it highly sought after. The property was added to the historic preservation list of the city of Mülheim an der Ruhr on September 18, 1989. The buildings are significant in the history of the area and reflect the pre-industrial settlement phase in Mülheim-Saarn. The structures are deemed worthy of preservation for their architectural and cultural significance. In terms of financial performance, the front building is rented to the real estate company of Volksbank Rhein-Ruhr, while the rear building is leased to a freelance entrepreneur. The current annual rental income (cold rent) amounts to EUR 51,000, with an increase to EUR 52,200 starting November 1, 2024. Operating costs are passed on to the tenants according to the lease agreements, and energy costs are paid directly to the providers by the tenants. The tenants appreciate the prime location in the heart of Saarn, with a cozy atmosphere and a vibrant shopping and dining scene in the immediate vicinity. The investment also offers tax benefits, including possible accelerated depreciation reduction (AfA) based on the remaining useful life of the property. Thoughts on Price: The asking price of 790.000€ reflects the exceptional quality of this historic property and its prime location in the sought-after neighborhood of Dorf Saarn. The strong rental income stream, combined with the potential for appreciation and tax advantages, make this property a valuable investment opportunity. Given the scarcity of such well-maintained historic properties in this area, the price is justified and presents a unique chance for discerning investors.