Apartment for sale in Mulheim, Germany

• Keller

Property Description This three-story semi-detached multi-family house features a grey/black slate facade on the east side with many windows, allowing the apartments to be bright and airy. The west side of the facade has been insulated and clad to make it maintenance-free. The pitched roof, which has not been converted, was re-roofed and insulated from the inside in 2006. The house is fully basemented, housing both tenant cellars and an oil central heating system that provides heat to all units. Hot water is generated decentrally through electric instantaneous water heaters in the bathrooms or under-counter units in the kitchens. The ground floor comprises two separately rented retail spaces that underwent core renovation in 2016, including new electrical installations, wall and floor coverings, and newly installed double-glazed shop windows. The remaining three floors feature identical apartments, most of which have been renovated in recent years during tenant turnovers, including flooring, electrical systems, bathrooms, and apartment doors. The staircase was renovated in 2019, and all insulated wooden windows were last painted in 2021. Thoughts on Price Priced at 595,000€, this property presents a compelling investment opportunity due to its well-maintained condition and multiple income streams from both residential and commercial units. The recent renovations and updates add value to the property, making it an attractive option for prospective buyers looking for a solid real estate investment in a desirable location like Mülheim. With its quality features and potential for rental income, this property is priced competitively and represents a promising opportunity in the current market.