House for sale in Hagen, Germany

• Bad 2
• Boden Fliesen, Laminat
• Balkone 1
• Terrassen 1
• Garage/Stellplätze 2
• Keller

Property description: Originally built in 1957, this house has been expanded through additions and renovations and was divided into condominiums in 2003. The property is set back from the street on a approximately 895 m² plot in the Alt-Emst district of Hagen. After parking your cars in the double garage, you can access the house through the tastefully landscaped garden. Both apartments have their own entrances. The top floor, which was converted in 1971, consists of a 66.5 m² 2-bedroom apartment with a balcony. On the ground floor, there is a 73 m² 2-bedroom apartment with a terrace. The ground floor apartment also has access to a partial basement. The top floor apartment includes a cellar replacement room in the rear area of the ground floor. The garden plot, facing south-west, is beautifully landscaped in a Mediterranean style and features a garden house and two additional terrace areas. The top floor apartment will be vacated on October 1, 2024, while the tenant in the ground floor apartment would like to remain on-site. The property last generated an annual rental income (for both units, excluding the double garage) of €12,240. Thoughts on price: The price of €369,000 for this property seems reasonable considering the size of the plot, the divided condominiums, and the potential rental income it generates. The tastefully landscaped garden and multiple terrace areas add to the overall appeal of the property. With some updates and renovations, this property has the potential for a solid return on investment.