Property Description

This 7-family house is located in a prime location in Essen-Bochold. It is a well-maintained property with a solid construction. The water pipes are made of copper, and there has been no water damage for over 12 years. The two attic apartments were newly renovated about 20 years ago. Each apartment has a balcony, and the ground floor unit also has a terrace with a garden. The property is fully rented out with a long-standing and reliable tenant structure. The current annual cold rent (including garages) is €37,380. 

Thoughts on Price

Considering the desirable location, well-maintained condition, and stable rental income, the asking price of €690,000 is competitive in the current market. The property offers a great investment opportunity for those looking to add a multi-family home to their portfolio or continue renting out to generate income.

Objektbeschreibung                          Das 7-Familien Haus liegt in guter Lage in Essen-Bochold.Es ist ein sehr gepflegtes Haus mit guter Bausubstanz. Die Wasserrohre sind aus Kupfer. Seit über 12 Jahren kein Wasserschaden. Die zwei Dachgeschosswohnungen wurden erst vor ca. 20 Jahren ausgebaut. Alle Wohnungen haben ein Balkon. Erdgeschosswohnung hat eine Terrasse mit Garten.Das Haus ist vollvermietet. Langjährige und solide Mieterstruktur.Aktuelle Jahreskaltmiete (inkl. Garagen): 37.380,00 EURBitte keine Makleranfragen.

House for sale in Essen, Germany

Property Description:
This 7-unit apartment building is located in a prime location in Essen-Bochold. It is a well-maintained property with a solid structure, featuring copper water pipes with no water damage for over 12 years. The two attic apartments were recently renovated approximately 20 years ago. Each unit comes with a balcony, and the ground floor apartment has a terrace with a garden. The building is fully rented out with a long-standing and reliable tenant base. The current annual rental income (including garages) is 37,380.00 EUR.

Price Thoughts:
The property's price tag of 690,000 EUR is justified considering its excellent condition, prime location, and stable rental income potential. With a fully rented building and loyal tenants, this investment opportunity promises a steady stream of income for the new owner. Additionally, the recent renovation of the attic apartments adds value to the property, making it an attractive option for potential buyers looking for a hassle-free investment with long-term rental prospects.

Property Description
This 7-unit apartment building is located in a good area in Essen-Bochold. It is a well-maintained house with solid construction. The water pipes are made of copper and there have been no water damage incidents for over 12 years. The two attic apartments were converted approximately 20 years ago. All units have balconies, and the ground floor apartment has a terrace with a garden. The building is fully rented out with a long-standing and stable tenant structure. The current annual cold rent (including garages) is 37,380.00 EUR. 

Price Thoughts:
The price of 690,000 EUR for this property seems to be reasonable considering its good location, well-maintained condition, and stable rental income. The solid construction and lack of water damage incidents add to the property's value, making it a sound investment opportunity. Additionally, the fully rented status and long-standing tenant structure provide a steady income stream for the new owner. Overall, this property offers a combination of attractive features that justify its asking price.

 Estimated Value for Real Estate Investment: 

The property in question is a 6-family, double-house located in Essen-Überruhr-Holthausen, which is a good location with excellent connectivity to the autobahns A 40, A 52. The surplus living area of approximately 348m² on the ground floor has a high potential for rent increase. A self-occupant could also benefit from this layout. The house was built in 1968 and features 6 apartments, 3 balconies, and 4 garages, making it an attractive investment opportunity. The energy certificate class is E, with an energy consumption of 148kWh/(m2a). The property has undergone extensive renovations over the years, including replacing old windows with PVC-Iso windows and roller blinds, sanitizing the three balconies, and renovating all the rain gutters and fall pipes, made of copper. In addition, a muffler was installed on a gable roof in 2018 for the gas central heating system, which supplies heating to both the family home and the adjoining building.

To get a detailed picture of the potential net income for the property, we should consider the property's current rent situation. The building is fully rented, with no outstanding rents. The annual rent is 36,060€, and significant rent potential exists, as a new tenant could be charged around 1000€ per month (approx. 720€ currently). A complete rent potential could be 49,200€ in the future, given the demand and a thorough inspection of the property.

To compute the NET cash flow annually, the current rent is deducted from the potential rent, plus the acquisition costs, maintenance costs, repair costs, and any other expenses (e.g., taxes, insurances, etc.). The sum of these costs should ideally be covered by the net rental income to ensure a steady and profitable investment.

Estimated Value for Lifestyle Purchase:

For a potential buyer who might be interested in self-occupancy, the property offers a 6-family, 348m² of living space with 3 balconies and 4 garages, making it a spacious and comfortable home for a large family. The buyer also gets 2 additional 2-family apartments, totalling 465m2 of living space and an uncluttered living environment.

The modern amenities like the PVC-Iso windows, roll-up shutters, and laminate flooring, and kitchens contribute to the overall comfort of the space. The points mentioned above, coupled with the central location and the great commuting options, are likely to improve the buyer's lifestyle appreciably. Buyers who choose to use the property for other purposes such as starting or running a business, for self-catering, or other income-generating activities, will also benefit significantly from the property's strategic location and attractive layout.

Objektbeschreibung                          Das 6-Familien-Doppelhaus liegt in guter Lage in Essen-Überruhr-Holthausen.Gute Verkehrsanbindung zu den Autobahnen A 40, A 52.Die Erdgeschosswohnung hat einen großen Mietsteigerungspotenzial, bei Neuvermietung kann ca. 1000 (aktuell 720) an Kaltmiete erzielt werden. Auch für Selbstnutzung ist diese Wohnung sehr passend.Baujahr: 1968Wohnfläche: ca. 348 m²Grundstück: 485 m²6 Wohnungen3 Balkone4 GaragenEnergieausweis: Energieverbrauchskennwert 148kWh/(m2a), Klasse E. Gültig bis 2028Instandhaltungs-, Sanierungsmaßnahmen:Alle Fenster von ca. 1990 nach und nach in Kunststoff-Iso Fenster und Kunststoffrollläden ausgetauscht.Alle drei Balkone wurden 1999 saniert und gefliest und alle Dachrinnen & Fallrohre in Kupfer erneuert.2010: Eine Dachgaube gedämmt. Bädersanierung:Souterrain: 2010DG links und rechts: 2014OG1 links: 2016Im Jahr 2018 erneuerte Gas-Zentral-Heizung versorgt zusätzlichdas rechte Mehrfamilienhaus. Heizkosten werden entsprechend abgerechnet.Frontfassade mit Armierung: 2021Aufteilung:Erdgeschoss 104 m²1. OG links und rechts je 53 m²2. OG links 44 m²2. OG rechts 42 m²Souterrainwohnung: 52 m²GaszentralheizungKunststoff-Iso-FensterKunststoff-RolllädenLaminat, Teppich und FliesenAktuelle Jahreskaltmiete: 36.060 EUR.Es gibt keine Mietrückstände. Das Haus ist voll vermietet. Bitte keine Makleranfragen.

Property Description:

This property is a beautifully appointed multi-family home located in the heart of Essen. With seven units spread over three floors, totaling 397 square meters of living space, this property offers a range of living options for potential buyers. Originally built in 1911, the building has been well-maintained and features balconies for each unit.

Two of the apartments on the first floor have been combined into one larger unit, creating a more open and spacious living area. The heating system includes a gas central heating system and nighttime storage heaters, with hot water provided by a tankless water heater. The ground floor also boasts a loggia with windows, providing additional living space and natural light.

The property is being auctioned off by the local district court, with a listed value of 565,000.00 EUR. Buyers have the opportunity to potentially secure a 30% discount on the property, bringing the sale price down to 395,500.00 EUR. Additionally, there are no additional fees for notary services or agency commissions, making this a great deal for savvy investors.

Don't miss out on this fantastic opportunity to own a piece of real estate in Essen. Contact us today for more information and to learn about other properties available for auction.

Objektbeschreibung                          Beidseitig angebautes Mehrfamilienhaus mit sieben Wohneinheiten, drei Etagen, Keller, teilweise ausgebautes Dachgeschoss, Wohnfläche: 46-67 m², insgesamt 397 m² Wohnfläche, mit Balkonen, Baujahr 1911.Es wurden zwei Wohnungen im ersten Stock zu einer zusammengelegt. Die Heizung erfolgt durch eine Gas-Zentralheizung und eine Nachtspeicherheizung, während das Warmwasser über einen Durchlauferhitzer bereitgestellt wird. Zudem wurde die Loggia im Erdgeschoss mit Fenstern versehen.Bitte kontaktieren Sie uns bei weiteren Fragen telefonisch, von Montag - Freitag von 08:00 - 20:00 Uhr, Samstags/Sonntags 10:00 – 18:00 Uhr unter der Telefonnummer 0221-97459790.Dieses Objekt wird beim zuständigen Amtsgericht versteigert.Verkehrswert: 565.000,00 EUR.Sichern Sie sich unter Umständen 30 % Nachlass auf den Verkehrswert und zahlen Sie somit für die oben genannte Immobilie nur 395.500,00 EUR. Ebenso entfallen Notarkosten und Maklercourtage.Dies ist eine von vielen interessanten Immobilien, die wir in der aktuellen, monatlichen Ausgabe unseres kostengünstigen IMMOBILIENVERSTEIGERUNGS-KATALOGES veröffentlichen. Sichern Sie sich jetzt diese Informationen um Ihre Wunschimmobilie preisgünstig zu erwerben.Kataloginfos:Telefonnummer 0221-97459790.

Property Description
This two-family house, built around 1911, is located in a desirable neighborhood in Essen. With 2 floors and a total living space of 118m², this property offers plenty of space for a family or for rental income. The highlight of this home is the charming winter garden, perfect for enjoying the sunshine all year round. Additionally, the property includes a fully finished basement, providing extra storage space or potential for additional living areas. The location in Essen is convenient for commuting and offers access to a variety of amenities nearby.

As for the price of 234.000€Kaufpreis, it is reflective of the value of the property and the prime location in Essen. Considering the size of the house, the amenities it offers, and the potential for rental income, this property presents a great investment opportunity. Don't miss out on the chance to own a piece of real estate in this sought-after area at a competitive price.

Objektbeschreibung                          Zweifamilienhaus, Baujahr: ca. 1911, 2 Etage(n), Wohnfläche: 118m², Wintergarten, Keller/vollunterkellert

Property Description
This end-terrace house, built around 1974, offers two floors with an additional converted attic space. With a living area of 138m², this property also includes a garage. Unfortunately, interior viewings are not available at this time.

Price Thoughts
The asking price of 320.000€ for this property in Essen seems to be a fair reflection of the size, location, and features of the house. However, potential buyers should consider the inability to view the interior before making a final decision.

Objektbeschreibung                          Reihenendhaus, Baujahr: ca. 1974, 2 Etage(n), Dachgeschoß ausgebaut, Wohnfläche: 138m², Garage vorhanden, keine Innenbesichtigung

House for sale in Essen, Germany

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