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47055 Duisburg / Wanheimerort - Nordrhein-Westfalen
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Property Description: This well-maintained 3-story, 9-family house was built in 1965 on a 823 m² plot of land using solid construction. The total living space is 514 m², with an additional 235.98 m² of commercial space. There are 6 garages and up to 3 parking spaces available in the courtyard. Currently, one co-owner uses the garden area separately in the courtyard. The commercial space on the ground floor, rented out to a casino operator for many years, consists of a sales area, a small storage room, and 2 separate bathrooms. The total living space is divided as follows: 3 apartments on the 1st floor: 54.23, 74.57, and 58.16 m² 3 apartments on the 2nd floor: 54.23, 74.57, and 58.16 m² 3 apartments in the attic: 32.14, 25.38, and 72 m². The apartments on the 1st floor have access to a large terrace, while the apartments on the 2nd floor have balconies facing west. All apartments are currently rented out. The current total net annual cold rent income, including the garages and parking spaces, amounts to 54,857.04 Euros, while the market rent according to the rent index is 67,950.12 Euros. Three apartments are rented below market rates to family members, with 2 of them becoming available in the spring of 2025. The 72 m² apartment of the former owner is currently vacant and can be rented out at market rate immediately, with the lease of the commercial unit also becoming available for adjustment in 2025. Each apartment comes with a separate cellar compartment, as well as a communal laundry room and drying room. Unfortunately, more pictures of the interior cannot be shared out of respect for the current tenants. Please contact us to schedule a viewing. Price Thoughts: The price of 949,000 Euros for this property seems reasonable considering the size of the building, the amount of living space, and the additional commercial space. The potential for rental income from the multiple apartments and commercial unit can provide a steady return on investment. The upcoming availability of units at market rates in 2025 also presents an opportunity for increased profitability. Overall, this property offers a solid investment opportunity in Duisburg.
47055 Duisburg / Wanheimerort - Nordrhein-Westfalen