House for sale in Essen, Germany

• Bad Dusche, Wanne
• Boden Fliesen, Laminat
• Balkone 3
• Keller

From a buyer's perspective, this 6-family duplex property in Essen-Überruhr-Holthausen presents a great opportunity for both real estate investment and lifestyle purchase. The property is located in a good neighborhood with easy access to major roads like the Autobahns A 40 and A 52. This enables potential tenants or owners to benefit from excellent connectivity, making it appealing for both investors and families. The ground-floor apartment offers a significant rental income potential. With a projected rental income of approximately €1,000 per month (€720 currently), the property offers a substantial return on investment. The apartment is also suitable for self-use, making it an attractive option for a variety of buyers. The property was built in 1968 and features a total living area of around 348 m² with 6 apartments and 4 garages. The property has undergone several renovations and improvements, such as replacing the windows with plastic-ISO windows and rollers, refurbishing the three balconies, renovating the rain pipes and flashing in copper, sealing a roof gable, and upgrading the gas central heating system. These improvements ensure that the property is well-maintained and energy-efficient. The property comes with 485 m² of land, providing ample outdoor space and potential for further development. It also features 3 balconies, 4 garages, and a modern gas central heating system, ensuring comfort and warmth for the occupants. As an investment opportunity, this property offers a consistent and high rental income, low vacancy risks, and a well-maintained, desirable location. However, it might also serve as an excellent family home, with sufficient space for a growing family or those who enjoy entertaining guests. In conclusion, this property is a promising investment and lifestyle purchase option due to its favorable location, substantial rental income potential, and well-maintained condition. It is essential to consider factors such as the local real estate market trends, your financial goals, and any potential remodeling or renovation requirements before making a final decision.