Apartment for sale in Essen - Nordrhein-Westfalen, Germany

• Balkone 1
• Terrassen 1
• Garage/Stellplätze 5
• Keller

Description: Offered here are four continuously well-maintained and consistently rented apartment buildings. The buildings, along with the apartments, are in good and well-maintained condition. 16 out of the 24 apartments have balconies, while the owner's apartment boasts a large garden and is currently vacant. Whenever a tenant turnover occurs, the apartments are freshly renovated and equipped with new bathrooms. During bathroom renovations, all supply lines are always replaced. Hot water is provided within the apartments via instant water heaters. Each apartment comes with its own cellar. Additionally, there are storage rooms for bicycles, laundry, and drying rooms. The green spaces are for communal use, including a playground with a sandbox, climbing frame, and bench. All buildings are equipped with fiber optic connection. Thoughts on Price: The asking price of 2.420.000€ for this property seems reasonable considering the well-maintained condition of the apartment buildings, the consistent rental income from the majority of units, and the added amenities such as balconies and communal green spaces. The fact that the apartments are regularly renovated adds to their appeal and potentially increases their long-term value. Overall, this property presents a solid investment opportunity in the Essen-Nordrhein-Westfalen area.