Other for sale in Mulheim, Germany

• Keller

Property Description: For sale is an exceptional monument property consisting of two first-class renovated houses in the "Dorf Saarn" neighborhood, as the residents of Mülheim affectionately call it. Rarely does such a property come on the market! With great attention to detail and tastefully equipped, the complete renovation of the monument buildings has brought a modern flair while also bringing them up to the latest technological standards. These owner-renovated houses are current and meet the high demands of tenants, thanks in part to the special location in Dorf Saarn. Until the end of 2022, there was a building permit for an extension to the front house, allowing for an additional 80m² of space to be created in an intermediate tract. The current area is approximately 136 m², with a possible planned area of approximately 216 m². Suitable for both commercial and residential use. The front building is rented to the real estate company of Volksbank Rhein-Ruhr, while the back building is rented to a freelance entrepreneur. The current rental income (cold rents) totals EUR 51,000 per year. From November 1, 2024, there will be a rent adjustment to EUR 52,200. Assuming the building permit for the approximately 80 m² intermediate tract is reissued, a projected rent of around €6,000 per month can be calculated. Currently, the square meter price for both spaces is approximately €31 per month. The additional advantages of this investment also lie in the tax incentives, such as potential depreciation benefits from the remaining useful life. For more detailed information, we would be happy to explain further in a personal conversation. Price Thoughts: The price of €790,000 for this remarkable property in a prime location with two renovated houses and the potential for further development is justified by the high rental income, the modern amenities, and the investment potential. With a strong rental history and the possibility of increasing rental income through additional development, this property offers a solid return on investment and a great opportunity for future appreciation.