House for sale in alten Bruch 25 47259 Duisburg - Nordrhein-Westfalen, Germany

• Bad 3
• Balkone 0
• Terrassen 1
• Garage/Stellplätze 2
• Keller

Property Description Development potential property - 3-family house - on 1,162 sqm in a very good location. Priced at a bargain for €679,000, negotiable. The current owner resides in Southern Germany and is looking to sell due to the distance from the property. All residential units are fully rented out to reliable and solvent tenants for many years. The achievable rents based on the current rental index have not been maximized, as the current owner has only increased the rent once in the past 10 years. Achievable rent in view of the excellent location in Duisburg Huckingen realistically stands at €10 per sqm. This would then result in a potential monthly rent of €2,920 for a total of €35,040 annually for a 292 sqm unit. Each apartment comes with its own lockable cellar. The garden adjacent to the rear building is for the exclusive use of the ground floor unit. The property has no current repair backlog, so the house is well-maintained and in good condition for its age. Thoughts on Pricing The price of €679,000 for this property presents a great investment opportunity, especially considering the potential rental income that can be achieved with some adjustments. With the property already fully rented out and in good condition, this could be a lucrative investment for the right buyer looking to capitalize on the rental market in the area.