Apartment building for sale

An apartment building from 1910 with a total of four residential units in a central location in Velbert-Neviges is for sale. The property has been regularly maintained and is in a generally sound condition with a need for renovation.

The total living space is approx. 228 m² and is spread over four floors. The apartment sizes are sensibly divided: The first floor offers approx. 32 m², the apartments on the 1st and 2nd floors approx. 73 m² each and the top floor around 50 m². The floor plans are ideal for singles, couples or small families.

Three of the four apartments are currently rented out. The top floor apartment is vacant and offers the possibility of re-letting or owner-occupation after renovation. The current annual net cold rent is approx. 10,000 €. According to the local rent index, rental income of up to around €20,000 per year is realistic, so there is attractive potential for growth here.

The property is being sold for reasons of age and is ideal as an investment with long-term prospects. Due to the compact plot area of approx. 138 m², the maintenance requirements are low.

A valid energy certificate is available and can be provided on request.

Overall, this is a solid, developable investment property in a sought-after location. The house benefits from an excellent infrastructure and the central location in Velbert-Neviges - with direct bus connections on the doorstep and the train station within walking distance. The cities of Wuppertal, Essen and Düsseldorf can each be reached in around 30 minutes by train or car. Ideal for investors with vision or buyers looking for a well-maintained apartment building with potential.

The property is in a central and easily accessible location in the popular Velbert district of Neviges. The immediate surroundings are characterized by mature residential buildings, small stores and a good social mix.

The bus stop is right on the doorstep and the Velbert-Neviges S-Bahn station is just a few minutes' walk away. From there, there are direct connections to Wuppertal, Essen and Düsseldorf. All three cities can be easily reached within approx. 30 minutes by public transport or by car via the nearby A535 or A46.

All facilities for daily needs can be found in the immediate vicinity: supermarkets, bakeries, pharmacies, doctors, restaurants and cafés are just a few minutes' walk away. Kindergartens and schools are also available in the area, making the location attractive for families.

Neviges is also known for its historic town center, the popular pilgrimage cathedral of Mary, Queen of Peace, as well as beautiful green spaces and hiking trails in the Bergisches Land region. The location thus offers a successful combination of urbanity, good infrastructure and local recreation.

Overall, the location impresses with its centrality, its excellent connections and its lively yet pleasant living environment - a sought-after address for both owner-occupiers and investors