Attractive investment opportunity in the city center of Herne. *No commission fees.*

For value-oriented investors:
Located in a central and desirable area of Herne-Mitte, we present this spacious 3-room apartment. With a living area of 83.4 m² on the ground floor, this property offers solid construction and features that are particularly sought after on the rental market: a private terrace for relaxing outdoors, as well as a private parking space directly at the building. Property Condition & Potential for Appreciation:
The apartment is in a moderate state of repair and requires some renovation. However, this presents an excellent opportunity for a strategic investor. By implementing targeted modernization measures (e.g., replacing flooring, painting, and potentially renovating the bathroom), it is possible to create a modern living space. This not only ensures long-term rental potential at a high level, but also unlocks hidden reserves for increasing the property's value. Layout & Comfort:
The layout is well-designed and flexible. Three well-proportioned rooms offer space for a variety of target groups – from couples working from home to small families. The terrace and parking space complete the offering. Another technical advantage is the private gas heating system. This individual floor heating system provides maximum transparency: Tenants enter into their own contracts with the utility provider, which minimizes your administrative burden when it comes to utility bill calculations and eliminates the risk of disputes over additional charges. Location – In the heart of Herne:
Herne Mitte is characterized by its excellent infrastructure. All essential amenities, including doctors, pharmacies, and a variety of shops, are within a few minutes' walk. The connection to public transportation and the highways of the Ruhr region is excellent, making the apartment equally attractive to commuters and those who prefer city living. Purchase price: €125,000.00 (negotiable) – No real estate agent commission! Current rent: The current base rent is €575.00 plus €25.00 for the parking space (total €600.00 per month). This equates to a base rent of approximately €6.85 per square meter. Potential: A look at the current rental index for Herne shows that for renovated apartments in comparable locations, base rents of between €7.50 and €8.50 per m² are realistically achievable. This is where your future return potential lies. Service Charges: The monthly service charges are €340.00. Of this amount, €2,220.11 can be passed on to the tenant annually. A maintenance reserve of €1,340.00 per year is allocated for long-term location security. The costs that cannot be passed on to the tenant are calculated at a pleasant €454.19 per year. Summary of Highlights:
83.4 m² on the ground floor (easily accessible and comfortable) 3 bright rooms, kitchen, hallway, bathroom
Private terrace & private parking space
Self-sufficient gas heating system (direct billing between tenant and supplier)
Central location in Herne-Mitte,
Sale without commission, directly from the owner
Conclusion:
This apartment is the ideal choice for investors looking for a property with "substance and character" and who are willing to realize an attractive increase in return through a manageable renovation. A valid energy certificate is available. I would be happy to send you further documents to convince you of the potential of this property.

Herne-Mitte is the beating heart of the city of Herne and is characterized by a lively mix of urban flair, cultural offerings and good infrastructure. In this central location, you benefit from excellent public transport connections, shopping facilities, restaurants, cafés and a wide range of leisure activities.

The city center of Herne-Mitte offers numerous stores, supermarkets and service providers, doctors, schools, etc. that make everyday life convenient. Cultural highlights such as the cultural center, theater, cinema and museums are also in the immediate vicinity and provide varied entertainment.

The surrounding area is characterized by a lively neighbourhood that offers both urban life and short distances to parks and green spaces. The central location makes Herne-Mitte particularly attractive for people who appreciate urban life and want easy access to all important facilities.

In short: Herne-Mitte combines vibrant city life with an excellent infrastructure and is therefore ideal for anyone who appreciates urban flair and short distances.