Excellent investment opportunity in Hagen!

You have the opportunity to purchase a semi-detached house in the Altenhagen district of Hagen, either for personal use or as an investment property. Both buildings can be used as residential properties and have a shared entrance that leads to the courtyard or garden. There is also a workshop of approximately 42 m² that can be used for various purposes – such as a hobby room, party room, or additional storage space. One of the houses has a unique feature: the ground floor is completely barrier-free and therefore suitable for wheelchair users. The facade, roof, and basement are in very good condition. Renovation work has already been carried out inside, and further units are currently being renovated. The property consists of a total of seven residential units. Currently, three apartments are occupied, while the remaining units are undergoing renovation. However, lease agreements are already in place for all apartments, ensuring that they will be fully rented out upon completion of the work. During the renovations, the apartments have been renovated to be functional and suitable for rental purposes. These works include the installation of laminate flooring, wallpapering and painting with textured wallpaper, and, in some cases, the replacement of tiles and bathrooms. The measures are consciously carried out to a solid, economical standard that ensures sustainable rental potential without incurring excessive investment costs. The property therefore offers an attractive development potential for investors: The already initiated and largely secured rentals, as well as the ongoing renovation work, allow for the generation of a stable cash flow in the short term, and a potential increase in value in the medium term. The property is heated by a combination of gas-powered individual heating units (boilers) and a gas-powered central heating system in the second building.

The property is located on Schmale Strasse in Hagen Altenhagen, just a few minutes from the city center. The surrounding area is characterized by well-kept residential buildings with apartment buildings, smaller commercial units and various service companies.
Thanks to its central location, all facilities for daily needs are within easy reach. Supermarkets, bakeries, pharmacies, schools and kindergartens are in the immediate vicinity. The city center with further shopping facilities, restaurants and cultural offerings is also just a five-minute drive away.
The transport connections are excellent. Hagen's main train station is only around 500 meters away and offers optimal connections to Dortmund, Wuppertal and Düsseldorf. Several bus lines run in the immediate vicinity, ensuring excellent accessibility even without a car. Drivers can reach the A1, A45 and A46 highways in just a few minutes.
Despite its proximity to the city center, the location boasts a quiet, mature residential environment. Green spaces and small parks in the surrounding area offer space for recreation and leisure.
Overall, Schmale Strasse offers an attractive and convenient location, ideal for residential, office or small commercial units with an urban character and very good infrastructure.