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Apartment building with 5 residential units - high-yield investment property in Essen-Altenessen

45326 Essen (Altenessen-Süd) – Nordrhein-Westfalen
405.000 €
256 m²
Living Area
162 m²
Plot Area
Private offer
Apartment building or investment property
Apartment building

For sale is a well-kept apartment building with five residential units in a central location in Essen-Altenessen. The building was originally constructed in 1903 and rebuilt after 1950. It has a full basement and is in a continuously modernized condition. The property is located only approx. 1000 m from the center of Altenessen and thus offers excellent rentability.
The total living space is approx. 256 m² on a 162 m² plot. All apartments are rented, there are no rent arrears. The property is ideal as a long-term investment.
Conclusion:
A solid, high-yield apartment building in a good location with modernized building services, well-maintained condition and reliable rental income. Ideal for investors looking for a stable long-term investment.

Are you interested in this offer?

Object Number
OM-419942
Object Class
Apartment building or investment property
Object Type
Apartment building
Handover from
By arrangement

Purchase price & additional costs

purchase price
405.000 €
Purchase additional costs
approx. 31,805 €
Total costs
approx. 436,805 €
Price per m²
1,582.00 €
Operating costs allocated p.a.
9,500 €
Non-allocatable operating costs p.a.
1,500 €

Breakdown of Costs

Purchase price 405.000 €
Real estate transfer tax 26,325 € (6.50%)
Notary costs 3,618 € (0.89%)
Land register entry 1,863 € (0.46%)
Broker commission 0€ (0%)

* Costs for notary and land register were calculated based on the fee schedule for notaries. Assumed was the notarization of the purchase at the stated purchase price and a land charge in the amount of 80% of the purchase price. Further costs may be incurred due to activities such as land charge cancellation, notary escrow account, etc. Details of notary and land registry costs

Does this property fit my budget?

Estimated monthly rate: 1,520€

More accuracy in a few seconds:

By providing some basic information, the estimated monthly rate is calculated individually for you. For this and for all other real estate offers on ohne-makler.net

Based on equity 20% of the purchase price plus the purchase incidental costs / 10 years fixed interest rate / 2% initial repayment / Effective interest rate 3.63%

Details

Condition
Well-kept
Year of last modernization
2023
Number of floors
3
Total area
256 m²
Net rental income (target) p.a.
25300 €
Net rental income (actual) p.a.
25300 €
X-times rental income
16.00
Number of units
5
Flooring
Laminate, Tiles, Vinyl / PVC
Heating
Central heating
Year of construction
1903
Equipment
Basement, Shower bath
Infrastructure
Pharmacy, Grocery discount, General practitioner, Kindergarten, Primary school, Secondary school, Middle school, Comprehensive school, Public transport

Information on equipment

Equipment & modernizations
- Vaillant gas condensing boiler (built 2007)
- New heat exchanger in 2025
- All sub-distributions have been renewed in the last 5 years
- Plastic windows with double glazing
- Successive modernization of the apartments
- 3 out of 5 bathrooms completely renovated (modern shower baths)
- Well-maintained overall condition
- Full basement
Further information on request.

Location

The house is located in Essen-Altenessen on Stauderstr. Shopping facilities, public transport, doctors, schools and all facilities for daily needs are within walking distance. The proximity to the center of Altenessen (approx. 1000 m) ensures a permanently high demand for living space. Bus stop approx. 20m from the house.

Location Check

Shopping
Public Transport
Sports
Health
Eating Out
Nature
Culture
Child Friendliness
Nightlife

Energy

Final energy consumption
131.80 kWh/(m²a)
Energy efficiency class
D
Energy certificate type
Consumption certificate
Main energy source
Gas

PDF

Miscellaneous

Key economic figures
- Annual net cold rent: approx. € 25,300
- Gross rental yield: approx. 6.25%
- Net rental yield: approx. 5.0 % (at 20 % cost approach)
- Factor: approx. 16.0
- Purchase price: € 405,000
The property offers a stable tenant structure and an attractive ratio between purchase price and income.

Broker inquiries not welcome! According to § 7 UWG, unsolicited contact by brokers without the express consent of the recipient is prohibited!

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Offer from: Dieter Caspers