Multi-family house for investment purposes in Düren.

Rare opportunity – for sale directly from owner, without real estate agent:

For sale is a well-maintained multi-family house with two entrances in Düren, ideally suited as a solid and long-term investment property. The current annual net rental income is €68,980. The property, built around 1960, comprises a total of 16 apartments with a total living area of approximately 848 m². The apartments feature functional, compact layouts, each with approximately 53 m² of living space, and all are equipped with a southwest-facing balcony and a separate storage room in the basement. Heating is provided by gas-fired central heating systems, eliminating the need for individual heating cost billing. The property also includes 19 garages and 7 outdoor parking spaces, which represent additional income streams and enhance the attractiveness for tenants. The house is in a well-maintained overall condition, with no apparent need for major repairs. Maintenance work has been carried out continuously and proactively, ensuring that the property is now presented as a reliable and stable investment. A significant advantage is the established tenant base – many long-term tenants contribute to a straightforward and stable rental relationship. The organization surrounding the property is also efficient: a dedicated property manager reliably takes care of maintenance and cleanliness, which significantly reduces administrative overhead. Overall, this is a straightforward investment property with a solid return and further development potential – ideal for investors who value stability and predictable income. Important notes:
• A report on potential soil contamination is available for the land. A report from the environmental office is also available.
• The area is located in a zone where debris from World War II may be present.
• Furthermore, the area is registered as the former location of a lead white factory.
• There are no ongoing disputes with tenants.

Modernizations / Condition:
• Windows were replaced starting around 1992.
• Apartments have been partially renovated during tenant changes.
• Gas-powered central heating systems have been partially replaced.
• A concept for the energy-efficient renovation of the heating system is available.
(Conversion to an air-water heat pump with apartment stations,
estimated cost: approximately...) €86,000 (net, generally eligible for subsidies)
• Central electrical distribution system renewed
• Noise barrier installed by Deutsche Bahn
Further rental income potential:
• The 7 currently rented parking spaces are not yet included in the current figures and offer additional income potential.
• Two of the total 19 garages are currently not rented, but are instead being used by the building superintendent as storage space. These spaces could be put back into rental use in the short term.
• The current garage rental rate is below market level. An adjustment to approximately €50 per garage per month appears realistic.
• This would result in a potential annual gross rental income of approximately €11,400 from garage rentals.
• The apartment rents within the property are currently inconsistent. An adjustment to the current highest rental level within the property would result in a potential annual net cold rent of approximately €67,200 in the short term.
• The resulting average price per square meter would be approximately €6.61/m², which is still significantly below the current market level, indicating further potential for rental increases.

The property is located in a central residential area within Düren, offering good transport links and a well-established infrastructure.
The surrounding area is characterized by simple, unassuming residential buildings and offers a reliable rental market. The proximity to the railway line provides excellent accessibility, while at the same time, it is a quiet residential area with a strong sense of community.
The city of Düren is located between the economically vibrant regions of Cologne and Aachen, and is also known as the "gateway to the Eifel region."
Excellent transport links are provided by the A4 motorway and the Düren railway station, which offers direct connections to Cologne and Aachen.
Shops, schools, doctors, and other essential services are located in the immediate vicinity and are partially within walking distance.