Solid investment opportunity with a 5.6% return, including a certificate of completion. No commission fees.

All the apartments were built as 2-room units and feature a hallway, storage room, kitchen, bathroom, living room, bedroom, and a balcony. Additionally, there is a basement storage space and a parking space for a car. Two ground-floor apartments have a terrace with a garden. Apartment No. 5 on the first floor and Apartment No. 8 in the attic each have three balconies.

Since the initial rental period in July 2016, all apartments have been fully occupied for 12 months each year. I have already submitted the application for a certificate of completion to the relevant building authority in Neuwied. Two tenants who currently reside in the building have already expressed interest in purchasing an apartment. Based on a price analysis of comparable properties within a 10 km radius of Bad Hönningen, the apartments can be offered for sale at an average price of €2,500 per square meter, plus €10,000 for a parking space and €15,000 for a carport parking space. Total value of the property: The property has 557 square meters at €2,500/square meter = €1,392,500 + €45,000 (3 carport parking spaces x €15,000) + €50,000 (5 parking spaces x €10,000) = €1,487,500.

The property is located in Bad Hönningen. Several bus lines and train lines are within walking distance. There are several restaurants, bakeries, supermarkets, and cafes nearby. Various green spaces, parks, fitness studios, bars, a bookstore, and a clothing store are also easily accessible on foot. Further away, you will find additional shopping options and kindergartens. Furthermore, a good healthcare system and a wide range of leisure activities are available in the surrounding area.