- Properties
- Nordrhein-Westfalen
- Kreis Siegen-Wittgenstein
- Siegen (Universitätsstadt)
- 5.5% yield in the first year | Fully let | Completely renovated 6-unit apartment building.
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https://www.ohne-makler.net/en/property/445060/
5.5% yield in the first year | Fully let | Completely renovated 6-unit apartment building.
Wiesenstraße 76, 57072 Siegen – Nordrhein-WestfalenGuaranteed Returns Instead of Renovation Risk
For sale is a completely renovated and fully rented 6-unit apartment building in Siegen. The buyer acquires a finished residential investment with ongoing income from day one – without any initial renovation work, without the need for initial rentals, and without development risk. The special advantage: For the first three years, the return will be additionally secured by a contractual seller subsidy:
Year 1: 5.5%
Year 2: 5.25%
Year 3: 5.0%
The property currently generates a net cold annual rental income of €51,360. The seller subsidy is a fixed amount and is clearly defined in the purchase agreement. Subsequent vacancies, rent reductions, or payment defaults will not increase the agreed subsidy. This provides the buyer with a high degree of calculational and planning certainty, especially in the initial phase. Key figures at a glance:
Purchase price: €1,100,000
Six rented apartments
Living area: approximately 322.41 m²
Monthly net cold rent: €4,280
Annual net cold rent: €51,360
Current gross rental yield: approximately 4.67%
Up to 5.5% guaranteed return
No buyer commission. Many multi-family properties require renovations, re-renting, or further investment after purchase. This property, however, is already completed, tenanted, and ready for immediate use. The buyer will receive immediate rental income and, in addition, a three-year income guarantee. After this period, the existing rental agreements can be reviewed for potential adjustments within the framework of legal, contractual, and market-standard practices. No specific future rental income is guaranteed. The building has been extensively renovated. Improvements include new building systems, windows, bathrooms, and a heating system. The property features triple-glazed windows, electric shutters, modern bathrooms, and a contemporary, environmentally friendly pellet heating system. In addition to its long-term potential as a stable investment, the property, with its six separate units, also offers the possibility of individual sales in the future. We are happy to provide further documentation, including rental agreements, floor plans, and information about the income guarantee, to serious interested parties.
Are you interested in this offer?
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Object Number
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OM-445060
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Object Class
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Apartment building or investment property
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Object Type
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Apartment building
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Handover from
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Immediately
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Purchase price & additional costs
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purchase price
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1.100.000 €
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Purchase additional costs
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approx. 84,963 €
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Total costs
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approx. 1,184,962 €
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Breakdown of Costs
* 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: 4,437€
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Details
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Condition
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First occupancy after renovation
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Year of last modernization
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2025
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Total area
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453 m²
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Other areas
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130 m²
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Net rental income (target) p.a.
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51360 €
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Net rental income (actual) p.a.
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51360 €
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Number of units
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6
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Flooring
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Tiles, Vinyl / PVC
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Heating
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Central heating
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Year of construction
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1956
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Equipment
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Balcony, Terrace, Basement, Fitted kitchen
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Infrastructure
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Pharmacy, Grocery discount, General practitioner, Kindergarten, Primary school, Secondary school, Middle school, High school, Comprehensive school, Public transport
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Location
The property is located in a central area of Siegen, on Wiesenstraße, and boasts excellent infrastructure and convenient access to everyday amenities.
The city center of Siegen and the City-Galerie shopping center are just a few minutes away, offering a wide range of shops, restaurants, and services. Essential amenities, including doctors, pharmacies, and public transportation, are located in the immediate vicinity.
A particularly noteworthy feature is the largely flat terrain, with no significant inclines. This makes the location suitable for a broad range of potential tenants, from singles and couples to families and senior citizens.
The combination of a central location, excellent accessibility, and well-established infrastructure supports consistently high residential appeal and sustainable, stable rental potential.
Location Check
Energy
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Main energy source
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Wood pellets
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Miscellaneous
Topic portals
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