- Immobilien
- 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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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 occupied 6-unit apartment building in Siegen. The buyer acquires a finished residential investment with ongoing income from day one – without any initial renovation, first-time rentals, or development risk. The special advantage: For the first three years, the return will be additionally secured by a seller-guaranteed supplement, as stipulated in the contract:
Year 1: 5.5%
Year 2: 5.25%
Year 3: 5.0%
The property currently generates an annual net cold rent of €51,360. The difference between the actual rent and the guaranteed return will be covered by the seller. This provides the buyer with a high degree of calculability and planning certainty, especially in the initial phase. Key figures at a glance:
Purchase price: €1,100,000
Six rented apartments
Living space: 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 homes require renovations, new rentals, or further investments after purchase. This property is already completed, tenanted, and generating income. The buyer will immediately receive rental income, as well as a three-year income guarantee. After this period, the existing lease agreements can be reviewed for potential adjustments within the legal, contractual, and market-standard frameworks. No specific future rental rates are guaranteed. The building has been extensively renovated. This includes the replacement of building systems, windows, bathrooms, and the heating system. The features include triple-glazed windows, electric blinds, modern bathrooms, and a contemporary, environmentally friendly pellet heating system. In addition to long-term ownership, the property, with its six separate residential units, also offers the potential for future individual sales. We are happy to provide further documentation, lease agreements, floor plans, and information regarding 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: 4,187€
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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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