Representative, renovated multi-family building with office space, suitable as an investment property or for personal use, located in a prime location.

Well-maintained apartment building in the prestigious Gründerzeit district of Mönchengladbach, renovated, suitable for investment and/or personal use, such as the main floor with the office space on the ground floor, featuring a kitchen and a beautiful garden with a terrace.

For sale is an apartment building with a charming, high-quality character, renovated between 2010 and 2017. It impresses with its historical charm and solid construction, combining a vibrant urban atmosphere with nature both at the property and nearby. The building spans 4 floors and comprises 4 apartments, as well as a commercial space on the ground floor, which was previously used as a gallery/studio with a kitchen and guest toilet. This commercial space is approximately 90 square meters and offers versatile usage options, including as an office, practice, for commercial rental, or conversion into a residential unit (with barrier-free access, and eligible for current funding programs). In combination with the apartment on the 1st floor (owner-occupied since the renovation), it is possible to create a high-quality living and working space; for example, a staircase or elevator could be added from the 1st-floor balcony. An open-air area has been added to the terrace. Three residential units are let to reliable tenants on long-term leases, and the excellent location makes re-letting straightforward. The utility bill reconciliation is simple, as there are gas-powered heating systems in each apartment, registered to the tenants. The total rentable area of the building is approximately 360 m2, divided into 4 apartments: two on the 3rd floor (49 m2 and 35 m2), one on the 1st floor (95 m2), one on the 2nd floor (91 m2), and a commercial unit on the ground floor (90 m2). Currently, 3 apartments are let, which can be used to cover the financing costs. The apartment on the 1st floor and the commercial unit on the ground floor are currently occupied by the owner and will be available upon sale. You can combine attractive living and working spaces here, live with multiple generations, or rent out the units. When fully let (at a rate of €10/m2), this results in an interesting return factor of 17.5. All units have separate floor heating systems (gas, renovated in 2015). The ground floor and 1st floor are heated by a central heating system, which was renovated in 2017. A central heating supply is planned in the urban development plan, so no individual measures are necessary. Fiber optic connections are available throughout the building. Layout:
All apartments have a balcony, with 2 of them being covered. The building is fully basemented with 2 staircases. The basement can be divided in various ways. The attic, with 2 heating systems and storage shelves, is easily accessible. A window provides light to the hallway, and a utility shaft (approximately 3.5 square meters) offers excellent possibilities for renovation work. The windows, mostly very large and spanning entire walls, are thermally insulated plastic windows with double glazing, and most of them have roller shutters. The living areas are fitted with cork flooring, solid wood parquet flooring, tiles, or laminate flooring. The first floor has an elaborate, eco-friendly fine plaster finish with multiple layers of sealant. The ground floor has white fine plaster almost everywhere. Currently, 3 apartments, one of which is furnished, are rented out for a monthly cold rent of €1610.00, with the potential for market adjustments. The apartments have been renovated in different years (from 2010 to 2017) and are in good condition, offering a comfortable and bright atmosphere. Additional highlights of the property include a beautifully landscaped terrace with a low-maintenance garden and a fountain. The energy certificate from 2014, a consumption certificate, showing 181/80 kWh, energy class F, is available for inspection. Available from: by agreement, currently without any real estate agent fees, as it is a direct sale.

Location:
Historic, prestigious patrician houses are clustered around the beautiful Schillerplatz. Cafés, restaurants, and everything you need for daily life are within walking distance. The area is quiet, yet conveniently located near the city center, with the Minto shopping center, the train station, the newly renovated library, various types of schools, and the Eicken district, known for its charming pedestrian zone, the Aretzplätzken, historical reminders of Borussia, an ice cream parlor, a weekly market, restaurants, supermarkets/discount stores, and kindergartens.
Ideal: Peaceful living, while still being in the heart of the city and enjoying excellent mobility. The garden side offers very quiet sleeping, and the street, although moderately busy, has resident parking. The "Bunte Garten" park, with its abundance of nature, is located nearby, along with tennis and sports clubs. The nearby recreational areas of Nette and Schwalmtal, Düsseldorf (S-Bahn), and other cities in the surrounding area offer a very high quality of life. Thanks to the nearby train station, commuters are excellently connected to the surrounding area.

Whether for investment purposes or partial personal use, this well-maintained property offers a rare opportunity with numerous possibilities in a central location, within a well-established residential area in the popular Gründerzeit-Ost district.