Well-maintained, representative multi-family building in a prime location, suitable as an investment property and/or for personal use.

Well-maintained multi-family house in the prestigious Gründerzeit district to the east 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 a multi-family house with a beautiful, high-quality, renovated character (from 2010 to 2017). It impresses with its historical charm and solid construction, combining diverse urban flair with nature both at the house and nearby. The building spans 4 floors and comprises a total of 4 residential units, as well as a commercial unit on the ground floor, which has been used as a gallery/studio with a kitchen and guest toilet. This commercial space is approximately 90 square meters and offers versatile uses, such as an office, practice, or commercial rental space, or it could be converted 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 renovation), it is possible to create a high-quality living and working space; for example, a staircase or elevator could be installed from the 1st-floor balcony. A garden has been added to the top floor. Three of the apartments are let to reliable tenants on long-term leases, and the prime location makes it easy to re-let quickly. The utility bill calculations are straightforward, as the apartments have individual gas-powered heating systems that are registered to the tenants. The total living area of the house is approximately 360 m2, divided into 4 apartments: two on the top floor (49 and 35 m2), one on the first floor (95 m2), and one on the second floor (91 m2), plus a commercial unit on the ground floor (90 m2). Currently, 3 apartments are rented out, which can be used to cover the financing costs. The apartment on the first floor and the commercial unit on the ground floor are currently occupied by the owner and will be available for sale. You can combine attractive living and working spaces here, live with multiple generations, or rent out the properties. When fully rented out (at €10/m2), this results in an attractive yield factor of 17.5. All units have separate floor heating systems (gas, renewed in 2015). The ground floor and first-floor units are served by a heating system that was renewed in 2017. A central heating supply is planned in the city development plan, so no individual measures are necessary. Fiber optic connections are available throughout the house. Layout:
All apartments have a balcony, with 2 of them being covered. The building is fully basemented, with 2 staircases providing access. The basement can be divided in various ways. The attic, with 2 hot water tanks and storage shelves, is easily accessible. A window provides light for the hallway, and a utility shaft (approximately 3.5 square meters) offers excellent possibilities for renovation work. The windows, which are mostly very large and span entire walls, are energy-efficient plastic windows with double glazing and are largely equipped with shutters. The living areas are finished with cork flooring, solid wood parquet, tiles, or laminate. The first floor has an elaborate, environmentally 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 various years (from 2010 to 2017) and are in well-maintained condition, offering a cozy, bright atmosphere. Additional highlights of the property include a beautifully landscaped terrace with an easy-to-maintain garden and a fountain. An energy performance certificate from 2014, a consumption certificate, 181/80 kWh, energy grade F, is available for inspection. Available from: by agreement, currently without a real estate agent's commission, 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.