Attractive investment opportunity: Well-maintained apartment building with 4 units, parking spaces, and potential for further development.

For sale is a well-maintained and continuously modernized multi-family house in a central location in 58809 Neuenrade, with a total living area of approximately 392 m². The property consists of a main building with three apartments, as well as an attached extension with an additional apartment. All units are currently rented and already generate stable, ongoing rental income. Due to the combination of a solid building structure, ongoing maintenance, extensive modernization, and further potential for rent increases, the property is an excellent long-term investment.

Layout and current rental income:

Main building:
Ground floor:
- Living area: approximately 81 m²
- Cold rent: 473 € / month
1st floor:
- Living area: approximately 79 m²
- Rented to a corporate client for accommodating construction workers
- Cold rent: 1,650 € / month
Attic:
- Living area: approximately 77 m²
- Cold rent: 543 € / month
Extension:
- Living area: approximately 155 m²
- Cold rent: 980 € / month
The total current cold rent is:
3,646 € / month
43,752 € / year
A unique feature is the rental of the 1st floor to a corporate client. The upper floor is occupied by a company that uses it to house its technicians. This special rental arrangement generates above-average rental income and has already been successfully established. If the new owner is interested, we can provide support in continuing this rental model. We have numerous contacts with corporate clients and similar rental arrangements, and we are happy to assist if needed. Furthermore, there is additional potential for increasing rental income, as the current rents are not yet at the upper end of the market.

The property is located in a central area of 58809 Neuenrade.

The building is situated directly on one of the main traffic routes of the town, benefiting from excellent accessibility and short distances to all essential amenities.

Shops, supermarkets, bakeries, doctors, pharmacies, schools, kindergartens, and other services are all within walking distance. A bus stop is also located directly across the street, providing good access to public transportation.

The central location makes the property attractive to both traditional tenants and commuters, as well as those working on temporary assignments. Nearby cities such as Iserlohn, Balve, Werdohl, Plettenberg, and Lüdenscheid are easily accessible. Furthermore, the town of Neuenrade itself offers many job opportunities thanks to its thriving industrial area.

The combination of a central location, excellent infrastructure, and stable rental demand makes this property an attractive investment opportunity with the potential for long-term rental income.