Commission-free! Historic building meets profitability – Rented 3.5-room apartment in Essen-Kray.

The 3.5-room apartment offered for sale is located in a well-maintained apartment building constructed in 1911, in the popular Kray district of Essen. It represents an attractive investment opportunity, particularly for investors. The building's facade is a protected historical landmark, preserving its historical character while also providing potential tax advantages through increased depreciation options. The apartment has been reliably rented for the past three years. The current tenants are interested in continuing the lease, which offers the buyer an immediate and predictable income stream with no risk of vacancy. The current monthly cold rent is €860, and the warm rent is €1,020. This results in an annual net cold rent of €10,320, and an attractive gross rental yield of currently 6.88%. The apartment is appealing due to its desirable and easily rentable 3.5-room layout, as well as a balcony that adds to the living comfort. Of particular note is the spacious and comfortable bathroom, which features both a shower and a bathtub. In addition, there are connections for a washing machine and dryer. A private cellar room provides extra storage space. The building is heated by district heating, while the hot water supply is provided by gas. The distinctive, historically protected facade gives the building a special charm and highlights the valuable character of the property.

The apartment is located in the Kray district of Essen – a well-established residential area in the east of the city, with good infrastructure and a stable demand for rental properties. The surrounding area is characterized by well-maintained apartment buildings, short distances to everyday amenities, and excellent connections to public and private transportation. Shops, supermarkets, bakeries, pharmacies, doctors' offices, and other essential services are located nearby, and some are within walking distance. Schools, kindergartens, and recreational facilities are also available in the district, making the location attractive to singles, couples, and small families. The transportation links are excellent: the nearby A40 and A52 motorways provide quick access to other cities in the Ruhr area. In addition, there are good connections to public transportation, with bus and train services to the city center of Essen and to neighboring districts. The Kray district is particularly characterized by its solid residential structure and the continuous demand for affordable housing. This creates excellent conditions for long-term stable rental income, making the property particularly attractive to investors.