Investment property in Holthausen: 3-room apartment for rent, private sale, yield factor of 22.7.

Rented 3-room apartment in Düsseldorf-Holthausen – a solid investment property, offered directly by the owner, with no commission.

KEY FACTS
This 3-room apartment (built in 1960), with approximately 77 m² of living space, located on the 2nd floor, is ideally suited as an investment property. It generates a stable cash flow from day one, with no risk of vacancy. The current net rent is €840 per month (€10,080 per year), which, with a purchase price of €229,000, translates to a gross rental yield of approximately 4.4% and a price-to-rent ratio of approximately 22.7. The apartment is currently rented at €10.91 per m², while the average rental rates in Holthausen are already higher.

MAINTENANCE
The apartment building is continuously and proactively maintained. In recent years, several property-enhancing modernization measures have been implemented, including balcony renovations on other buildings in the complex, as well as a roof replacement. An active and proactive homeowners' association is an important quality feature for investors, as it avoids deferred maintenance and secures the long-term value of the property. The maintenance reserve is correspondingly modest, which is a logical consequence of this consistent focus on preserving value: Instead of accumulating capital over the years, it has been purposefully invested in the building's infrastructure. Now, the remaining balconies are to be renovated. It's important to note that the costs associated with these renovations are fully borne by the previous owner – you will acquire the apartment without any outstanding liabilities from these improvements. OPTION: PRIVATE GARAGE
Additionally, a separate private garage (with its own land registry entry, currently rented for €65 per month) can be purchased for €20,000. FURTHER INFORMATION
This property is being sold directly by the owner, without commission. Viewings are by appointment only, as the apartment is currently occupied. Complete documentation (service charge statements, declaration of ownership, meeting minutes) will be provided to serious interested parties.

Located at Bahlenstraße 146, 40589 Düsseldorf-Holthausen, this property is situated in a quiet, traffic-calmed residential area with excellent public transportation links (subway, commuter train, bus) and easy access to the A46 and A3 motorways. Shopping facilities, restaurants, doctors' offices, a daycare center, and an elementary school are all within walking distance, and the Elbroichpark is located nearby. The proximity to major employers in southern Düsseldorf (including Henkel and the industrial park) ensures a consistent demand for rental properties.