*7% Rental Yield & No Commission* Renovated, fully occupied 12-unit apartment building in Ückendorf.

The two representative multi-family buildings located at Braunschweiger Straße 20 and 20a in Gelsenkirchen-Ückendorf combine the charm of a stylish older building with a building structure that has been consistently modernized in recent years. Originally built in 1901, the buildings comprise a total of 12 apartments with a gross living area of approximately 1,190 m² on a 579 m² plot. As part of a comprehensive revitalization, the buildings were continuously modernized and technically upgraded between 2014 and 2016. In addition to renovating the facades, including restoring historical stucco elements, the heating and plumbing systems were renewed, the electrical systems were modernized, water and drainage pipes were replaced, and numerous windows, entrance doors to the building, and apartment doors were replaced. Furthermore, the apartments have been continuously renovated during tenant turnovers in 2024, 2025, and 2026. Extensive maintenance and modernization work has also been carried out on the roof in recent years. Today, the property is in a well-maintained and sustainably developed condition. The characteristic architecture of the older buildings, with its meticulously restored facade, gives the complex a strong sense of identity and creates an attractive appearance. At the same time, the solid tenant base and the consistently well-maintained building offer long-term prospects for investors. The buildings are fully cellared and feature numerous ancillary spaces, including storage rooms, bicycle parking, and other communal areas. The courtyard offers additional usage possibilities and completes the overall picture of this attractive residential complex. The two multi-family buildings are currently divided into a total of 12 apartments under the German Condominium Act (WEG). The certificate of completion is already available.

The property is located in the Ückendorf district of Gelsenkirchen, one of the most historic and dynamic development areas in the southern part of the city. Braunschweiger Straße is designed as a traffic-calmed area with a playful character, offering a pleasant and quiet living environment while still providing access to urban infrastructure. Numerous shops for daily necessities, schools, kindergartens, medical facilities, and restaurants are located in the immediate vicinity. The city center of Gelsenkirchen and the main train station are easily accessible within a few minutes. Several bus and tram lines are within walking distance, ensuring good connections to public transport. Furthermore, quick connections to neighboring cities in the Ruhr area, such as Essen, Bochum, and Dortmund, are available via the nearby A40 and A42 motorways. It is particularly worth noting the proximity to the area around Bochumer Straße, which has developed into a significant urban renewal and creative hub in recent years. Thanks to significant public and private investments, numerous cultural, educational, and commercial projects have been established in the area, which sustainably enhance the entire environment and further increase the attractiveness of the neighborhood. The micro-location is already benefiting from this positive development and offers good prospects for long-term, stable demand for housing. The combination of historical buildings, a quiet residential area, and ongoing neighborhood development makes this location an attractive address for both tenants and investors.