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Well-maintained apartment building in Gelsenkirchen, comprising 8 apartments.
45888 Gelsenkirchen – Nordrhein-WestfalenFor sale is a well-maintained multi-family house located in Gelsenkirchen-Bulmke-Hüllen. The property is in excellent technical and visual condition and has been consistently maintained and modernized.
Of particular note is the recently renovated roof, as well as the modern hybrid heating system with heat pump technology, which contributes to excellent energy efficiency. The bathrooms have been gradually modernized in recent years and are in a contemporary condition.
This property is suitable for both investors and those who value a solid building stock with manageable maintenance costs.
Are you interested in this offer?
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Object Number
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OM-465762
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Object Class
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Apartment building or investment property
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Object Type
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Apartment building
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Handover from
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By arrangement
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Purchase price & additional costs
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purchase price
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750.000 €
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Purchase additional costs
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approx. 58,497 €
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Total costs
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approx. 808,497 €
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Price per m²
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1,250.00 €
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Breakdown of Costs
* Costs for notary and land register were calculated based on the fee schedule for notaries. Assumed was the notarization of the purchase at the stated purchase price and a land charge in the amount of 80% of the purchase price. Further costs may be incurred due to activities such as land charge cancellation, notary escrow account, etc. Details of notary and land registry costs
Does this property fit my budget?
Estimated monthly rate: 2,780€
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Details
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Condition
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Well-kept
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Year of last modernization
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2026
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Total area
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600 m²
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Net rental income (target) p.a.
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50400 €
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Net rental income (actual) p.a.
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45000 €
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X-times rental income
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16.60
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Number of units
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8
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Heating
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Central heating
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Year of construction
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1955
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Information on equipment
- Renovated roof
- Modern hybrid heating system with heat pump
- Good energy efficiency
- Regularly modernized bathrooms
- Well-maintained overall condition
- Regular maintenance work
- Solid construction
- Attractive residential location in Gelsenkirchen-Bulmke-Hüllen
Location
The property is located in the Bulmke-Hüllen district of Gelsenkirchen. Its location benefits from excellent infrastructure and convenient access to shops, schools, nurseries, and public transportation.
The property is well-connected to the surrounding cities of the Ruhr region via nearby motorways and federal roads. The location offers consistently strong demand for housing, making it an attractive investment opportunity.
Location Check
Energy
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Main energy source
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Air/water heat
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Miscellaneous
Potential for Rent Increases:
The modernization measures carried out in recent years have, to date, largely not been reflected in the existing rental rates. Consequently, the potential buyer benefits from an attractive opportunity to increase rents within the framework of legal regulations. In addition to a solid existing return, the property offers further potential for growth through adjusting the rents to current market levels.
Broker inquiries not welcome! According to § 7 UWG, unsolicited contact by brokers without the express consent of the recipient is prohibited!
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