6-unit apartment building with 5 garages in Dortmund - €52,220 annual rent - Potential for rent increases.

This high-quality multi-family house, featuring six apartments and five garages, is located in a desirable residential area of Dortmund-Wickede and offers a rare combination of a solid foundation, already completed renovations, and further potential for rent increases. The building was constructed in 1970 and has a total living area of 387.88 m². The apartment sizes, ranging from approximately 60 m² to 67 m², precisely match the currently highly sought-after market segment for singles, couples, and small families. The apartments predominantly feature attractive layouts with balconies or loggias, and spacious basement storage areas. Upon entering, a well-maintained overall impression is created by the new front door, new apartment entrance doors, new stairwell windows, a high-quality mail system, and modern LED lighting in the stairwell. Of particular note is the completely renovated apartment on the first floor, located on the left side. Here, new flooring, new wall finishes, and a modern bathroom have been installed. The apartment was subsequently re-let at a significantly higher market rent, demonstrating the building's considerable rental potential. The apartment on the right-hand side of the top floor is currently vacant, offering the buyer the opportunity to re-let it at market rates. In addition, the ground floor apartment on the left-hand side will soon become available. A rental guarantee is offered for this apartment, based on a new letting at a rate of €13.30 per square meter. The apartment on the right-hand side of the ground floor has direct access to the garden, providing an exceptionally attractive living environment. The well-maintained grounds, including garden areas, a barbecue area, and a garage courtyard, enhance the overall positive impression of the property. Modernizations and Investments:
Numerous improvements have already been made in recent months:
New entrance door to the building
New entrance doors to the apartments
New windows in the stairwell
New mailboxes
LED lighting in the stairwell
New balcony railings
New sectional garage doors from Hörmann for all garages
Facade improvements
Extensive renovation of the apartment on the 1st floor. Upper floor, left side
Maintenance and improvement of the exterior grounds
Central satellite system
For the buyer, this means: Many costly measures have already been implemented. Rental situation and development potential
The current rental situation offers both stable income and further potential. Unit - Cold Rent
Ground floor, left (rent guarantee) €877.80
Ground floor, right €341.55
1st floor, left €890.00
1st floor, right €341.55
Attic, left €500.00
Attic, right (new rental) €800.79
Total apartment rent: €3,751.69 per month
Garages
Unit - Rent
Garage 1 €120.00
Garage 2 €100.00
Garage 3 €100.00
Garage 4 (rent subsidy) €100.00
Garage 5 (rent subsidy) €100.00
Total garage rent: €520.00 per month
Parking spaces
2 parking spaces at €40.00 per month
Total parking space rent: €80.00 per month
Total income
Monthly target rent: €4,351.69
Annual net cold rent: €52,220.28
The recent new rental in the 1st floor clearly demonstrates the potential within the remaining apartments. Several long-term leases are significantly below the current market level. This presents a rare opportunity for investors to acquire an already optimized property with further potential for rent increases.

The property is located in Dortmund-Wickede, a popular and well-established district in the eastern part of Dortmund.

Shopping facilities, doctors, pharmacies, schools, and kindergartens are all located nearby. The Wickeder Hellweg offers excellent local amenities.

Public transportation links are excellent. A tram line, bus routes, and the S-Bahn (suburban train) provide quick connections to the city center of Dortmund and towards Unna.

The A1, A44, and B1 motorways are also easily accessible within a few minutes. Dortmund Airport is also located a short distance away.