Investment property with potential for return.

For sale: a tenanted building with 6 units, located in a central downtown area of Emmerich am Rhein.

This terraced house, located at Steinstraße 54, is situated at the end of the pedestrian zone in the Lower Rhine Hanseatic city of Emmerich am Rhein. Built in 1962, the property sits on a 175 m² plot and offers a total living and utility area of approximately 249.7 m², divided into four residential units and two commercial units. Here's a breakdown of the areas for each of the six units:

Ground floor left (commercial/office): 52.9 m²
Ground floor right (commercial/office): 24.5 m²
1st floor left (apartment): 45.0 m² (currently vacant)
1st floor right (apartment): 41.3 m²
2nd floor left (apartment): 44.7 m²
2nd floor right (apartment): 41.3 m²

The ground floor contains two tenanted commercial units, currently used as sales offices. The two upper floors contain four compact two-room apartments, three of which are currently tenanted. The attic has two rooms that have been converted and are used for storage, as well as an unrenovated storage space – offering potential for an additional residential unit or expansion of the existing areas. The building is fully basemented. The basement includes a bicycle storage room that also serves as a laundry room, a toilet, and five storage compartments assigned to individual tenants. A small courtyard is also accessible from the basement. The current base rent for all six units amounts to approximately €1,816.78 per month, or about €21,800 per year. This property is therefore particularly suitable for investors looking for a residential and commercial building that is almost fully let, with stable rental income, a prime city center location, and development potential in the attic. There is already potential for improvement in the vacant apartment and in the attic space. The building was constructed with solid materials and features a brick facade, a pitched roof with clay tiles, and concrete floors. Due to its age, some areas require modernization, which also presents an attractive opportunity for the new owner to increase the property's value.

The property at Steinstraße 54 is located in the historic city center of Emmerich am Rhein, a Lower Rhine Hanseatic city with approximately 31,000 inhabitants, situated directly on the border with the Netherlands. Steinstraße is one of the oldest streets in the city center. Nearby are protected historic buildings dating back to the 17th century, as well as the historic market square with the reconstructed town hall. Its location at the end of the pedestrian zone ensures high foot traffic, making the property particularly attractive for commercial units located on the ground floor. Numerous shops, cafes, banks, doctors, and other service providers in the Emmerich city center are within a few minutes' walk. Just a short walk away is the approximately one-kilometer-long Rhine promenade, with its popular restaurant row, the Rhine Park, and a clear view of the Rhine Bridge, known as the "Golden Gate of the Lower Rhine," Germany's longest suspension bridge. The late Gothic St. Aldegundis Church and the Romanesque St. Martini Church, two of the city's landmarks, are also within walking distance. Emmerich am Rhein enjoys excellent transport links: the town is located directly on the A3 motorway, with connections to the Ruhr area and the Netherlands, and is connected to cities including Arnhem, Oberhausen, and the Rhineland via the RE 19 railway line. Weeze Airport (NRN) is also easily accessible, located approximately 37 km away. Due to its proximity to the Dutch border and its inclusion in the Euregio Rhein-Waal, Emmerich is an attractive location for both residential and commercial purposes – an environment that positively impacts the rental potential of both apartments and commercial units in this property. An additional advantage for landlords is the proximity to the university town of Kleve, which is only about 13 km (approximately 12 minutes by car or 20 minutes by direct bus) away. The Rhine-Waal University of Applied Sciences is located there, with over 7,300 students from more than 120 countries currently enrolled – many degree programs are taught in English, which explains the high proportion of international students. As the university itself is actively seeking housing for its students throughout the surrounding area, including specifically in Emmerich, and the housing market around Kleve is under pressure due to the significant increase in student numbers, these compact two-room apartments offer an additional and stable rental potential to students, commuters, and international university staff. Furthermore, the city center of Emmerich has been largely modernized and improved in recent years, particularly along the Rhine promenade, Kaßstraße, and Steinstraße.