A high-yield investment property with no ongoing charges, offering potential for subdivision and featuring modernized apartments.

For sale is a well-maintained residential and commercial building with approximately 593 square meters of rentable space, located in the desirable area of Düsseldorf-Eller. This property offers investors a rare combination of existing rental income and short-term, versatile potential. The building comprises 8 residential units and one commercial unit. The commercial unit is currently vacant, offering the future owner various usage possibilities, including conversion into residential space. The city of Düsseldorf offers grants of up to €30,000 for the conversion of commercial space into residential space. If the commercial unit is to remain commercial, there is already interest from a prospective tenant at the rental rate specified in the rental overview. In addition, three apartments are vacant and have been completely and high-quality renovated. These apartments feature modern fitted kitchens, new laminate flooring, and partially new Schüco plastic windows with triple-glazed insulation, and can be rented out immediately at market-appropriate rates. Another significant advantage for investors is the existing certificate of completion. This creates the legal prerequisites for a later division into individual apartments. This opens up additional exit strategies for the buyer, as well as long-term potential for appreciation.

Property Details:
- Purchase Price: €1,499,000
- Type: Residential and commercial building
- Year Built: 1908
- Land Area: Approximately 334 m²
- Lettable Area: Approximately 593 m²
- 8 Residential Units
- 1 Commercial Unit
- Target Annual Net Cold Rent: Approximately €84,000
- Factor: Approximately 17.8
- No buyer's commission – direct sale from the owner.

Modernizations:
- Three apartments completely renovated to a high standard.
- Modern built-in kitchens in all renovated apartments.
- Facade renovated and repainted.
- Stairwell renovated, new vinyl flooring installed and repainted.
- Partially new Schüco plastic windows with triple glazing.
- Gas central heating (year built 2017).

Energy Performance Certificate:
- Type: Consumption certificate
- Final energy consumption: 107.0 kWh/(m²·a)
- Energy efficiency class: D
- Energy source: Natural gas
- Year of heating system: 2017. Highlights for Investors:
- Three immediately rentable, high-quality renovated apartments with new fitted kitchens.
- Vacant commercial unit with versatile potential uses.
- Funding opportunities from the city of Düsseldorf of up to €30,000 for conversion to residential space.
- Potential tenant already interested in the commercial unit.
- Attractive yield of approximately 17.8%.
- Completion certificate available.
- Extensive renovations completed.
- Excellent rental potential due to the desirable location in Düsseldorf-Eller.
- Purchase directly from the owner, without commission.

Krippstraße is located in the popular Düsseldorf district of Eller. The location benefits from excellent infrastructure, with easy access to shops, public transportation, schools, and a quick connection to Düsseldorf city center, as well as the A46 and A59 motorways. The consistently high demand for housing makes this location particularly attractive for long-term investors.