Multi-family house with a 7.7% yield – fully rented.

For sale is a multi-family house, fully rented, located in Mönchengladbach-Odenkirchen (41199). Built around 1906, the property offers approximately 200 square meters of living space on a plot of approximately 404 square meters, presenting an interesting investment opportunity. The multi-family house comprises three residential units. The ground floor is divided into two separate living areas, each rented out individually. This currently results in a total of four separate rental agreements and corresponding rental income.

DETAILS:
Ground floor – Living area 1, approximately 45 m²
• 1 room
• Kitchen
• Bathroom
Ground floor – Living area 2 / Duplex, approximately 55 m²
• 2 rooms
• Kitchen
• Bathroom
1st floor – approximately 50 m²
• 2 rooms
• Kitchen
• Bathroom
2nd floor – approximately 50 m²
• 2 rooms
• Kitchen
• Bathroom
In addition, the attic space offers approximately 25 m², providing further potential for development or utilization. The possibility of expanding the living space is subject to obtaining the necessary permits.

RENTAL INCOME:
The current total monthly cold rent is €1,985. Annual cold rent: €23,820. With a purchase price of €309,000, this represents a gross rental yield of approximately 7.7%. In one of the long-standing tenancy agreements, there is additional potential for rental increases within the legal framework, due to the currently relatively low rent. The property will be sold with all units fully let. The sale is being conducted directly by the owner, and there are no commission fees for the buyer. Further information and documents regarding the property, as well as details of the existing tenancy agreements, can be provided to seriously interested buyers. Viewings are possible by prior appointment.

The property is located in Mönchengladbach-Odenkirchen (41199).

Odenkirchen is a well-established district of Mönchengladbach with excellent infrastructure. Shopping facilities, schools, kindergartens, doctors, and other amenities are located in the immediate vicinity.

There is good access to public transportation. The surrounding districts, as well as the regional and national road network, are also easily accessible.

The garden area at the rear of the property offers residents additional space for relaxation and recreation.