- Properties
- Nordrhein-Westfalen
- Kreis Wuppertal
- Wuppertal
- Top-renovated shared apartment with an open-plan living and kitchen area.
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Top-renovated shared apartment with an open-plan living and kitchen area.
42119 Wuppertal (Elberfeld) – Nordrhein-WestfalenAttractive investment property with a proven shared accommodation concept.
This bright and completely renovated apartment in a historic building, located on the 3rd floor, offers approximately 65 square meters of living space and combines attractive rental income, a central location, and long-term development potential. The apartment is located on Malzstraße in the popular Elberfeld district of Wuppertal – just a few minutes' walk from the main train station and in close proximity to the Bergische University. Currently, the apartment is successfully rented as a shared accommodation, offering an established and flexible rental concept.
Apartment – completely renovated and flooded with light.
The apartment on the 3rd floor was extensively renovated at the end of 2024 and is in a modern, well-maintained condition. Thanks to its east-west orientation, the rooms benefit from plenty of natural light throughout the day. The apartment features two large, bright rooms, each approximately 15-18 square meters in size, and finished with high-quality laminate flooring. The spacious bathroom has a window and modern wall and floor tiles. A special highlight is the modern, open-plan kitchen with a view of the green communal garden. The fitted kitchen, which was renovated at the end of 2024 and includes a dishwasher, is of high quality and is already fully integrated into the apartment. In addition, there is undeveloped space in the attic, which offers further long-term potential. At a Glance – Property & Key Figures:
• Orientation: East-West
• Last major renovation of the building: Roof renovation in 2018
• Annual total rental income: €8,616
• Current reserves of the homeowners' association: approximately €59,600
The combination of an active homeowners' association, a reserve base that is above average, and technical improvements that have already been implemented creates a solid foundation for the long-term preservation of the property's value. Watch the video tour! Simply scan the QR code.
Are you interested in this apartment?
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Object Number
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OM-488102
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Object Class
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Apartment
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Object Type
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Apartment
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Is occupied
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Occupied
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Handover from
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Immediately
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Purchase price & additional costs
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purchase price
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159.000 €
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Purchase additional costs
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approx. 12,983 €
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Total costs
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approx. 171,982 €
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HOA fee
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236 €
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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
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Estimated monthly rate: 654€
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Details
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Condition
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Rehabilitated
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Number of floors
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3
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Level
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3rd floor
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Usable area
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66 m²
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Bathrooms (number)
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1
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Bedrooms (number)
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2
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Flooring
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Laminate, Tiles
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Heating
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Floor heating
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Year of construction
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1960
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Equipment
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Garden, Basement, Full bath, Fitted kitchen
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Infrastructure
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Pharmacy, Grocery discount, General practitioner, Kindergarten, Primary school, High school, Public transport
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Information on equipment
Conclusion:
This property offers investors an interesting combination of a central location near the university, a fully renovated condition, an established student rental history, and long-term development potential.
The well-maintained building, the solid reserve fund, the recent roof renovations, and the professional management all contribute to reducing ongoing administrative burdens. At the same time, the property offers attractive prospects through its current rental income and the potential for future rent adjustments.
This is an interesting investment opportunity for investors who value a well-rentable property in a central location in Wuppertal and a straightforward rental concept.
Location
Prime location between the university, main train station, and city center.
Malzstraße 23 is centrally located yet pleasantly quiet in the Elberfeld district of Wuppertal.
The Wuppertal main train station is just a few minutes' walk away. The Bergische Universität Wuppertal is also very close by and can be reached on foot in approximately 10-15 minutes. This location is therefore particularly suitable for renting to students and working professionals.
The city center, with its pedestrian zone, shops, cafes, and restaurants, is also easily accessible on foot. Cultural attractions such as the Von der Heydt Museum and other facilities in the city center complement the urban environment.
Thanks to the nearby bus stops and the Wuppertal suspended railway, public transportation is also excellent. Furthermore, the A46 and A1 motorways provide a quick connection to the surrounding cities and the regional transport network.
Despite its central location, Malzstraße offers a pleasant living environment away from the main traffic routes. Green spaces and recreational areas in the vicinity create an attractive contrast to the urban environment.
Location Check
Energy
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Energy efficiency class
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D
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Energy certificate type
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Demand certificate
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Main energy source
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Gas
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Final energy demand
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211.00 kWh/(m²a)
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Miscellaneous
Topic portals
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