1-room apartment/flat, holiday apartment, Brilon.

Key facts at a glance:

Purchase price: €35,000
Living space: approximately 31 m² (€1129 per m²)
Number of rooms: 1
Floor: 2nd floor
Year of construction: 1975
Windows: Replaced in 2022
Includes balcony + cellar
Currently rented: Yes, rented since 2020 on a long-term basis
Monthly rent (cold rent): €270
Annual rent (cold rent): €3,240
Gross rental yield: approximately 9.5%
No buyer's commission
Also suitable as a holiday apartment
Address: Rübezahlweg 38, 59929 Brilon

Investment property with a rental yield of almost 10%:
Attractive, long-term rented 1-room apartment in Brilon-Gudenhagen-Petersborn, offering an interesting investment opportunity with a low entry price.

The apartment has approximately 31 m² of living space and is located on the 2nd floor of a multi-family building built in 1975.

The apartment has been continuously rented since 2020 to a satisfied and reliable tenant who feels comfortable in the apartment, would like to continue living there, and pays the rent regularly and on time.

With a monthly cold rent of €270, the annual cold rent income is €3,240. Based on the purchase price of only €35,000, this corresponds to a gross rental yield of approximately 9.3%, and thus almost 10%.

The 1-room apartment, with approximately 31 square meters of living space, is located on the 3rd floor of a multi-family building in Brilon-Gudenhagen-Petersborn.
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The apartment currently requires renovation and offers the future owner the long-term opportunity to upgrade and modernize the unit according to their own preferences.

A positive aspect is that the windows were replaced in 2022.

Despite the need for renovation, the apartment has been reliably rented since 2020. The current tenant is happy there and would like to continue the lease agreement long-term. This means that an investor will immediately receive ongoing rental income after the purchase, without having to search for a new tenant first.