No commission: 6% return, renovated, and with 2 balconies – Apartment suitable for self-occupation or as an investment property.

For sale is this bright 3-room apartment with approximately 68 square meters of living space, located at Robertstraße 58 in Dortmund. The apartment is vacant, being renovated, and will be delivered with newly installed vinyl flooring. This means that whoever buys it can move in immediately, or rent it out from day one. There's no waiting for a tenant turnover, and no existing obligations from a current lease. The layout consists of three rooms, a kitchen, and a bathroom. Thanks to the large windows, the entire apartment is flooded with light throughout the day. A special feature is the two balconies/loggias, accessible from the kitchen and the other rooms. They provide an outdoor space on two sides of the apartment, which is rare in this size and price range (please refer to the attached floor plan for the exact layout). A private storage room in the basement is included, offering additional storage space. The gas central heating system in the building has been completely renewed. This offers buyers not only comfort, but also peace of mind: One of the most significant renovation projects typically required in multi-family buildings of this era in the coming years has already been completed and is included in the purchase price – technically, you are up-to-date. For owner-occupiers, it's a renovated apartment with two balconies, ready to move into, at a price that offers few comparable new-build alternatives in Dortmund. For investors, it's a unit that can almost cover its costs with a realistic rental income. The sale is commission-free, directly from the owner – you save on additional real estate agent fees. Here's an example calculation for investors:
Purchase price: €145,000
Additional purchase costs: €11,500
Total investment: €156,500
Equity: €35,000
Loan: €121,500
Interest rate 4.3% per annum: €435.38 / month
Repayment 1.5% per annum: €151.88 / month
Total annuity: €587.25 / month
Rental income (€9.50/m² x 68.33 m²): €649.14 / month
Cash flow before taxes: approximately +€62 / month
Tax effect (example with a 42% tax rate):
Depreciation based on a proven remaining useful life of 20 years = 5% per annum on the building share (assuming 80% = €116,000) = €5,800 / year. Rent: €7,790 - Interest: €5,225 - Depreciation: €5,800 = Tax benefit: €3,235 / year
Tax savings: approximately €1,360 / year = approximately €113 / month
Net cash flow after taxes: approximately +€175 / month
The tenant pays the financing and principal repayment of approximately €1,800 / year, building equity. Gross rental yield: 5.5% plus property appreciation.
Property appreciation at 2% per annum:
After 5 years: approximately €160,100
After 10 years: approximately €176,750
Sale after 10 years (tax-free under § 23 EStG):
Selling price approximately €176,750 - Remaining debt approximately €99,300 - Equity €35,000 = Tax-free profit approximately €42,450
Plus net cash flow after taxes over 10 years: approximately €21,000
Total return on €35,000 equity: approximately €63,450 (approximately 11% per annum)
This is an example calculation and is not guaranteed.

The apartment is located on Robertstraße, in the city center of Dortmund – a central and well-connected location. The surrounding area boasts a well-established urban infrastructure: supermarkets, pharmacies, doctors, and restaurants are all within walking distance, and the Hoeschpark, with its sports facilities and green spaces, is right outside the door.

The public transportation connections are excellent. Bus stops are located in the immediate vicinity, providing quick access to Dortmund city center and the main train station. The B1, A40, and A45 highways are also just a few minutes away by car – a clear advantage for commuters.

Despite its central location, the two balconies offer a pleasant distance from the hustle and bustle of the city – a peaceful retreat in the heart of the city. For investors, it's worth noting that this part of Dortmund is one of the districts with a stable demand for rental properties: apartments of this size are consistently rented out very quickly in this area.