Multi-family house in Mönchengladbach-Odenkirchen | 8% yield | No commission.

For sale is a fully rented multi-family house located in Mönchengladbach-Odenkirchen (41199). The building, constructed around 1906, offers approximately 200 square meters of living space on a plot of approximately 407 square meters, presenting an attractive investment opportunity. Currently, there are four separate rental agreements, generating a total monthly gross rent of €1,985, or an annual gross rent of €23,820. Based on the asking price of €299,000 (negotiable), the current rental situation yields a gross rental yield of approximately 7.97% and a price-to-rent ratio of approximately 12.6. The multi-family house comprises three residential units. The ground floor is currently divided into two separately rented living areas, resulting in a total of four separate rental agreements. Breakdown:
Ground Floor – Living Area 1 | approximately 45 m²
1 room, kitchen, bathroom – separately rented
Ground Floor – Living Area 2 / Maisonette | approximately 55 m²
2 rooms, kitchen, bathroom – separately rented
1st Floor | approximately 50 m²
2 rooms, kitchen, bathroom – rented
2nd Floor | approximately 50 m²
2 rooms, kitchen, bathroom – rented
Current monthly gross rents:
- €600
- €640
- €255
- €490 Total monthly rent: €1,985
Annual rent: €23,820
In one of the long-standing rental agreements, the current rent is relatively low. There may be additional potential for rent increases within the legal framework. The property also includes a cellar and a garden area at the rear. In addition, there is approximately 25 m² of space in the attic with further potential for use or development. A possible expansion of the living space should be examined, subject to building regulations and the necessary permits. The building is in a condition appropriate for its age, and some areas may require renovation. It offers a future owner opportunities for gradual modernization and further optimization.

The multi-family building is located in Mönchengladbach-Odenkirchen, 41199, in a well-established residential area.

Odenkirchen boasts excellent infrastructure, with a variety of shops, schools, kindergartens, doctors' offices, and other essential amenities.
The district is well-connected to both public transportation and the regional road network.

This makes other parts of Mönchengladbach, as well as the surrounding towns, easily accessible.

The combination of a desirable residential location, existing infrastructure, and convenient transportation links makes this property particularly attractive for long-term rental investments.