Attractive investment opportunity in a prime location in Paderborn.

This compact 1-bedroom apartment is located on the ground floor of a detached multi-family building constructed in 1992. It is part of a residential complex in a central location within the city center of Paderborn. The layout efficiently utilizes the space: a living and sleeping area with an open-plan kitchen forms the heart of the apartment, complemented by a bathroom with a shower and a hallway. The living space, approximately 29.61 m², includes a proportional share of the terrace. From the living area, you can access the terrace, a pleasant outdoor retreat. The apartment also includes a storage room in the basement and a private parking space in an underground garage, which is included in the purchase price – a significant advantage in this central location. Additionally, there is a shared laundry room available in the basement. The apartment is heated by an electric underfloor heating system. The kitchen and bathroom are in good condition. The energy performance certificate indicates a final energy demand of 84 kWh/(m²·a) for the building, which corresponds to energy efficiency class C. The apartment is currently rented. The current cold rent is €259, plus €30 for the parking space. An agreement has been made with the tenant for a cold rent of €420, starting January 1, 2027. This results in monthly rental income of €450. The existing lease agreement will be transferred. We believe that the compact size and central location make this property suitable for long-term rentals, appealing to both investors and individuals looking for a straightforward second home. Please note: Personal items have been removed from the photos using AI. The floors, walls, and fixtures are in their original condition. We would be happy to discuss the details with you in person.

The apartment is located in the Riemekeviertel district of Paderborn, a central and highly sought-after residential area. The district is primarily residential, with a selection of local shops and service providers.

Daily amenities are readily available. Shops, doctors, pharmacies, and restaurants are all within easy reach. The city center of Paderborn is easily accessible by both public transportation and car.

Public transportation connections are efficient and reliable. Several bus routes are located nearby, ensuring good access to other parts of the city. The road network is also well-developed.

The location is particularly appealing to singles, working professionals, and students. These demographics create a consistently high demand, especially for smaller, well-designed apartments.

Overall, the Riemekeviertel offers a proven location with a stable rental market, making it a solid foundation for a long-term investment.