Mixed-Use Residential & Commercial Investment Property with Strong Rental Potential in Essen-Altendorf

€1.500.000

Description

Well-maintained, fully tenanted mixed-use property comprising 8 residential units, 2 commercial units, and a covered inner courtyard in a high-traffic location within Essen’s Altendorf district. This property impresses with its versatile usage, solid construction, and excellent connectivity — an ideal capital investment with sustainable value appreciation potential.

Property Highlights:

Feature	Details
Property Type	Mixed-Use Residential & Commercial Building
Year Built	c. 1950–1960
Residential Space	455.94 m² (8 units)
Commercial Space	335.66 m² (2 units)
Total Usable Area	791.60 m²
Plot Size	449 m²
Floors	4 (Ground Floor + Upper Floors + Attic)
Basement	Full basement
Heating	District Heating (new central system)
Condition	Well-maintained

Residential Area — 8 Apartments

The 8 apartments are distributed across the upper floors and the fully converted attic. A recent attic renovation created four new studio apartments that meet modern standards and ensure sustained rentability. The roof insulation carried out during the conversion additionally improves the building’s overall energy efficiency.

Commercial Area — 2 Units on Ground Floor

Wedding/Event Hall: approx. 264.29 m² on the ground floor (left side) — spacious, versatile event space
Commercial Unit: approx. 71.37 m² on the ground floor (right side) — flexible for various business concepts

Covered Inner Courtyard

The fully covered inner courtyard is available for exclusive use by commercial tenants and provides additional flexible space. It is excellently suited for various operational concepts or the simultaneous combination of multiple business types — a significant competitive advantage for diverse commercial uses.

Technical Features & Highlights

Solid brick construction
Complete heating system modernization: connection to municipal district heating network
New central heating distribution replaced outdated individual stoves
Significantly improved energy efficiency
Long-term predictable operating costs
New attic conversion with 4 apartments
Storage and office spaces in the rear building

Location & Infrastructure

The building is centrally located in Essen’s Altendorf district on a busy shopping street. In the immediate vicinity: various retail shops, restaurants, and public transport connections. The high-traffic location ensures constant demand from both residential and commercial tenants.

Income Data

Metric	Value
Annual Net Cold Rent	€95,028
Monthly Net Cold Rent	€7,919
Current Yield	6.33%
Income per m²/Year	approx. €120
Income per m²/Month	approx. €10

Rental levels are in line with market standards for the Essen-Altendorf district.

Buyer’s Commission: 4.76% of the purchase price incl. VAT

Detailed documentation and viewing appointments available upon request.

Address

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Address: 339, Altendorfer Straße, Altendorf, Stadtbezirk III, Эссен, Северный Рейн — Вестфалия, 45143, Германия
City: Essen
Postal code: 45143