Full Description:

A rental apartment building located right in the city center of Gelsenkirchen, just a 3-minute walk from the main pedestrian street.

This is an 8-unit apartment building that underwent a major renovation in 2021. (The price reflects the cost of the renovations).

The following items were replaced/renovated in the building:

• Heating system (new boiler, water heater, new pipes installed),
• New windows with triple-pane insulating glass,
• Complete electrical system overhaul: new wiring, sockets, switches, new electrical panel, new junction boxes in each apartment,
• Entrance door to the building and interior doors in the apartments replaced,
• New plumbing fixtures and tiles installed in bathrooms according to modern standards,
• New wallpaper/paint on walls and new laminate flooring laid in all apartments.

Currently, all 8 apartments are rented out, generating an annual income of 37,980 €.

The buyer could, for example, keep one apartment in the building for personal use.

The building was constructed in 1911. Renovations were carried out in 1965, 2003, and 2021.
It has 4 floors.
The total living area is 463 m².

Sample Rents:

• Example: A 1-room apartment, 36 m²,
• rents for (Base Rent 275 € + 125 € Utilities) = Total Rent 400 € (including heating).

Example: A 3-room apartment, 78 m², in this building rents for (Base Rent 550 € + 180 € Utilities) = Total Rent 730 € (including heating).

The annual income can be increased upon purchase to a potential 43,980 €.

The property is conveniently located: only 300 m to the main shopping pedestrian street and 500 m from the central train station!

Buyer’s Commission: + 4.76% of the property price.

Details available upon request.