Description
Apartment building in Bochum
(Wattenscheid district)
The end of the modernization, rehabilitation in 2-3 weeks !!!
Year Built: 1955
Number of apartments: 17
Parking places: 16 (of which 3 garages)
Land area: 1.154 sq.m.
Living area: 956 sq.m.
Rentable area: 956 sq.m.
Condition: Upgraded, sanitized
(the end of all work in 2-3 weeks)
The building was built in 1911 on a plot of 1.154 sq.m. In the 50s a complete reconstruction of the building (concrete floors) was carried out. The house has 17 apartments with a total area of about 956 sq.m. The object is currently still completely empty.
apartments are not rented out yet, because still undergoing final repairs. In the House
all apartments were repaired, doors, glass packages, floors, batteries were replaced, the bathrooms, the facade, etc. were updated. Heating of the apartments is provided by the newly installed gas central heating (Vaillant). Water heating is carried out using a water heater. The house also has 3 garages and 13 parking spaces.
According to the owner, the work must be completed in 2-3 weeks. Then the object can be leased (some apartments already have tenant willing). The calculated income for a full lease should be 71.500 € net per year. At this price, the owner gives a guarantee for the full delivery of the lease (to be stated in the contract of sale). If the new investor (owner) wants to lease himself, the seller is ready to
bargaining for the price.
Price: 800.000 EUR
Brokerage fee: 5.95% (incl. VAT)
Income possible: 71.425 EUR
Estimated profitability
with full lease: 9%
All data provided is based solely on information provided to us by the seller. Therefore, we are not responsible for the completeness, correctness and relevance of this data.