Description

Apartment building in Duisburg
This house was originally built in 1903, but during the war it was almost completely destroyed. After the restoration from the old building there was only an attractive facade, the house already has reinforced concrete floors, concrete staircases and staircases.
The house has central heating, hot water is supplied through the water heater. As part of the modernization, last year a new district heating station was installed, all heating lines in the whole house were replaced, and flat radiators (batteries) were installed. The electrician has been updated, a new electric panel with new meters in the basement has been installed and new ones have been installed with fuses in the apartments. Bathrooms are finished with light tiles and equipped with new white plumbing. Each bathroom has a connection for washing machines, in addition, there is a laundry with electrical connections for each apartment. The sides and the facade from the side of the courtyard are insulated. The intercom is installed.
All apartments will be repaired and handed over to new tenants. Since the repair is not completed in all apartments, then not all apartments are still leased. Nevertheless, the buyer will receive a fully rented house that will be registered in the notarial contract and the rental price for sq.m. The seller gives a rental guarantee for all apartments.
In addition to completing the reconstruction of the apartments, the seller undertakes to paint the street facades of the ground floor, and also to repair or replace the gate of entry into the yard. At the request of the buyer, it is also possible to visually change the design of the staircase (plastering, painting, varnishing of wooden surfaces), however this is not included in the bid. At the request of the buyer, we can request a price for these works.
The plan of the house in the application is slightly different from reality, because earlier there were small re-planning.
Apartments on the left on the 2 nd, 3 rd and 4 th (mansard) floors have 2.5 rooms each.
Apartments on the left and right on the 1st floor and apartments on the right on the 2nd, 3rd and 4th (attic) floors have 1.5 rooms, but each with a separate kitchen and hallway.
Living area: 418 sq.m.
Number of apartments: 8
Number of garages: 4

(3 garages are leased for 40 € per month, 1 garage is used as a storage room and handed over for 20 € per month)
Also on the house there is a billboard (poster) with a contract for 7 years and with the option of extending for another 3 years. Revenue from advertising 45,83 € per month, 550 € per year.
Price: 390.000, - €
Profitability: 9.3%
Brokerage commission: 5,95% incl. VAT
The seller gives a rental guarantee for all apartments.