Apartment house in city Duisburg
418.00 sq.m.

€ 390 000

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Germany. Residential building in Duisburg.
This house was originally built in 1903, but during the war, was almost completely destroyed. After the restoration of the old buildings remained only an attractive facade, the house has concrete floors, concrete stairs and landings.
The house has Central heating, hot water through the heater. In the framework of modernization in the past year the new station of district heating, replaced all the heating lines throughout the house and with the flat radiators (battery). Updated the electrics, installed a new electrical panel with new meters in the basement and installed new fuse boxes in apartments. The bathrooms are decorated with bright tiles and a new white fixtures. In each bathroom there is a washing machine connection, a Laundry room with electrical connections for each apartment. End side and the facade on the courtyard side are insulated. Intercom system installed.
All apartments will be renovated and rented to new tenants. As the repair is not completed in all apartments, respectively, not all apartments are rented. However, the buyer will receive a fully leased building which will be spelled out in a contract, and enclosed the table rental price per sqm Seller will guarantee the rent on all apartments.
In addition to completing the renovation of apartments, the seller undertakes to paint the street facades of the first floor and to repair or replace the gate to the yard. At the request of the buyer may also a visual change of the design ladder (plaster, paint, varnishing wooden surfaces), but this is not included in the proposed price. At the request of the buyer we can request a price for this work.
House plan in the app is a little different from reality, because previously there was a small redevelopment.
Apartment left on the 2nd, 3rd and 4th (attic) floor have 2.5 rooms.
Apartments left and right on the 1st floor and apartments right on the 2nd, 3rd and 4th (attic) floors have 1.5 rooms, but each with a separate kitchen and hallway.
Total area: 418 sq. m.
Number of apartments: 8
The number of garages: 4
(3 car garage rented for 40 € a month, 1 garage used as a storage room and rented for 20 € per month)
Also, the house has a Billboard (poster) a contract of 7 years with an option to extend for another 3 years. Advertising revenue 45,83 € per month, € 550 per year.
Price: of 390,000, - €
The profitability of 9.3 %
Brokerage Commission: 5,95% incl. VAT
The seller will guarantee the rent on all apartments.
There is a choice of apartments and houses in various budget, including commercial facilities.

Seller information

Seller type Agency
Company YouLand

Location of the property on the map

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