Description
Germany. Dusseldorf. Apartment building in the city center. Apartment building in Germany, in the very center in 40211 Düsseldorf, on request m² (plot of land 171 m2)
Object code: 17960
Online viewing Remote purchase
€3,500,000
€/m2
Object type apartment buildings
Year of construction 1969/2025
Floor 1-2-3-4
Total area on request m2
Object status rented
Number of rooms 34 apartments
Annual income (actual)
on request €
Annual income (possible) on request €
Full description:
Mehrfamilienhaus (apartment building)
Year of construction: 1969
Modernization: 2025
Number of apartments: 34
Total living area: 899 m²
Plot: 171 m²
Heating type: gas
Properties of the property:
• The center of Dusseldorf, Worringer Straße — an area with high rental activity
• After a complete modernization — higher rental potential
• 34 apartments allow flexible management of profitability
• Potential for short stay or serviced apartments
Assessment:
The estimated market value may fluctuate depending on the following parameters:
• Current and potential rental yield,
• Quality and scope of modernization,
• Status of tenants (whether all rented, daily or long-term rent),
• Maintenance and utility costs.
Estimated valuation (2025):
• Multiplier for MFH in the center of Düsseldorf: ~22–28x annual net rent (net Kaltmiete)
• If the apartments are rented at ~15 €/m², then the potential annual revenue:
899 m² × 15 € × 12 months = ~161,820 € / year
Net - let's say ~140,000 € after costs
→ Minimum valuation = 140,000 € × 25 = 3,500,000 €
Market price of the property: = 3,500,000 €
Commission for the Buyer: +3.57% of the property value, including 19% VAT.
Details on request.
We will sell your apartment or house.
There is a choice of apartments and houses in various budgets, including commercial properties.