Apartment house in city Gelsenkirchen
853.00 sq.m., 14 bedrooms

€ 910 000
Profitable house in Gelsenkirchen with commercial premises

Residential house with 2 commercial premises was built in 1951. The total area of 1085 m2, is divided into 853 m2 living area and commercial (usable) area of 232 m2. Also this object belongs to 3 garages and 2 parking spaces. The property is in very good condition. The current owner recently renewed residential apartments with a change of tenants (a total of 60%), and also updated the facade. The facade from the side of the courtyard is also being updated and will be finished at the expense of the current owner. The house has 14 housing units (apartments), of which at present all are leased. In addition, there are two commercial premises (shops on the ground floor and a warehouse in the yard) which are also leased. Heating is gas.
Area 853,00 m2
Plot 794,00 m2
Commercial area 232 m² (82,150)
Garages / Parking places 3/2
Apartments 14
Year / Repair 1951/2017
Current income 63.829,92 €
Income possible 76.971,96 €
Price 910.000,00 €
Profitability of the current 7%
Profitability possible 8.5%
Commission of the broker 7.14%
After the completion of works on the facade from the inside (which are carried out at the expense of the current owner) and when the owner changes the lease can be raised from 5.00 to 8.00 € per square meter, depending on the size and condition of the apartment. Thus, to achieve an annual income of 76.971.96 €.

Seller information

Seller type Agency
Company ROOMS

Location of the property on the map

Similar offers