Apartment house in city Gelsenkirchen
1085.00 sq.m.

€ 910 000

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Germany. Apartment house in Gelsenkirchen commercial premises.
Residential building with 2 commercial premises was built in 1951. The total area of 1085 m2 853 m2 is divided into living area and commercial (usable) area of 232 m2. Also, this object belongs to the 3 car garage and 2 Parking spaces. The property is situated in a very good condition. The current owner recently with the change of tenants updated residential flats (total 60%), as well as upgraded facade. The facade on the courtyard side is also currently being updated and will be completed at the expense of the current owner. The house has 14 residential units (apartments), of which currently all are rented. In addition there are two commercial premises (shops on the ground floor and a storage room in the courtyard) which is also rented. The heating gas.
Area of 853.00 m2
The plot of 794.00 m2
Commerce 232 m2 (82,150)
Garages/parkings 3/2
Apartments 14
Year/Repair 1951/2017
Income current 63.829,92 €
Income possible 76.971,96 €
Price 910.000,00 €
The current profitability of 7 %
The possible margin of 8.5%
The Commission a broker of 7.14%
After finishing work on the facade inner side (which is carried out by the current owner) and when you change the owner of the rent could 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 up to 76.971,96 €.
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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