Apartment house in city Hagen
420.00 sq.m.

€ 340 000

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Germany. Hagen. Apartment house with profit.
Apartment house of Hagen (Hagen)
Area of 420 sq. m.
Apartments 4
The year 1950
The plot is 317 m2
Income current 23.160,00
Income possible 27.720,00 EUR
Price 340.000,00 EUR
The Commission of 5.95%
The actual profitability of 6.8% to 7.1%
Profitability is possible by changing the owner of 8.2% and 8.5%
( based on who will change the heating on the 1st floor )
The house is situated in a good Central area. The house was originally built in 1910. Restored around 1950.
Roof and heat insulation replaced in 2000.
In 2016-2017 repairs in the apartments on the 3rd and 4th floors replaced and heating installed gas water heaters ( Vaillant ).
The area of apartments:
1 floor - 100 sq. m.
2nd floor - 110 sq. m.
3rd floor - 110 sq. m.
4th floor - 100 sq. m.
Heating:
1st floor - stove (can be replaced by the seller or new owner at a discount from the price ).
2nd floor gas through installed in every room of special devices.
3 and 4 floor gas ( each apartment has a new gas heater of Vaillant ).
The gas supplied to each apartment. So you can replace the heating on the 1st floor will not be easy. The heating was not replaced because the previous tenant was a gamekeeper and did not want to be removed furnace heating. Now it is evicted it will be possible to replace the heating. After the installation of the gas column in the apartment can be leased to a new tenant for 500-550 Euro.
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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