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Building for sale in Wuppertal, Germany

1 461 000€

42119 Wuppertal

Property description

Okay, so this property description is rather long and contains three distinct properties - a commercial building (A), a multi-family house (B), and a combined residential and commercial building (C). A summary of the properties from a buyer's perspective is as follows: Property A - Commercial Building: - 436 m² of usable space - Mid-1970s construction - Estimated value: 288,000 EUR As a real estate investment, this commercial building might not yield high returns as it's relatively small and has a lower estimated value. Its location in Wuppertal could appeal to potential tenants, but the newer, more modern buildings in the area might make it less attractive to businesses. Property B - Multi-Family House: - 5 floors (including the basement and attic) - Estimated value: 358,000 EUR - Constructed in the late 1950s and renovated As a lifestyle purchase, this multi-family house could be an excellent choice for a family or multiple families looking for a comfortable home in a peaceful environment. The renovated property has likely been updated to modern standards and may even have modern amenities that could increase the appeal of the home. As a real estate investment, the property might need some work to bring in fast returns. If rented out, it could provide a stable income if the units are maintained well. However, maintenance costs could be high with such an older building. Property C - Combined Residential and Commercial Building: - 5 floors (including the basement and attic) - Estimated value: 815,000 EUR - Constructed in the late 1950s, later partially modernized As a lifestyle purchase, this combined residential and commercial building might be more suited to those who want to live on the first floor and run their business on the other floors. The second-hand look of the property might not appeal to everyone, but it has the potential for a great work-life balance. As a real estate investment, the combined building could be high maintenance, and the uneven distribution of living and working spaces might limit the appeal of the building. The mixed-use nature of the property might limit your potential tenants, as individuals looking for commercial spaces may not be interested in living in the same building. Overall, out of the three properties described, buying property B (the multi-family house) might be the most appealing for both a lifestyle purchase and real estate investment. It has the potential to be maintained and rental-ready without needing significant work or risks in terms of market saturation in a commercial area. Property A and C might require more specialized buyers who can see the potential uses for these buildings in the areas where they are located. Potential buyers would need to do further research to determine the viability of these properties for their purposes.

Location

42119 Wuppertal

Date added: 24.07.2024

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