 Estimated Value for Real Estate Investment: 

The property in question is a 6-family, double-house located in Essen-Überruhr-Holthausen, which is a good location with excellent connectivity to the autobahns A 40, A 52. The surplus living area of approximately 348m² on the ground floor has a high potential for rent increase. A self-occupant could also benefit from this layout. The house was built in 1968 and features 6 apartments, 3 balconies, and 4 garages, making it an attractive investment opportunity. The energy certificate class is E, with an energy consumption of 148kWh/(m2a). The property has undergone extensive renovations over the years, including replacing old windows with PVC-Iso windows and roller blinds, sanitizing the three balconies, and renovating all the rain gutters and fall pipes, made of copper. In addition, a muffler was installed on a gable roof in 2018 for the gas central heating system, which supplies heating to both the family home and the adjoining building.

To get a detailed picture of the potential net income for the property, we should consider the property's current rent situation. The building is fully rented, with no outstanding rents. The annual rent is 36,060€, and significant rent potential exists, as a new tenant could be charged around 1000€ per month (approx. 720€ currently). A complete rent potential could be 49,200€ in the future, given the demand and a thorough inspection of the property.

To compute the NET cash flow annually, the current rent is deducted from the potential rent, plus the acquisition costs, maintenance costs, repair costs, and any other expenses (e.g., taxes, insurances, etc.). The sum of these costs should ideally be covered by the net rental income to ensure a steady and profitable investment.

Estimated Value for Lifestyle Purchase:

For a potential buyer who might be interested in self-occupancy, the property offers a 6-family, 348m² of living space with 3 balconies and 4 garages, making it a spacious and comfortable home for a large family. The buyer also gets 2 additional 2-family apartments, totalling 465m2 of living space and an uncluttered living environment.

The modern amenities like the PVC-Iso windows, roll-up shutters, and laminate flooring, and kitchens contribute to the overall comfort of the space. The points mentioned above, coupled with the central location and the great commuting options, are likely to improve the buyer's lifestyle appreciably. Buyers who choose to use the property for other purposes such as starting or running a business, for self-catering, or other income-generating activities, will also benefit significantly from the property's strategic location and attractive layout.

Objektbeschreibung                          Das 6-Familien-Doppelhaus liegt in guter Lage in Essen-Überruhr-Holthausen.Gute Verkehrsanbindung zu den Autobahnen A 40, A 52.Die Erdgeschosswohnung hat einen großen Mietsteigerungspotenzial, bei Neuvermietung kann ca. 1000 (aktuell 720) an Kaltmiete erzielt werden. Auch für Selbstnutzung ist diese Wohnung sehr passend.Baujahr: 1968Wohnfläche: ca. 348 m²Grundstück: 485 m²6 Wohnungen3 Balkone4 GaragenEnergieausweis: Energieverbrauchskennwert 148kWh/(m2a), Klasse E. Gültig bis 2028Instandhaltungs-, Sanierungsmaßnahmen:Alle Fenster von ca. 1990 nach und nach in Kunststoff-Iso Fenster und Kunststoffrollläden ausgetauscht.Alle drei Balkone wurden 1999 saniert und gefliest und alle Dachrinnen & Fallrohre in Kupfer erneuert.2010: Eine Dachgaube gedämmt. Bädersanierung:Souterrain: 2010DG links und rechts: 2014OG1 links: 2016Im Jahr 2018 erneuerte Gas-Zentral-Heizung versorgt zusätzlichdas rechte Mehrfamilienhaus. Heizkosten werden entsprechend abgerechnet.Frontfassade mit Armierung: 2021Aufteilung:Erdgeschoss 104 m²1. OG links und rechts je 53 m²2. OG links 44 m²2. OG rechts 42 m²Souterrainwohnung: 52 m²GaszentralheizungKunststoff-Iso-FensterKunststoff-RolllädenLaminat, Teppich und FliesenAktuelle Jahreskaltmiete: 36.060 EUR.Es gibt keine Mietrückstände. Das Haus ist voll vermietet. Bitte keine Makleranfragen.

House for sale in Essen, Germany

Objektbeschreibung                          Zweifamilienhaus, Baujahr: ca. 1957, 2  Etage(n), Wohnfläche: 122m², Garage vorhanden

 From a buyer's perspective, this property located in Essen, Germany, offers a 266.5 m² living space with three apartment units, including a attic and cellar conversion. Some of the units feature a balcony or a terrace. The building also includes a single-story annex without a cellar, featuring a rooftop terrace. A garden is also included with the property. The building's estimated construction year is 1973.

The heating and hot water system is driven by a gas-fired central heating unit. The dwelling allows for good sun exposure and natural light. There is a allowance for an extension of the garage, which is an addition and an exemption for an increase in the upstairs hallway, section 15, measuring 5.35 meters square in the land registry.

Please contact us for further questions, from Monday to Friday, between 8:00-20:00 hours, or Saturday and Sunday between 10:00-18:00 hours, on the phone number 0221-97459790. This property is being auctioned at the responsible court.

The market value is estimated at 620,000 EUR. Please secure a 30% discount on the market value, which amounts to 434,000 EUR. This will include notary costs and broker commission.

This property is one of many interesting properties that we publish in our monthly, cost-effective IMMOBILIENVERSTEIGERUNGS-KATALOGES. Secure these information to purchase your dream property at an affordable price.

Catalog details:
Phone number 0221-97459790.

Objektbeschreibung                          Eine zweistöckiges Mehrfamilienhaus mit drei Wohnungen, einschließlich ausgebautem Dachgeschoss und Keller, mit einer Gesamtwohnfläche von 266,5 m², die jeweils zwischen 69-101 m² groß ist. Einige der Wohnungen verfügen über einen Balkon oder eine Dachterrasse. Das Gebäude umfasst auch einen einstöckigen Anbau ohne Keller, der über eine Dachterrasse verfügt. Zudem gehört ein Garten zur Immobilie. Das Baujahr des Gebäudes wird fiktiv auf 1973 datiert.Die Beheizung und Warmwasserversorgung erfolgt durch eine Gas-Etagenheizung. Die Wohnung verfügt über eine gute Sonneneinstrahlung und Lichtdurchflutung. Es besteht eine Baulast (Duldung einer Überbauung der grenzständigen Garage, Flur 15, Flurstück 1197 von 5,35 m².Bitte kontaktieren Sie uns bei weiteren Fragen telefonisch, von Montag - Freitag von 08:00 - 20:00 Uhr, Samstags/Sonntags 10:00 – 18:00 Uhr unter der Telefonnummer 0221-97459790.Dieses Objekt wird beim zuständigen Amtsgericht versteigert.Verkehrswert: 620.000,00 EUR.Sichern Sie sich unter Umständen 30 % Nachlass auf den Verkehrswert und zahlen Sie somit für die oben genannte Immobilie nur 434.000,00 EUR. Ebenso entfallen Notarkosten und Maklercourtage.Dies ist eine von vielen interessanten Immobilien, die wir in der aktuellen, monatlichen Ausgabe unseres kostengünstigen IMMOBILIENVERSTEIGERUNGS-KATALOGES veröffentlichen. Sichern Sie sich jetzt diese Informationen um Ihre Wunschimmobilie preisgünstig zu erwerben.Kataloginfos:Telefonnummer 0221-97459790.

 As a potential buyer, this property in Essen, Germany offers 3 spacious apartments, including a finished attic and basement, with a total living area of 266.5 m². The apartment sizes range from 69 to 101 m². Some units feature balconies or rooftop terraces, while an additional one-story annex with a rooftop terrace also comes with the property. A garden is included as well. The property is estimated at €620,000 (or approximately €434,000 after a 30% discount) and features a gas-fired heating system and hot water supply.

With its spacious layouts, ample sunlight, and potential rental income, it is an attractive option for both real estate investment and personal lifestyle purposes. Its location in Essen, a hub for commerce and culture in Germany, makes it even more appealing for those seeking a balance between urban conveniences and a quiet living environment. This property certainly has great potential as a sound investment and would also offer a comfortable living experience for the buyers. Contact the number provided for additional information and to secure the property at a discounted rate.

 As a potential buyer, this 6-family duplex property in Essen-Überruhr-Holthausen offers a great opportunity for both real estate investment and lifestyle purchase. The property has a lot of potential to increase its value over time due to its prime location, high occupancy rate, and various renovation and upgrade opportunities.

From an investment perspective, the property's appealing layout and excellent occupancy rate create a safe and profitable long-term investment. The rent potential for the ground-floor apartment alone estimates a 36.060 EUR annual cash flow, which can significantly contribute to your financial goals. The presence of five other fully occupied apartments means a low vacancy risk and consistent revenue. Also, the potential to improve the rent levels through ongoing maintenance and upgrades may bring even higher returns. Moreover, the existing renovations, such as the new windows, sanitized balconies, and the heated common wall, ultimately reduce stage development expenses and enable better cash flow.

As a lifestyle purchase, the property's great location in Essen-Überruhr-Holthausen provides easy access to public transportation, highways, and a variety of local amenities like shops and schools. The duplex's layout might also suit your needs, as you can consider it for both rental investment and personal use. Furthermore, the spacious living area, including three Balkones, and the well-maintained condition of the property contribute to a comfortable living experience.

However, it is crucial to consider that the property, while offering many advantages, also has an initial investment price of 880.000€. Additionally, other ongoing expenses such as utilities, maintenance costs, and potential taxes should be considered. Nevertheless, the strong rental income potential and low vacancy risk make this property a promising investment for both your financial future and personal lifestyle.

 From a buyer's perspective, this 6-family semi-detached house offers great opportunities for both real estate investment and lifestyle purchases. Located in Essen-Überruhr-Holthausen, it benefits from excellent connectivity to motorways A 40 and A 52. The property features a ground-floor apartment with 348 m2 of living space, 485 m2 of land, and six apartments, making it an attractive proposition for both passive income through rental income and creating a unique living space for your family.

As an investment, the property shows potential for high returns, as suggested by the estimated rent of approximately 1000€ per month (based on marketing information), which is a significant increase from the current rent of 720€. However, keep in mind that you would need to carry out some renovations and upgrades, such as replacing the windows, improving the balconies, and upgrading the heating system.

For a lifestyle purchase, this property offers ample space and privacy for a large family or multiple tenants. The property includes three garages, ensuring ample parking space. It is also located near the Essener Nordbad, providing easy access to swimming and recreational activities for the family. Additionally, rolls and laminate flooring, kitchen appliances, and bathroom fixtures are already installed, making for easy move-in.

In conclusion, this property offers great potential as a real estate investment, with significant rent increases achievable through thorough renovations. Additionally, it provides an attractive lifestyle for a large family or multiple tenants, thanks to its spacious layout and prime location.

Property Description
This semi-detached multi-family house consists of six apartments with a total living space of 505 m² spread over five floors. The apartments range in size from 62-96 m² and each have two balconies and a covered roof terrace. Each apartment also comes with a cellar and there is a garage belonging to apartment No. 1. The building was fictitiously constructed in 1971. The assessed values of the individual apartments range from 59,000 EUR to 100,000 EUR. The heating is provided by a district heating system, while office unit No. 1 on the ground floor is used as an apartment. No approved building permits were obtained for this conversion or for structural changes in other apartments.

Thoughts on Price
The property is being auctioned at the local civil court with a market value of 464,000.00 EUR. There is a possibility of securing a 30% discount on the market value, potentially resulting in a purchase price of only 324,800.00 EUR for this property. Additionally, there are no notary fees or agency commissions to be paid. This property presents a unique opportunity for investment or potential redevelopment. Contact us for more information and to explore the potential of acquiring this property at a discounted price.

Objektbeschreibung                          Ein beidseitig angebautes Mehrfamilienhaus mit sechs Wohnungen und insgesamt 505 m² Wohnfläche auf fünf Etagen. Die Wohnungen haben eine Größe von 62-96 m² und verfügen jeweils über zwei Balkone sowie eine überdachte Dachterrasse. Jede Wohnung hat außerdem einen Kellerraum, und es gibt eine Garage, die zur Wohnung Nr. 1 gehört. Das Gebäude wurde fiktiv im Jahr 1971 errichtet. Die Einzelverkehrswerte der Wohnungen liegen zwischen 59.000 EUR und 100.000 EUR.Die Beheizung erfolgt über eine Fernwärmeanlage, während die Büroeinheit Nr. 1 im Erdgeschoss als Wohnung genutzt wird. Weder für diese Umnutzung noch für bauliche Veränderungen in anderen Wohnungen wurden genehmigte Baugenehmigungen eingeholt oder erforderliche Nutzungsänderungen vorgenommen.Bitte kontaktieren Sie uns bei weiteren Fragen telefonisch, von Montag - Freitag von 08:00 - 20:00 Uhr, Samstags/Sonntags 10:00 – 18:00 Uhr unter der Telefonnummer 0221-97459790.Dieses Objekt wird beim zuständigen Amtsgericht versteigert.Verkehrswert: 464.000,00 EUR.Sichern Sie sich unter Umständen 30 % Nachlass auf den Verkehrswert und zahlen Sie somit für die oben genannte Immobilie nur 324.800,00 EUR. Ebenso entfallen Notarkosten und Maklercourtage.Dies ist eine von vielen interessanten Immobilien, die wir in der aktuellen, monatlichen Ausgabe unseres kostengünstigen IMMOBILIENVERSTEIGERUNGS-KATALOGES veröffentlichen. Sichern Sie sich jetzt diese Informationen um Ihre Wunschimmobilie preisgünstig zu erwerben.Kataloginfos:Telefonnummer 0221-97459790.

House for sale in Essen, Germany

Property description

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