house for sale in Essen, Germany

From a buyer's perspective, this 6-family duplex property located in Essen-Überruhr-Holthausen offers a great investment opportunity and a fantastic lifestyle purchase. The property's key strengths include: 1. Great location: With excellent access to transportation networks (Autobahnen A 40, A 52), this property is strategically situated in a desirable neighborhood. 2. High rental income potential: The ground-floor apartment has a strong rent potential, with an estimated rental income of around 1,000€ per month, a significant increase over the current 720€. 3. Versatility: The property's configuration and size make it suitable for both investment and personal use. 4. Recent renovations and upgrades: The property has undergone several renovations and updates, such as new windows, sanitized balconies, roof repairs, and a recent boiler replacement, ensuring that the tenants have comfortable living conditions and reducing the need for immediate capital-intensive investments. 5. Low vacancy risk: The property is already fully rented, minimizing the risk of vacancy and providing stable income for the buyer. As a real estate investment, this property has the potential to generate good returns with minimal risk due to its strong rental income, desirable location, and low maintenance requirements. It is important to conduct a thorough due diligence of the property before making a final decision, including an analysis of the local real estate market, tenant turnover, and the potential for future rent increases. From a lifestyle perspective, this property offers ample living space for a growing family or multiple generations, with three self-contained apartments and four garages. The duplex layout provides privacy for each family unit while allowing family members to live close to one another. Additionally, the property's location in Essen-Überruhr-Holthausen offers access to parks, shopping, and other amenities, contributing to a comfortable and enjoyable lifestyle.