house for sale in Essen, Germany

As a potential buyer, this property in Essen, Germany offers several advantages for both real estate investment and lifestyle purposes. The 6-family duplex house is characterized by a good location, excellent transport links, and a smart layout that allows for maximum rental income potential. From an investment perspective, the property's prime location, coupled with the potential for high rental returns, makes it an attractive option. With an annual rental income of approximately 36,060 EUR and no outstanding rent arrears, it provides a reliable income stream for the investor. Additionally, the property's solid construction, energy-efficiency updates, and favorable energy performance rating (Energieverbrauchskennwert 148kWh/(m²a) and Klasse E) reduce potential maintenance and operating costs, further contributing to its attractiveness as a real estate investment. In terms of lifestyle, the property offers spacious interiors and ample outdoor space with three balconies and four garages. The renovated kitchen and bathrooms, as well as modern amenities like laminate flooring, underfloor heating, and high-quality appliances, ensure a comfortable living environment. The mixed-use layout of the building, with both residential and rental units, offers flexibility for long-term owners who may want to live in some of the units while renting out others to generate additional income. Overall, from the buyer's perspective, this property presents a compelling opportunity in terms of both real estate investment potential and lifestyle appeal. The property's prime location, modern amenities, and rental income potential make it an attractive investment, while its spacious interiors and rural setting offer a comfortable living environment. However, it is essential to consider factors like local market conditions, rental demand, and municipal regulations before making a final investment decision.