House for sale in Essen, Germany

• Bad Dusche, Wanne
• Boden Fliesen, Laminat
• Balkone 3
• Keller

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.