Revenue house 1 633 m² in Oberhausen, Germany

Germany, Oberhausen
€1,05M
;

Location

  • Country
    Germany
  • State
    North Rhine-Westphalia
  • City
    Oberhausen
  • Address
    Helmholtzstraße

Property characteristics

Building parameters

  • The year of construction
    The year of construction
    1911
  • Number of floors
    Number of floors
    4

Property parameters

  • Total area
    Total area
    1 633 m²

Investment params

  • Yield per year
    Yield per year
    15%

Description

Package of 3 apartment buildings in Germany
A package of 3 apartment buildings is for sale.
Two buildings in Oberhausen (green and blue buildings in the photo) and one building in Marl.
Oberhausen:
- the right building (blue) was built in 1911
- the left building (light green) was built in 1955 and has reinforced concrete floors.
Complete renovation of the left building (in 2016), 3 complete renovations of the right building (in 2023), facades renovated (in 2021), central heating, district
Total area of ​​the buildings is 1046 m2:
Rooms. area 345 m2
Living area 701 m2 - 11 apartments
Building 5 floors
"The two adjacent buildings offer a mix of commercial and residential spaces, reflecting the essence of urban life.
Strategic location in the old city center, next to the pedestrian shopping center and employment, ensures high pedestrian traffic and convenience.
With the support of the municipality, committed to development, significant investments are aimed at promoting the area, emphasizing its potential and value.
The loan for the houses is issued at 2.75% until the end of 2027.
Two houses in Oberhausen are rented out and generate an annual income of 95,994 euros
Possible annual income: 99,042 euros (rent has not been raised for a long time).
House in Marl: house area 587 m2
10 apartments
house built in 1966 apartment renovation in 2018-2023 central gas heating
In the backyard there are 15 garages available for rent to both the building's tenants and residents of the surrounding area, adding convenience and value.
It is home to long-standing tenants and a German company that provides housing for its employees.
The home loan was issued at 2.65% until May 30, 2028
Annual income from the home: €65,292
Possible increase to €69,288 due to rent adjustments.

In total, all 3 houses bring in actual income per year: €161,290.56 (- 15.32%)
Possible income (with rental rate adjustment): €168,084 (- 15.97%)
The total market value of the 3 houses is: €2,017,008
The investor's required equity capital: €1,052,160 (when purchasing houses, loans issued earlier for their acquisition are taken over).
Buyer's commission + 5.96% of the value of the apartment house package.
Details on request after providing the LOI.

Posted at: 10/06/2024
Updated at: 11/06/2024

Location on the map

Germany, Oberhausen
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