Apartment building for sale in Essen A well-maintained, income-generating apartment building in a prime location in Essen is for sale. Key features of the property: Residential section: • 3 floors • 4 apartments: • 2 spacious four-room apartments of 110 sq. m each • 1 apartment - 50 sq. m • 1 apartment - 40 sq. m Total residential area: 310 sq. m Commercial premises: • 40 sq. m • 60 sq. m • 40 sq. m Total commercial area: 140 sq. m Additional benefits: • Basement space • A small, well-maintained, and very beautiful garden belonging to the building • Recently completely renovated entrance hall (walls renovated, cosmetic repairs completed) • All apartments are consistently rented out • The property generates regular and reliable income Financial indicators: • Annual net income: €47,000 • Purchase price: €650,000 + 3.57% Annual yield: approximately 7.23% This property is ideal for both a private investor and a long-term investment portfolio. Stable rental income, good building condition, and attractive yields make it a profitable investment. If interested, we are ready to provide additional information and arrange a viewing after signing a brokerage agreement.
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