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Well-kept apartment building, 8 parties + small commercial unit, near north exit of main station

Baumstrasse 20, 44147 Dortmund (Mitte) – Nordrhein-Westfalen
745.000 €
20
Room
387 m²
Living Area
375 m²
Property
Private offer
house
multi-family house

This property is a five-storey building with above-average rental income from many years of constant letting. The property is for sale from 22.06.2024. The house was built in 1955 with brick walls and reinforced concrete ceilings.
Each apartment has a small shower room, a spacious eat-in kitchen with kitchenette and, depending on the layout, one or two further rooms.
Next to the apartment in the attic is a dry attic with a loft above. There should be the possibility of creating a further residential unit here. The floor area of the dry floor is around 40 square meters, the floor area of the loft is around 60 square meters.
In the inner courtyard there is a charming outdoor seating area with the possibility of a barbecue. The entrance to the small single-storey commercial unit with 113 square meters of rental space is separate from the outdoor seating area.
113 square meters of rental space, which has been continuously rented to a tenant (Reha-Technik) since 1997. The distance between the rear wall of the residential building and the single-storey rear building should be sufficient for the installation of balconies.
The property is currently let at a basic rent of € 3,857.50. The entire property, including the house and the commercial unit, is being offered for a price of €745,000.
In 2023, the apportionable ancillary costs amounted to 10833 EURO.

Are you interested in this house?

Object Number
OM-309301
Object Class
house
Object Type
multi-family house
Is occupied
Occupied
Handover from
immediately

Purchase price & additional costs

purchase price
745.000 €
Purchase additional costs
approx. 57,592 €
Total costs
approx. 802,591 €

Breakdown of Costs

Purchase price 745.000 €
Real estate transfer tax 48,425 € (6.50%)
Notary costs 6,069 € (0.81%)
Land register entry 3,098 € (0.42%)
Broker commission 0€ (0%)

* Costs for notary and land register were calculated based on the fee schedule for notaries. Assumed was the notarization of the purchase at the stated purchase price and a land charge in the amount of 80% of the purchase price. Further costs may be incurred due to activities such as land charge cancellation, notary escrow account, etc. Details of notary and land registry costs

Does this property fit my budget?

Estimated monthly rate: 2,528€

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Based on equity 20% of the purchase price plus the purchase incidental costs / 10 years fixed interest rate / 2% initial repayment / Effective interest rate 3.09%

Details

Condition
well-kept
Number of floors
5
Usable area
500 m²
Bathrooms (number)
8
Bedrooms (number)
8
Flooring
laminate, tiles
Heating
floor heating
Year of construction
1955
Equipment
garden, basement, shower bath
Infrastructure
pharmacy, grocery discount, general practitioner, kindergarten, primary school, middle school, high school, public transport

Information on equipment

The hallway, eat-in kitchen and bathroom are tiled in all apartments, while laminate flooring is laid in the other rooms.
The apartments have floor heating systems that run on gas. The tenants therefore do not pay any heating costs as they are themselves customers of a supplier.
Two gas boilers were replaced in 2007 and 2018, while seven other gas boilers were installed between 1991 and 1998. The gas boilers are serviced annually.
The electricity meter box in the hallway was installed in 2018.
In 2018/2019, new electricity cables were laid from this electricity meter box to the fuse boxes in the apartments. Following this work, the walls in the hallway were filled and repainted. In the dry basement there is a laundry room with two washing machines, which are owned by two tenants and are billed via two separate electricity and water meters. The laundry room has enough space to install and connect further washing machines.
The thermopane windows in the apartments were installed in the early/mid 1980s. The two west-facing windows in the stairwell were installed in 1991 and 1996.
The apartments have an intercom system, which was
installed in 2018/ 2019.
Following refurbishment between 1991 and 1998, the walls in the apartments were painted white after one tenant moved out. Apart from minor maintenance measures (e.g. replacement of a worktop in the kitchen), no further renovations have been carried out.
Minor repairs (waterproofing work) were carried out on the roof in 2016. The roof was last insulated on the inside around 12 years ago. The roof is tight.

Location

The entrance to the main post office is 150 meters away, the employment agency 190 meters, the municipal music school 280 meters, fire station one 350 meters and the CineStar cinema complex 350 meters. The German Football Museum is 600 meters away. A family doctor's practice is 700 meters away, a supermarket and a pharmacy 600 meters.

Location Check

Kultur
300m
Restaurants
50m
Einkaufen
50m
Nachtleben
350m
Sport
250m
Mobilität
150m
Medizin
500m
Natur
300m

Energy

Final energy consumption
246.40 kWh/(m²a)
Energy efficiency class
G
Energy certificate type
consumption certificate
Main energy source
gas

PDF

Miscellaneous

Broker inquiries not welcome! According to § 7 UWG, unsolicited contact by brokers without the express consent of the recipient is prohibited!

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Offer from: Dr. Dirk Köthe