Comprehensively and energetically renovated apartment building with attractive returns

The apartment building on offer here with seven residential units is centrally located in Essen. The property was extensively renovated in 2024 to make it more energy-efficient. In addition to the complete refurbishment of five residential units (including renewal of the electrical installation), comprehensive and energy-efficient measures were carried out on the building envelope, which were subsidized via BAFA efficiency measures. The following measures were carried out in addition to the core refurbishment of the apartments:

-Complete facade insulation and replacement of all window sills
-Roof insulation
-Insulation of the basement ceiling
-Renewal of windows in three residential units
-Renewal of the heating systems
-Renovation of the hallway (incl. staircase renovation)

All the work listed was carried out by renowned specialist companies based in NRW.

Six of the seven residential units were newly let in 2024 and offer an excellent return on investment for the investor due to the "first occupancy after refurbishment". The annual net cold rent of the building is around €49,700 per year. In addition, there is the depreciation advantage due to the year of construction, which offers the investor an additional tax advantage.

All in all, this house offers a carefree investment.

With a population of around 580,000, the fourth largest city in North Rhine-Westphalia is considered an
important industrial and business location, as well as a university location with the
the University of Duisburg-Essen. Thanks to its central location, the city offers numerous
connections with several highways, excellent public rail and local transportation and proximity to Düsseldorf Airport. There are also
extensive range of leisure activities, for example with the Philharmonie
Essen, the Zollverein Coal Mine Industrial Complex and the Grugapark.

The property is located in the city center of Essen, in close proximity to the city
city center and therefore has numerous and, above all, easily accessible
shopping facilities, doctors, schools and leisure activities,
for example the Rathaus Galerie Essen or the Theater im Rathaus. Very good
connections to neighboring cities are provided thanks to the proximity to Essen's main train station
and the A40 highway.