Investment Well-maintained apartment building High-yielding

This well-kept apartment building is a property built in 2017 with a total of 8 residential units. The living space totals approx. 528.03 m², spread over 3 floors. Each apartment boasts a functional layout, bright rooms and modern furnishings.

Letting situation:
The apartment building is fully let and offers an attractive yield. The annual rental income currently amounts to approx. 67,095.85€. Thanks to the excellent location and high demand, the apartments are let on long-term leases.

Potential:
The property also offers potential for future value appreciation and an increased rental yield. Due to the high demand for living space in this location, rent increases are possible. The rent has only been increased once since construction. Rents are currently below the local rent index.
The garages are currently rented at €54 per garage (five garages).

The property is located in Geilenkirchen. Geilenkirchen is a medium-sized town in the western part of North Rhine-Westphalia in the district of Heinsberg. Daycare centers, playgrounds and sports fields, schools, as well as suppliers of daily necessities, are located in the immediate vicinity. Federal highway 56 and federal highway 221 run around the town of Geilenkirchen as a joint south-western bypass. The AVV bus routes of WestVerkehr connect Geilenkirchen, Gangelt and Heinsberg. The federal highway 46 begins/ends just a few kilometers to the northwest between Geilenkirchen and Heinsberg. The railroad station in Geilenkirchen on the Aachen-Mönchengladbach-Düsseld­orf line is within easy reach.