Apartment building with diverse development opportunities

This attractive and promising apartment building with a wide range of development potential boasts an attractive location in a quiet side street.

Four of the eight apartments are vacant and can be re-let following renovation/refurbishment work.

In addition to renovating/refurbishing the vacant apartments, the new investor should factor in investments to improve the hallway. Energy efficiency measures are also conceivable, which would enhance the value of the building and generate higher rental income.

The cellar, roof and garden are in good condition.

The actual rent is currently around € 28,000 p.a.. The target rent is approx. € 85,200 due to rent adjustments to the existing rents, energy renovation measures and new rentals of the apartments still to be renovated.

All apartments have cellar rooms, and there is also a drying room and a laundry room.

Langenfeld belongs to the district of Mettmann and is located in North Rhine-Westphalia, about 20 km south-east of Düsseldorf and 25 km south of the state capital Essen. The good infrastructure and connections to public transportation enable fast and smooth mobility. The area also benefits from the diversity of the Ruhr region.

Langenfeld (Rhineland) has no established town center due to the fact that it was formed from merged village communities. Instead, the town benefits from its natural surroundings and the numerous medieval motte and bailey castles. Several churches are also popular with residents. Leisure activities range from traditional sports to archery. The inhabitants of Langenfeld feel very comfortable thanks to the environmentally friendly transport network. An improved infrastructure and the town's dense population make it possible to provide sufficient housing for families and individuals.

There is a bus stop almost on the doorstep, the train station is within walking distance and the highway is just one minute away. Schools, supermarkets and other everyday amenities are within easy reach. Both nationally and microperspectively, you are impressively well connected here.