8-family house with balconies and 7 garages in Lüdenscheid-Dickenberg at factor 13 *commission-free*

For sale is a well-kept 8-family house in Lüdenscheid-Dickenberg, which was built in 1972 in solid construction. The building is located on a leasehold property with a size of 1,028 m², which runs until 13.03.2068. The annual ground lease fee is €1263.72, whereby a 100% loan from the bank is possible. The property has a full basement and a total of 7 garages. The MFH has a remaining useful life appraisal of 32 years, which means that it can be depreciated at 3.125%. With financing including KNK at a bank rate of approx. 6 %, it generates a surplus of approx. 700 euros / month.

Apartment layout:
The house comprises eight apartments, divided into four 3-room apartments and four 2-room apartments:
- 4 apartments with 3 rooms and approx. 80 m² living space
- 4 apartments with 2 rooms and approx. 60 m² living space

All apartments have balconies and offer spacious living areas. The bathrooms all have windows. The apartments are heated by electric storage heaters.
Three apartments were completely renovated in the last 2 years after moving out, including the bathrooms.

Cellar units: Each tenant has a cellar room at their disposal. There is also a communal drying room and a room for washing machines. There is a communal garden behind the house. The current property management, which looks after the property, can be taken over.

The property is being sold directly by the owner and is therefore commission-free.

Rental income:
The current rental income for the apartments amounts to € 46,032.00 (actual rent) per year. The rental income for the garages amounts to € 3,180.00 (actual rent) per year. The property therefore currently generates an annual net cold rent of € 49,212.00. There is further potential for rent increases, as 5 units are rented at approx. 5 € / sqm.

The house is located in the Dickenberg district of Lüdenscheid. The connection to the A45 highway (Lüdenscheid-Nord exit) can be reached in a few minutes, which makes the property particularly attractive for commuters. A kindergarten and an elementary school are within walking distance. Shopping facilities and other everyday amenities are nearby and can be reached quickly by car or bus.