ETW with 6% yield - 6-person shared flat 1km from the university - no estate agent commission!

Attractive condominium as a capital investment - 6-person shared flat near the university - No estate agent commission!

A freshly renovated 6-room apartment is for sale, ideal as an investment. The apartment is only about 1 kilometer from the University of Essen and is therefore perfect for students. Important: There is no estate agent's commission!

Highlights of the apartment:

Living space: approx. 140 m² spread over 2 floors
Number of rooms: 6 furnished rooms, currently all rented out
Bathrooms: 3 modern bathrooms - 1 with bathtub, 2 with shower
Kitchen: Large, well-equipped fitted kitchen with seating area and a smaller kitchen in the upper area. The fitted kitchen is fully functional and includes all major appliances.
Flooring: Mainly parquet floors, giving the apartment a warm and welcoming atmosphere.
Balcony: The balcony is available but needs to be repaired.
Year of construction: 1908 - however, the apartment and the bathrooms were extensively renovated in 2011. The windows and electrics were also partially renewed, so that the apartment is in a modern and well-maintained condition.
Heating: Renewed in 2022, ensures an efficient heat supply.
Location: Only 1 km to the University of Essen - ideal location for students
Financial details:

Current rental income cold: 1,944.00 euros per month
Current warm rent: 2,640.00 euros per month
Current house rent: 391.00 euros per month
Yield and rental income: The apartment achieves an attractive yield of 6% at the stated purchase price. Due to the graduated rent agreed in the rental contract, the yield will continue to increase in the coming years - an ideal investment for the future!

Attractive rental demand: The apartment is currently fully let - all 6 rooms were taken after just one viewing day! There were more interested parties than rooms, which underlines the high demand and the potential for future tenants. It is therefore not expected to be a problem to find new tenants should this become necessary.

Further details:

The rooms are fully furnished and offer comfortable facilities for tenants.
The apartment is currently fully let and offers a stable source of income.
Good access to public transportation and infrastructure.

Summary: This condominium is attractive not only because of its location and furnishings, but also because of the high rental demand and the opportunity to benefit from a solid yield and rising rental income. With its modern fixtures and fittings, high-quality fitted kitchen, renovated electrics and refurbished windows, this property offers a secure and profitable investment - without any estate agent commission!

Please do not hesitate to contact us for further information or to arrange a viewing.

The apartment is located at Süderichsstraße 12, a quiet yet central location in Essen, only approx. 1 km from the university - ideal for students. The direct proximity to the university makes this property an attractive location for student flatshares and ensures high rental demand.

There are numerous everyday amenities in the immediate vicinity, including grocery stores, fitness studios and GP surgeries, which are easily accessible on foot or by bike. The city center of Essen is only a few minutes away and offers a variety of shopping and leisure options.

The public transport connections are excellent. With bus and streetcar lines in the immediate vicinity, you can quickly reach all important destinations in Essen and the surrounding area. Whether you are on your way to university or commuting, the connections could hardly be better.