Attractive apartment building with 8.5 % p.a. 22 units in the heart of Lüdenscheid

Property description
The historic building comprises 22 residential units, divided into 18 apartments measuring between approx. 18 and 35 m² and 4 larger apartments measuring 70 to 110 m². The listed façade lends the property a special charm, while the interior offers potential for extensive modernization measures to further increase the attractiveness and rental yield.
The property is currently predominantly let, although the full economic potential can be exploited through targeted modernization and conversion measures. The annual net cold rental income can thus be increased from currently around € 80,000 p.a. to up to € 100,000 p.a.
Layout of the residential units
First floor:
-Right side: 4 rented apartments (18-35 m² each), equipped with bathroom (shower), hallway and living room/bedroom with kitchenette. Apartment no. 4 has recently been completely renovated, including new triple-glazed plastic windows and modern furnishings.
Left-hand side: 3 residential units, each with bathroom, small kitchen and hallway. These units offer further potential for upgrading through renovations.
-Outside: An area formerly used as a bakery has been converted into a spacious apartment featuring a spacious living room/bedroom, a hallway and a modern bathroom (shower and WC).
1st floor:
-Right side: A spacious 110 m² apartment that features a balcony, a guest WC with shower, another bathroom with bathtub, a bedroom with en suite bathroom, a large kitchen, a hallway and two additional rooms. This unit is particularly attractive for a family rental or as a prestigious apartment.
-Center: A spacious apartment with hallway, private bathroom (shower), living room/bedroom and small kitchen.
-Left side: 4 rented apartments with the same layout as the units on the first floor.
2nd floor: Identical layout as on the 1st floor. Due to the high ceilings and flexible floor plans, the apartments and apartments offer further possibilities for individual design.
3rd floor:
-Left side: approx. 70 m² apartment with kitchen, living room/bedroom, separate bedroom and bathroom with bathtub. This apartment is ideal for couples or small families.
-Right side: A spacious residential unit with four rooms, a kitchen, a hallway and two bathrooms (one bathroom with bathtub, the other with shower). This could also be used as a shared apartment.
Basement and additional usable space
-Heating room: The property has a modern gas condensing heating system from 2021, which ensures an efficient energy supply.
-Communal laundry room: A central laundry room is available to all tenants.
-Cellar rooms: Four compartments for the larger apartments as well as a large room of approx. 130 m², which was previously used as a bakery. This room can be converted into an additional residential unit or used for commercial purposes.

Private sale without commission - estate agent inquiries are not welcome
For sale is an exceptional property in the center of Lüdenscheid, which impresses with its central location, historic architecture and enormous development potential. It is an impressive building that represents a profitable capital investment thanks to its wide range of possible uses. The property is ideal for investors who want to combine historical substance with the possibility of tapping into additional yield opportunities through modernization measures.
Location description: Lüdenscheid - a town with tradition and a future
Lüdenscheid, known as the "mining town", is the economic and cultural center of the Märkischer Kreis district in North Rhine-Westphalia. The town combines a long history with future-oriented development. The town center is characterized by a diverse mix of historic buildings, modern stores and cultural facilities. Its proximity to the Sauerland region and good connections to the Ruhr area make Lüdenscheid an attractive location for both residents and investors.
The property itself is located in the heart of the city, only approx. 50 meters from the train station and in the immediate vicinity of the town hall square approx. 150m away. This central location not only offers excellent public transport connections, but also shopping facilities, restaurants, cafés and cultural institutions within walking distance. The central location guarantees a high demand for living space and offers a wide range of rental opportunities for different target groups, from students to business travelers.