Commercial apartment building in Oberhausen, Germany, 1 633 m²

A package of 3 apartment buildings is for sale.

Two houses in the city of Oberhausen (green and blue houses in the photo) and one house in the city of Marl.
Oberhausen:
- the right house (blue) was built in 1911
- the left house (svelo zeleny) was built in 1955, has reinforced concrete floors.
Complete renovation of the left house (in 2016),
3 complete renovations of the right house (in 2023),
the facades were repaired (in 2021),
central heating, district heating
The total area of the facilities is 1046 m2:
Room area 345 m2

Living area of 701 m2 - 11 apartments
The building has 5 floors
"The two adjacent buildings offer a mix of commercial and residential spaces, reflecting the essence of multifaceted urban life.
The strategic location in the old city center, next to the pedestrian mall and the municipal employment center, ensures high pedestrian traffic and convenience.
With the support of a development-minded municipality, significant investments are being made to improve and promote the area, highlighting its potential and value."
The loan for houses is issued at 2.75%, until the end of 2027
Two houses in Oberhausen are rented out and generate income per year: 95,994 euros
Possible annual income: 99,042 euros (rent has not been raised for a long time).
House in the city of Marl:
The house area is 587 m2
10 apartments
the house was built in 1966
apartment renovation in 2018-2023
central gas heating
There are 15 garages in the backyard, available for rent to both residents of the building and residents of the neighboring area, which increases convenience and value.
It is home to long-time tenants and a German company that provides housing to its employees, creating a diverse and stable community.
The loan for the house was issued at 2.65% until May 30, 2028
Annual income from the house: 65,292 €
It is possible to increase income up to 69288 € by adjusting rental rates.
__________________________________________________
In total, all 3 houses actually bring in a year: 161.290,56 € (~ 15,32%)
Possible income (when adjusting rental rates): 1 68.084 (~ 15.97%)

The total market value of 3 houses is: 2,017,008 euros
The required equity of the investor: 1,052,160 euros (when buying houses, loans on favorable terms issued earlier for their purchase are taken over).
The commission for the buyer is + 5.96% of the cost of a package of apartment buildings.
Details are available upon request after providing the LOI.