1 257 421 €
1 257 421 €
Sale price | 1 257 421 € |
Price per square meter | 617 € |
Floor area | 2 037 m² |
Number of storeys | 4 |
Address | Germany, Oberhausen |
Full Property Portfolio Description
Portfolio Overview
Total Market Value: €2,614,953
Required Investor Equity: €1,257,421
Acquisition Method: Purchase via GmbH company takeover (existing bank loan transferable).
Property 1: MFH 46117 Oberhausen
Year Built: 1965 (reinforced concrete floors) | Renovated: 2019–2023
Total Area: 1,139 m²
Residential Area: 794 m²
Commercial Space: 345 m²
Units: 11 apartments
Occupancy: 1 unit currently vacant (recently vacated).
Income:
Current Annual Rental Income: €87,528.00
Projected Full Occupancy Income: €89,461.72 (7.19% yield)
Property 2: MFH 44866 Bochum
Location: Prime area adjacent to a lush park, offering apartments with private balconies/terraces and serene park views.
Proximity: Two supermarkets within walking distance.
Year Built: 1910 (high ceilings, well-maintained)
Total Area: 897.53 m²
Units: 8 apartments + 4 parking spaces
Occupancy: Fully rented, but rent upside potential (below-market rates for long-term tenants).
Income:
Current Annual Rental Income: €70,625 (5.14% yield)
Projected Optimized Income: €81,150 (5.91% yield)
Portfolio Financial Summary
Total Current Income: €158,153 (12.57% yield)
Total Projected Income: €170,611 (13.56% yield)
Total Purchased Area: 2,037 m²
Investment Rationale
Turnkey Assets: Both properties are renovated and tenant-ready, with Oberhausen’s modern upgrades (2019–2023) and Bochum’s historic charm.
Location Advantages:
Oberhausen: Proximity to urban amenities.
Bochum: Parkfront setting and high tenant appeal.
Scalable Returns: Immediate rent increases achievable in Bochum; vacancy fill in Oberhausen.
Low Entry Barrier: Leverage existing loans to minimize equity requirement (€1.26M for €2.61M portfolio).