Commercial apartment building in Bochum, Germany, 557 m²

• Year Built: 1964

• Renovations:

  • Heating system (2022)

  • Electrical wiring and meters (2022)

  • Apartment upgrades (2021–2022)

• Total Area: 556 m²

• Energy Sources: Natural gas + grid electricity

Location & Features

• Prime Location: Situated in a highly desirable residential area near Ruhar Park shopping center, appealing to both investors and tenants.

• Amenities:

  • Spacious, lush garden (tenant-exclusive use).

  • Apartments with large balconies.

  • Cozy courtyard with office spaces (ideal for remote workers).

• Units: 6 apartments + 4 parking spaces.

• Factor (Yield Metric): 18.5

Financial Performance

Acquisition Option: Purchase via company takeover (existing loan transferable).

• Required Equity: €510,879

• Loan Details:

  • Current Balance: €470,000

  • Interest Rate: 1.59% | Amortization Rate: 2%

  • Term: Until 2025 (extendable).

Current Income:

• Annual Rental Income: €33,624

  • Return on Equity: 6.58%

  • Net Yield After Interest: 3.88%

Projected Income (Full Occupancy):

• Potential Annual Income: €54,744

  • Return on Equity: 10.71%

  • Net Yield After Interest: 8.01%

Investment Highlights

1. Turnkey Asset: Modernized systems and renovated units ensure low maintenance.

2. Location Premium: Proximity to Ruhar Park boosts tenant demand.

3. Scalable Returns: Immediate upside by finalizing leases for vacant units.