Commercial apartment building in Oberhausen, Germany, 1 139 m²

Property built in 1965 (reinforced concrete floor slabs).

Renovation carried out between 2019-2023.

• 11 apartments in the building.

• Total building area: 1139 m²:

  • Residential area: 794 m²

  • Area of 1 commercial unit: 345 m²

Property Characteristics: A three-story, corner property built in a striking gothic brick architectural style, offering a mix of commercial and residential units, each with two separate entrances for privacy and convenient access. The building has undergone significant modernization, featuring a new district heating system (Fernwärme) resulting in a high energy efficiency rating of D, along with renovated apartments meeting modern living standards. Benefiting from a prime location, the ground-floor commercial unit enjoys high foot traffic, while the residential units are in strong demand, achieving near-full occupancy. The property is fully tenanted except for one small vacant unit of 16 m², presenting an additional rental income opportunity.

(Note: The property is not currently fully tenanted, as one apartment has recently become vacant after the tenant moved out).

• Actual Annual Rental Income: €88,616.40 (Yield: 7.39%)

• Potential Annual Rental Income (Full Occupancy): €89,461.72 (Yield: 7.46%)