Commercial apartment building in Duesseldorf, Germany, 899 m²

Multi-Family House

• Year Built: 1969

• Modernization: 2025

• Number of Apartments: 34

• Total Residential Area: 899 m²

• Plot Size: 171 m²

• Heating Type: Gas

Property Advantages:

• Centrally located in Düsseldorf (Worringer Straße) – an area with high rental demand.

• Enhanced rental potential following comprehensive modernization.

• 34 apartments enable flexible yield management.

• Potential for conversion to short-stay or serviced apartments.

Valuation:
The estimated market value may vary based on the following parameters:

• Current and potential rental yield,

• Quality and scope of modernization,

• Tenant status (occupancy rate, short-term vs. long-term leases),

• Maintenance and utility costs.

Appraisal Estimate (2025):

• Typical multiplier for Düsseldorf central MFH: ~22–28x annual net cold rent (Netto Kaltmiete).

• Assuming achievable rent of ~€15/m²:

Potential Annual Gross Revenue:
899 m² × €15 × 12 months = €161,820
Estimated Net Revenue: ~€140,000 (after expenses)
→ Conservative Valuation: €140,000 × 25 = €3,500,000
Indicative Market Price: €3,500,000