Commercial apartment building in Bochum, Germany, 557 m²

Germany. Bochum. Apartment building.
Apartment building in 44805 Bochum, 557 m² (plot upon request, m²)
Property ID: 17833
Online viewing
Remote purchase
€998,118
€1,791/m²
Property type: Apartment buildings
Year built: 1964/2022
Floors 1-2-3
Total area: 557 m²
Property status: Partially rented
6 apartments, 4 parking spaces
Actual annual income: €49,932 (5%)
Potential annual income: €56,232 (5.63%)
Year built: 1964
Heating system (2022),
Meters and electrical wiring (2022),
Apartment renovation (2021-2022)
Building area: 556 m²
Natural gas, mains electricity
Located in a highly desirable and sought-after residential area near the Ruhar Park shopping center, this residential building is an attractive option for both investors and tenants.
Residents enjoy a spacious, lush garden at the rear of the building, which contributes to a tranquil atmosphere and overall well-being.
The building features apartments with large balconies, prized for their outdoor space, and a floor with a cozy courtyard offering office space, ideal for tenants who prefer to work from home. The building has 4 apartments and 2 bedrooms.
The building has 3 parking spaces and 1 garage.
Actual annual income = €49,932.
If the building is fully rented out, we get a more interesting calculation:
Currently, there are potential tenants for all the premises, and we are currently in the process of signing contracts with them.
Then the annual income is €56,232.
The loan runs until 2025, after which the bank will extend the loan.
Interest: 1.59%
Loan principal: 2%
Buyer's commission + 5.95% of the purchase price.
Details upon request.
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