Flat for sale 6+1 • 141 m² without real estateSüderichstraße 12 Essen Nordviertel Nordrhein-Westfalen 45141

Attractive Condominium as an Investment – 6-Room Shared Apartment Near the University – No Broker Fee!

For sale is a freshly renovated 6-room apartment, ideal as an investment. The apartment is located only about 1 kilometer from the University of Essen and is therefore perfect for students. Important: There is no broker fee!

Highlights of the Apartment:

• Living space: Approximately 140 m² spread over 2 floors

• Number of rooms: 6 furnished rooms, currently all rented

• Bathrooms: 3 modern bathrooms – 1 with a bathtub, 2 with a shower

• Kitchen: A large, well-equipped fitted kitchen with a seating area as well as a smaller kitchen on the upper floor. The fitted kitchen is fully functional and includes all the essential appliances.

• Flooring: Mainly hardwood floors, which provide the apartment with a warm and inviting atmosphere.

• Balcony: A balcony is available, but it will need to be refurbished.

• Year built: 1908 – however, the apartment and the bathrooms were comprehensively renovated in 2011. During this renovation, some of the windows and electrical installations were also updated, leaving the apartment in a modern and well-maintained condition.

• Heating: Renewed in 2022, ensuring efficient warmth.

• Location: Only 1 km from the University of Essen – an ideal location for students.

Financial Details:

• Current cold rental income: 1,944.00 Euros per month

• Current warm rent: 2,640.00 Euros per month

• Current service charge: 391.00 Euros per month

• Yield and rental income: The apartment achieves an attractive yield of 6% at the stated purchase price. Due to the graduated rent stipulated in the lease, the yield will further increase in the coming years – an ideal investment for the future!

Attractive Tenant Demand: The apartment is currently fully rented – all 6 rooms were already allocated after just one viewing day! There were more interested parties than rooms, which emphasizes the high demand and the potential for future tenants. Therefore, it is expected to be no problem to find new tenants if needed.

Additional Details:

• The rooms are fully furnished and offer a comfortable setup for the tenants.

• The apartment is currently fully rented and provides a stable source of income.

• Good connections to public transport and local infrastructure.

Conclusion: This condominium is attractive not only because of its location and features but also due to the high tenant demand and the opportunity to benefit from a solid yield and increasing rental income. With its modern amenities, high-quality fitted kitchen, updated electrical installations, and renovated windows, this property offers a safe and profitable investment – and all without a broker fee!

For further information or to schedule a viewing appointment, please do not hesitate to contact us.

The apartment is located at Süderichsstraße 12, in a quiet yet central location in Essen, only about 1 km from the university – ideal for students. The immediate proximity to the university makes this property an attractive site for student shared apartments and ensures high demand for rental.

In the immediate surroundings, you will find numerous everyday amenities, including grocery stores, fitness studios, and general practitioner offices, all within easy walking or cycling distance. Essen’s city center is only a few minutes away and offers a wide range of shopping and leisure options.

The public transport connections are excellent. With bus and tram lines nearby, you can quickly reach all the important destinations in Essen and the surrounding area. Whether it is for the commute to the university or for daily commuting, the connectivity could hardly be better.

The apartment was renovated in 2011 and new bathrooms were installed. The heating system was updated in 2022. This year, the entire apartment was renovated and each room was furnished. Additionally, a fitted kitchen is available.