Residential
USD $1,014,900
Residential
Gelsenkirchen, Germany
EUR €895,000
USD $1,014,900
Gelsenkirchen, Germany
Listed by: VON POLL IMMOBILIEN Gelsenkirchen-Buer | von Poll Immobilien GmbH
Two solidly built apartment buildings with a total of approx. 11 residential units (originally 16) and a small store on the first floor are for sale. The buildings have a full basement and are situated on a spacious plot with a large inner courtyard, several garages and storage rooms and a covered shed that can be used as a parking space. Key data at a glance: - Two apartment buildings with full basements and a small commercial section - Originally 16 units incl. store; currently approx. 11 residential units after merging - Large courtyard area with XL garages (used more as storage rooms) and covered shed - One attic apartment in partially gutted condition (still with night storage heaters) - Other units converted to gas - New central heating system in place - Renewals in the area of electrical installations - Some apartments modernized to a high standard; other units in need of renovation - Dry floor available - Partly rented, partly owner-occupied (4 units) - After sale, several units are available for re-letting or owner-occupation Special features: This property is ideal for capital investors with development prospects or for investors looking for a mix of existing rental income and scope for development when units become vacant. The combination of solid building fabric, modernization work that has already been carried out and potential that is still open opens up attractive opportunities for value appreciation. Prospects: After the sale, several apartments will be available for immediate re-letting or owner-occupation. The property is suitable for both sustainable yield optimization and long-term portfolio management. We would be happy to send you additional documents such as floor plans, a rental schedule or site plans. Contact us for a personal viewing appointment or further information.
