Investment property of 14 apartments in Essen for sale.

Investment property of 14 apartments in Essen for sale.

Description
This well-kept apartment building is set on a 1,000-hectare plot in a sought-after central location.
The block of flats consists of 14 apartments, with an ideal size of 40 sq.m. - 44 sq.m. (With 2 rooms, kitchen, hall and bathroom) and apartments of about 57 square meters (3 rooms, kitchen, hall and bathroom), with attractive floor plans.
It has an elevator and underground storage rooms for each apartment as well as a common room with a washing machine and dryer for shared use.
The property includes approximately 13 parking spaces and is appropriately shaped and fenced.
The garden invites for relaxation and can be used by all tenants
Because of the attractive apartments, good general condition and central location, it ensures a continuous long-term lease.
Equipment
The whole apartment building is well preserved.
At regular intervals, renewals were conducted, e.g. Exterior painting of façade, stairway:
The year 2010/2011 renewed the windows, the external door and the door phone and mailbox system.
The heating is covered with friendly modern infrared heaters of the company. Redwell (heating costs are credited directly to the household).
The apartments are fully modernized, including bathrooms and kitchens (except for 2 apartments) which are equipped with electrical appliances.
This property is located in a very well preserved environment and close to the University of the City.

Location
The property is located in a sought after central location, right next to a city park.
The hotel is right next to the park.
The University of Essen and the city center are within easy reach.
Public transport and various shops are also nearby.

Further information
Annual net revenues currently amount to € 34,500 and income can be increased through rental of advertising space and through the imposition of rental car parks at around € 3,000. There is also the possibility and permission to rebuild, for example, 2 semi-detached single-family homes.
The property has been partly financed by public funds, which have been approved and have been fully reimbursed on 30/06/2015.
For any additional information and clarifications we are at your disposal.