PROPERTY FEATURES
Asking price
€ 1.300.000
Rent P.A.
€ 75.422
Size
1,089 m2
Yield
5.8 %
FOR SALE

Blücherstraße 15, Herne, Germany

Property Description
Four apartment buildings with 18 apartments with a total floor area of 1.089 m² with rent increase potential. The apartments are currently rented with an average of € 4,50 per m². The rent index gives up to € 6,50 per m².

INVESTMENT INFORMATION
  • Asking price: € 1.300.000,-
  • Yearly rent: € 75.422,- 
  • Gross yield: 5,8% per year
CHARACTERISTICS: 
  • Years of construction 1920 - 1925.
  • Plastic windows with ISO glass.
  • 2 x gas central heating. Hot water via instantaneous water heater.
  • Electricity meter / switchboard in the cellar newly made 3 years ago. Partly front doors and apartment entrance doors have to be renewed.
  • The staircases would have to be partly painted again.
  • All apartments are rented, no problems with the tenants, rents come on time.
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