Two apartment buildings, Essen, Germany

Additional information is provided after the signing of an NDA

Two apartment buildings, Essen, Germany

949,000 €
Mortgage calculator
Send a request
Total area: 1,005 m² Yield: 7.4% Built in 1959
Send a request
  • Operating Incomе: 70,000 €
  • Land area: 497 m²
  • 5-floor building
  • Occupancy: 100%
  • Notary (state registration): 2.0%
  • Acquisition tax: 6.5%
  • Broker: 6.0%

Two residential houses.


The houses consist of 16 apartments. The apartment sizes span between 51 m² and 70 m². 

Some apartments have balconies. One apartment has an access to the terrace.

There is a garden in a courtyard. 

There is a laundry in the basement.

All apartments are rented.

The building was built in 1959. The houses are repaired as necessary.


  • PVC windows
  • intercom
  • central gas heating system

Financial performance

Absolute annual income is 70,000 €.

The current yield of 7.4%. 

Transaction costs

Notary (state registration) is 1.5 – 2%.

Acquisition tax is 6.5%.

Brokerage fee is 5.95%.

Location and nearby objects

The houses are located in the northern part of Essen, close to public transport stops. The Essen University is situated in a few-minute drive from the buildings.

More properties

If this property wasn’t for you, take a look at other apartment buildings for sale in Germany.

You can see more apartment buildings for sale in Essen elsewhere on our website.

Similar listings

We select ads that may interest you.

Enquire about this apartment building
Julia Morozova
Julia Morozova
Senior Investment Consultant
+44 17 4822 0039
Send a request
    When you submit a request, you agree to our terms and conditions
    • Bank financing from 1.5% annually
    • Construction site audits
    • Management company services