$3,454,367

The location couldn't be better! This attractive real estate package is located in a very popular residential area of Elberfeld, above the Luisenviertel - Wuppertal's old town.Consisting of four adjoining apartment buildings and eighteen garages, this secure investment also has enormous potential. With the best building fabric and fittings in a location in which there were and are no alternative offers. Between the popular Luisenviertel and Ölberg residential districts, in the heart of Wuppertal, surrounded by historic buildings, the four houses are located in a closed residential development.A total of twenty-four apartments are spread across the four houses. The houses have been continuously maintained by a family that has owned them since construction began in the early 1960s and have even been modernized as far as possible, so that today they are in top condition!The façade was completely renovated around 2002 and fitted with thermal insulation. The central condensing boiler dates back to 2006 and supplies all four houses in a row. Insulated windows, a well-kept and dry cellar and a very harmonious tenant community round off the offer. The low fluctuation rate speaks for itself. 21 of a total of 24 residential units have been completely refurbished in recent years when tenants changed. The modernized apartments have a high standard of fixtures and fittings, such as new brightly tiled and modern bathrooms, predominantly parquet floors and flat trowelled walls.An absolute special feature and a great added value of the apartments is that each unit has a balcony or a small terrace facing the quiet rear of the building. This is rarely found in a residential area so close to the city center!The apartment sizes range from 47 m² to 90 m² and almost all apartments have an average of three rooms. On average, most apartments are around 65-70 m² in size. We will be happy to provide you with a list and overview.The stairwells, the entire basement and the attics are in excellent condition. A gardener also maintains the landscaped and accessible garden on the hillside.Due to the excellent and central location, the apartments are in high demand and are rented out quickly. This means that, apart from the vacant owner's apartment, there are no vacancies. The tenant structure is very homogeneous and pleasant and there is a good, neighborly atmosphere.The current rent level has been deliberately kept moderate and thus offers great potential for apartments of this quality and in this residential location close to the city center. The current rental income from twenty-three rented apartments and eighteen garages amounts to € 141,533.52 net cold per annum. This can be increased in the short term by more than € 24,5000 net p.a. (approx. 20 % of the current rental income) by expanding the residential potential and increasing existing rents. In addition, there is potential for expansion on all four dry floors - the unfinished attics.We will be happy to send you further documents and a current rental list on request. You will also receive comprehensive photographic material of the respective apartments after the change of tenant.

Amenities

• Bedrooms: 24
• Full Bathrooms: 24
• Partial Bathrooms: 0
• Property Type: Multi Family
• Home size: 17,480 ft² / 1,623.93 m²
• MLS: 23063023
• Web ID: Y3EZ3G
• Status: Available