We are happy to offer you a profitable apartment building in the city of Bergneustadt (North Rhine-Westphalia), located about 50 km. from Cologne. The building was built in the mid 1960s and has a solid construction. The property has been partly modernized over the years and is in very good condition.
The offered property is a residential complex with a living area of about 2,140 square meters, which is located in a convenient location in Bergneustadt on a plot of about 3,200 square meters. The property consists of 6 floors and a basement. There are 24 apartments in total, 4 apartments on each floor. There are 34 garages in the rear area and about 20 open parking spaces for residents and guests. Garages were built in the mid 1990s.
All apartments consist of 3-4 rooms and have an area of 80 - 105 sq. m. Apartments from 2nd to 6th floors have balconies. At the entrance there is an elevator.
Price - 1 899 000 euros (Share Deal)
Total area - 2 140 sq. m.
Rental income - 120 000 euro / year
Profitability - 6.35%
Bergneustadt is a city in Germany, in North Rhine-Westphalia. Subordinated to the administrative district of Cologne. Part of the district Oberbergis. The population is about 20 thousand people. The nearest major cities are Wuppertal (100 km, population about 350 thousand people), Cologne (60 km, population about 1.1 million people), Bonn (86 km, population about 320 thousand people).
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Do not miss the opportunity to purchase a multi-family apartment building in North Rhine-Westphalia!