Solid investment - here you make good profits!

Full Description

A high-yield Gründerzeit property in a central location is up for sale. The apartment building was massively built around 1912. On approx. 225 m ² floor space three housing units are distributed, of which all are at present rented and/or inhabited. On each floor there is an apartment. The current owners use the unit on the 1st floor, so that after a sale it can be used for their own purposes.

The building substance of the building is solid. Basically there is a need for modernisation, but the burner of the central heating was already renewed in 2012.

The rental income, including the imputed rent for the owner-occupied apartment on the 1st floor, currently amounts to around 12,000 € p.a.

  • plastic windows
  • Oil heating 1997

An agent's commission in the amount of 3.57 % of the purchase price incl. legally applicable VAT of 19% is due upon conclusion of a notarised purchase agreement.

The Energy Performance Certificate is currently being issued and will be available soon.

Iserlohn is located in southwestphalia in the southeastern border zone of the Ruhr area, east of Hagen. The city area is crossed in the west by the Lenne on a length of 7.2 30 and is bordered by the Ruhr in the north to the district of Unna. The large district town of Iserlohn has approx. 93,000 inhabitants and is thus the largest town in the Märkischen Kreis and Sauerland. Those interested in culture should pay a visit to the Iserlohn city museum, the art galleries and one of Iserlohn's worth seeing churches. You can also be accompanied by one of the expert city guides through the remarkable history of Iserlohn. The Historische Fabrikanlage Maste-Barendorf with its artists' studio, café and the only needle museum in Germany to date invites you to stroll around. A visit to the Dechen Cave, one of the largest dripstone caves in Germany in the Letmathe district, is also a must. Nature and recreation seekers feel at home at the Seilersee, the Stadtwald or the Volksgarten. Iserlohn is the seat of two universities. All types of schools and kindergartens as well as other care facilities are also available in Iserlohn. Iserlohn can be reached via the A46, B7, B233 and B236. Three railway lines run through Iserlohn: the Letmathe-Iserlohn line, the Ardeybahn (RB 53) (Iserlohn-Schwerte-Dortmund) and the Ruhr-Sieg line (Hagen-Iserlohn-Letmathe-Siegen). The nearest airport is in Dortmund and can be reached by car in approx. 35 minutes.

The property is centrally located in the city district, a Rewe and an Aldi supermarket are within walking distance. The city centre as well as schools, doctors and other shops and service providers for daily needs are in the immediate vicinity.


The information contained in the property summary is based solely on information provided by the vendor. realbest Germany GmbH therefore accepts no liability for the accuracy or completeness of the information contained in the property summary. We would like to explicitly state that we have not verified this information either in law or in fact and therefore recommend that you seek legal counsel or advice from appropriate experts. All floor space measurements are approximate. Our general terms and conditions apply.

Key Information

Property ID: 34123475
Price: £147,185
Property Type: Self Build
Categories:

  • Residential Property
  • House

Multi-family house, year of construction 1912, built-in kitchen, bathroom(s) with window, shower, bathtub, no usable balcony/loggia/terrace, central heat