Siegen, North Rhine-Westphalia 57078

Attractive apartment building with commercial unit and development potential in Siegen-GeisweidThis well-kept apartment building from 1907 is located in a central and sought-after residential area of Siegen-Geisweid. It offers investors an excellent opportunity to invest in a solid, profitable and sustainable property.The building is in a well-maintained condition throughout.Major modernisations were carried out in 2012, 2017 and 2020. In addition, maintenance measures are carried out on an ongoing basis to ensure that the value of the property is retained.The property comprises: 12 fully rented residential units A commercial unit with attached storage room on the ground floor approx. 490?m rentable area (of which approx. 430?m living space and approx. 60?m commercial space)Rental income & development prospectsCurrent earnings situation Actual net rent: approx.? 35, 500?/year with almost complete rental Fully furnished apartments, can be re-let quickly, stable tenant structurePotential for optimization Owner's apartment (approx.? 160?m):- Rental as a total area: +14, 000?/year- Division into two units: additional price per square metre & target group expansion? Total income potential target net rent: up to 49, 500?/yearMore options Attic conversion: approx.? 60?m additional rentable area Ground floor reserve area / warehouse: expandable as residential or commercial space? Further increase in rental income possible. As is so often the case, the best offers don't stay in the shop window for long. So don't hesitate and call now to get a personal impression on site.Data on energy value: 99.3 kWh/(m/a), class: C, year of construction of plant technology: 2017, certificate type: energy performance certificate, energy source: gas.