The property
We are pleased to present an interesting property in Essen-Gerschede. This apartment building was constructed in 1912 and comprises four residential units with a total living area of approximately 265 m². The building has a full basement and also features a converted attic that provides practical usable space.
The central stairwell provides access to the individual apartments. On the ground floor, there are two units with different layouts. The apartment on the left offers approximately 31 m² of living space, including one room, a kitchen, an entryway, a recently modernized bathroom, and a small terrace with access to the garden. The apartment on the right features approximately 62 m² of living space, comprising two rooms, a kitchen, an entryway, and a bathroom. A special highlight is the sunroom with a view of the garden. On the first and second floors, there are two apartments with nearly identical layouts, each offering approximately 86 m² of living space. Both units feature three or four rooms, a kitchen, a balcony, and two smaller shower rooms each, providing a solid foundation for individual modernization and usage plans. The converted attic serves as practical usable space and expands the property’s potential uses.
An advantage for owner-occupiers: The apartment on the first floor is vacant and is not currently rented out. This means it could be used as a primary residence without the need for a prior termination notice based on the owner’s personal need. If desired, the apartment can be expanded from three to four rooms by dividing the large living room (see floor plan for the second floor). In addition, the balcony and the garden offer added value for owner-occupiers, as both areas can be used exclusively by the occupants.
The basement houses the standard building utilities, the heating system, a communal laundry room, and the storage rooms assigned to the apartments.
Three of the four residential units are currently rented out. The annual net base rent amounts to approximately €25,320. We will be happy to provide you with detailed information regarding the existing leases, rental terms, and the individual units upon request.
An added bonus is the already finalized plan for subdivision in accordance with the German Condominium Act (WEG). In addition to the legal subdivision of the building, this plan also provides for the division of the two large apartments on the first and second floors into two smaller residential units each. This opens up additional development potential—subject to the necessary approvals.
property data
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Property ID
780012996
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Object type
apartment building
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Location
Food
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Year of manufacture
1912
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Condition
In need of partial or complete renovation
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For Rent
Yes
Rooms
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Room
10
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Bathroom
6
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Balconies
2
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Patios
1
areas
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Lot size
approx.434 m²
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Total area
approx.265 m²
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Living space
approx.265 m²
Prices
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Purchase price
379.000 €
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The annual rent is
15.960 €
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The annual rent should be
25.320 €
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Outside commission
3,57% inkl. 19% MwSt. vom Kaufpreis
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Commission Notice
All information is provided to the best of our knowledge. Subject to errors and prior sale. In the event of a successful sale, the buyer shall pay Kartheuser Immobilien GmbH a buyer’s brokerage commission of 3.57%, including 19% VAT. The commission is calculated based on the notarized purchase price. This property listing is for informational purposes only; the notarized purchase agreement serves as the sole legal basis.
energy performance certificate
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Energy Performance Certificate Type
energy consumption certificate
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Energy efficiency class
E
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Year of manufacture
1912
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Major energy source
gas
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Final energy consumption
143 kWh / (m²*a)
Facilities
- Gas central heating (2002)
- Decentralized hot water system (instantaneous water heater)
- Flooring: mostly tile and laminate
- Electrical wiring from the 1980s
- Double-glazed wooden windows (1970s to 1980s)
- Bathrooms with showers mostly from the 1980s to the 1990s
- New bathroom on the ground floor on the left
- Garden shed
- Garden
- Laundry room for all tenants in the basement
Blueprints
Other information
Don't waste any time—send us your inquiry, including your full contact information (name, address, phone number).
If you’re interested in learning more, we’d be happy to provide you with our complete set of documents for the property. We have all property-specific documents available at the start of the marketing process. These include the cadastral map, land registry extract, energy performance certificate, floor plans, etc. In addition, we always check our properties for encumbrances, contaminated sites, any outstanding development costs, missing building permits, etc. We thus offer prospective buyers a solid foundation for a confident decision and peace of mind during the purchase.
A quick tip in advance: Discuss your financing options with your bank before scheduling a viewing appointment. This will give you certainty when planning your purchase and allow you to act quickly when making your decision. Many dreams of homeownership have already been dashed because sorting out financing took too much time afterward.
Are you thinking about selling your property? We’d be happy to advise you—with no obligation—on whether selling is worthwhile or if renting offers more advantages. In any case, setting the right price is crucial when selling. That’s why we offer a free market value assessment of your property by our appraisers. Just reach out to us. We look forward to hearing from you!
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