The Investix wealth management team have created another excellent turnkey investment in Bochum, a large city in North Rhine Westphalia. The property is ideally located 20 minutes from the centre of Dortmund and 15 minutes from the centre of Bochum. This portfolio is ideal for a buy-to-let investor seeking a solid rental income with excellent mortgage conditions. The investment package consists of a multi-family house with 8 apartments, generating a solid rental yield of 6,23%. Located on a quite residential side street, this pleasant location speaks for itself, as all shopping, doctors, schools and kindergartens, supermarkets and the center of Gerthe are within walking distance. A stop for line 308 is not far away and offers good connections to the public transport network.
Key Investment Features
- 8 Units
- €50,000 refurbishment budget included in the price – provision for new heating system and modernisation of two apartments.
- 6 apartments fully renovated to a high standard.
- Potential rental income with an extra 30 sqm of living space and 4 garages.
- Bochum has over 360,000 inhabitants
- Property is located 20mins to the centre of Dortmund and 15mins to the centre of Bochum
- Mortgage of €450,000 with a low interest rate of 2% fixed for the next 10 years