SOLD: See Case Study
Perfect income generating investment of 24 apartments located near city centre of Detmold
This property with 24 apartments is located in a popular residential area, next to the small lake. It has been rented over the years with a very low vacancy rate. It has a post office, bakery, school and bank at its doorstep. It is conveniently located only 12 min drive from Detmold city centre and 30min drive from Bielefeld. Aldi supermarket is a couple of blocks away and the bus line is just a few minute walk.
Units: 24 apartments
Current rent: €79,815
Rentable Sqm: 1,284 sqm
Mortgage included: Opt
It is a perfect income-generating investment with stable tenants and high rental yield. Mоst of the apartments has been completely refurbished and it has stable rental increase written in the contracts increasing rental income over the years. Rents are still below the market rates and are expected to continue to increase due to good location and demand for quality apartments.
KEY REASONS TO INVEST
- RENT: Fully rented.
- FULLY MANAGED: German based Property & Investment Management
The city of Detmold is located in the West part of Germany, close to the industrial area Ruhrgebiet. With its 73,000 inhabitants, it is the largest city in the county Lippe. The academy of music and the University of Ostwestfahlen-Lippe are located in Detmold and are important local employers together with several producers and financial service providers.
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