Residential building for 12 apartments in Germany 3D model

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Apartment building located in the town of Rees, boasting 12 apartments. The property generates a potential annual income of 64,368 euros, with an impressive profitability rate of 7.92%. However, the real profitability stands at a more modest 6.72%. Priced at 813,025 euros, this apartment building boasts a price per square meter of 909.42 euros. Situated in Dusseldorf city, the property was constructed between 1973 and 2016, spanning three floors. With a total area of 894 square meters, including a plot of land measuring 960 square meters, the property offers ample space for its 12 apartments. Currently, the property is partially leased, generating an actual annual income of 54,662 euros. Dusseldorf city enjoys a prime location on the right bank of the Rhine River, where it converges with the Dussel River. This convergence gave the city its name and positions it as a key player in the Rhine-Ruhr agglomeration, one of Europe's largest metropolitan areas. With an area spanning nearly 10,000 square kilometers, this agglomeration encompasses 20 cities and 14 districts, supporting a population of approximately 11 million people.