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AllGrund Property ID: 201306

Object Address
PLZ-ZIP Code: 
60488
City: 
Frankfurt
Part of City: 
Hausen
District: 
Hesse
Country: 
Germany
Vital data
In a nutshell: 
Very good investment opportunity for private owners who want a safe location with good yield. The house has been taken care of very well in the past 15 years and never was vacant. Five flats; four of them have sizes above 100 sqm, and one small apartment has 34 sqm. Total rent per year cold is 75.600 EUR. That is a yield of 5.21 percent. Good location, good public transport, six parking places.
Other area space not defined as living area: 
487.15m²
Type of Investment Property: 
Block residential
Year of construction: 
1998
Condition: 
good general condition
Status at handover: 
rented
Current net rent per month: 
6300.00€
Asking price (Euro): 
1.450.000€
Brokerage fee incl. VAT (% of notarized purchase price): 
5.95%
Payable by: 
Buyer
Detailed Information
Size of Landplot: 
605.00m²
Other space size: 
55.00m²
Freehold or Leasehold?: 
Freehold
Annual land tax: 
3067.20€
Detailed description of property incl equipment: 

This house was built in 1998 by a partnership of four private owners and was managed since then by the skilled hands of one of the most experiences realtors in Frankfurt. By reason of different plans the four owners decided to sell the property. The plan was to sell it as five investment flats to separate owners - for that purpose the house was divided into five individual units in the land register and was put for sale. There is also the unique opportunity to buy it as a whole block.

The house was finished in 1998, has attractive architecture and has a nice piece of land. In the ground floor are two maisonette flats - over two levels, basement and ground floor - of 109.18 and 114.31 sqm. Both are connected with the garden. One was built suitable for disabled or elderly people. On the upper floor are two maisonette flats, reaching into the attic area, with 123.04 and 106.89 sqm size. There is one small flat at the upper floor with 33.73 sqm. All flats are of very good quality, with insulated extra strong windows, security doors, laminate floor, bathroom and guest toilet (not in the small flat), central gas heating and balcony or garden usage. A playground for common use by the people in the house has also been built. Each flat has a storage room.

All flats are with built in kitchens; three of them have recently been renewed (see the photos).

The windows are of very special high quality, keeping the sunshine heat out in summer and keeping the heating system energy inside the building in winter.

House was built in traditional German quality.

Margin (annual net rent : purchase price): 
5.21 %
Price per sqm: 
2970 €
Description of location: 

Hausen is a small but very traditional nice location located northwest of Bockenheim, and has an idyllic charme by its location on the Nidda river. Besides the Main there is also the Nidda in Frankfurt, which crosses the west side of the city and finally merges with the Main in Hoechst. Hausen is the location of the Japanese school in Frankfurt. Many opportunities for cycling along the river; for swimming in the Brentano bath, Hesses largest outdoor bath, jogging and walking. Shopping facilities are close by, the largest well known is the North-West Center mall.

Connection to traffic routes / public transport: 

The tram / underground line number 7 is just around the corner. From U 7 stop Hausen ten minutes to Alte Oper, City Center.

Although the tram passes by very close to the house, you hear next to nothing because it goes at very slow speed due to the tram stop right around the corner.

General noise level of location: 
Quiet
Number of Units in Building: 
5
Renovations done in the building: 

The building has been well kept and is in very good shape.

Renovations to be done in the building: 

Renewal of gas boiler recommendable in the next years.

Estimated cost for this: 
10000.00€
Type of heating and warm water preparation: 
Gas
More options on heating: 
Central heating system
Age of heating system (approx): 
15 Years
Parking options: 
Parking place outside
Parking options: 
Duplex parking
Comments regarding parking situation: 
There is no parking shortage in the area, but six parking spaces already come with the building anyway.
Which is the most characteristic feature of this property: 
Attractive investment in very good condition and location

 


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Use the form below to contact us about this offer


The information you send us via this form is 100% encrypted using modern encryption standards.

Please share any information about your real estate search, times of your availability for visits and everything else that is important  The more information we have in advance, the better we can respond to your request. If you do not want to write anything, that's ok too.

You do not have to send us a phone number. However, it makes it easier to arrange a short-term appointment with you or to clarify any queries, if we can also contact you by phone.

If you have problems to send the form, just call us at +49 6103 310847 or +49 151 7272 9596