Detailed description of property incl equipment:
Chic 1 BR flat with wooden floor boards (refurbished in 2011), with fitted kitchen (2005), washing maschine (new), gas floor heating (modernized in 2007). When the current tenant moved in in 2011 all cosmetic repairs were done. In the kitchen partly timber piling, partly original terrazzo flooring. Bath with tub, refurbished in 2005. Insulated windows.
Currently leased to a very nice tenant, who wants to stay in the flat furthermore. Therefore a good investment in the first place. Especially with the actually low interest rates of e.g. about 3 % for ten years it pays itself off in short time. With an financing amount of 145,000 EUR for 3 % the repayment of the loan will only be 2200 EUR p.a. The increase in value within the next ten years because of the housing shortage in Frankfurt can mean an additional increase in return, and if you sell after ten years your profit will be exempt from taxes (according to present laws).
Connection to traffic routes / public transport:
Tramway station one minute, bus, train not far
Which is the most characteristic feature of this property:
Good investment in well cared for property