Frankfurt-Eckenheim: Leased two bedroom apartment in well-tended apartment block (no high rise)

Object Address

PLZ-ZIP Code:

60435

City:

Frankfurt

Part of City:

Eckenheim

District:

Hessen

Country:

Germany

Vital data

In a nutshell:

A secluded three bedroom apartment with good floorplan, with balcony, in a leafy borough, at the moment rented for 500 Euro per month. The friendly tenant is absolutely reliable. The apartment is in a good condition, but has to be refurbished, if the tenant will move out once (the tenant lives in the apartment since thirty years now and is a lusty mid-eighty). The apartment is located in the raised groundfloor of a house with twelve apartments at the end of a blind alley. The condition of the common property is good.

Rooms:

3,0

Bedrooms:

2,0

Living space in sqm (Info):

76.70m²

Type of Condo:

Raised ground floor

Year of construction:

1964

Balcony, Garden, Backyard:

Balcony / Loggia

Floor (groundfloor=0):

Condition:

run-down

Status at handover:

rented

Current net rent per month:

500.00€

Asking price (Euro):

140.000€

Brokerage fee incl. VAT (% of notarized purchase price):

5.95%

Payable by:

Buyer

Available as of:

immediately

Detailed Information

Size of Landplot:

809.00m²

Freehold or Leasehold?:

Freehold

Monthly housing fee:

426.76€

Payable utilities by tenant:

291.00€

Detailed description of property incl equipment:

To the common property belongs a big garden, that can be used by all tenants (access through cellar).

To the apartments belongs a storage room in the basement and in the attic. Central heating without warm water, there is a gas-boiler in the apartment.

The apartment has a perfect floorplan for a small familiy or a couple, but can be used as a good single-apartment, too.

Margin (annual net rent : purchase price):

4.28 %

Price per sqm:

1830 €

Description of location:

The object is located at the end of a blind alley and is therefore very quiet. The bordering houses are also built in the sixties. The complex was constructed by Hausbau Wüstenrot, a german quality home loan bank.

Connection to traffic routes / public transport:

You can reach the underground railway in about five minutes, also the autobahn. To reach the city you drive over the Eckenheimer Landstraße.

General noise level of location:

Quiet

Number of Units in Building:

Renovations done in the building:

see the minutes of the community of owners, which can be made available to seriously interested persons

Renovations to be done in the building:

ditto

Funds available in the reserve account ca.:

20000.00€

as per date:

31.12.2010

Renovations done in the flat:

Renovations to be done in the flat:

Nothing, that has to be done on short notice, but if the tenant will move out, you have to refurbish the apartment.

Estimated cost for this:

15000.00€

Type of heating and warm water preparation:

Gas

More options on heating:

Central heating system

Age of heating system (approx):

20 Years

Parking options:

Streetparking

Comments regarding parking situation:

The tenant has rented a lock-up on the adjoining property, which he wants to recommend at his move out to a next tenant.

Which is the most characteristic feature of this property:

Attractive purchasing price and reliable tenant

AllGrund Property ID: 201256

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