Frankfurt-Nordend: One Bedroom apartment (rented) for sale

Object Address

PLZ-ZIP Code:

60316

City:

Frankfurt

Part of City:

Nordend-Ost

District:

Hessen

Country:

Germany

Vital data

In a nutshell:

Very nice apartment in old style building, near Merianplatz and Berger Strasse in best Frankfurt Nordend location. The nearby Berger Strasse is a magnet for all generations, thus this apartment is best investment. 40 sqm size, balcony, laminate floor, fitted kitchen, double glazing, fully furnished. Apartment was fully refurbished some years ago. Currently rented until 31 May 2015.

Rooms:

2,0

Bedrooms:

1,0

Living space in sqm (Info):

40.00m²

Type of Condo:

Apartment

Year of construction (Info):

Old style from turn of the century

Balcony, Garden, Backyard:

Balcony / Loggia

Floor (groundfloor=0):

Condition:

refurbished

Status at handover:

rented

Current net rent per month:

635.00€

Asking price (Euro):

139.000€

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

5.95%

Payable by:

Buyer

Detailed Information

Freehold or Leasehold?:

Freehold

Monthly housing fee:

124.00€

Detailed description of property incl equipment:

Fully furnished, nice fitted kitchen, good quality.

With the current rent of 720 EUR warm and a monthly house management and utilities fee of 124 EUR and an annual (!!) tax of 30 Euro the investment gives a yield over 5%. That means at current interest rates it pays off itself by the rent! A good investment also for smaller budgets.

Description of location:

The Nordend Frankfurt has the Berger Strasse as the attraction nearby, two minutes from the block. There is also the subway station Merianplatz of the line U4 which travels into the city center every few minutes. This location is very much sought-after by young professionals; apartments of this type and size and fully furnished are the most wanted in Frankfurts city.

Connection to traffic routes / public transport:

Subway U4 two minutes walk, bus and tram about five minutes walk to Friedberger Platz.

General noise level of location:

Quiet

Number of Units in Building:

Renovations to be done in the flat:

none

Type of heating and warm water preparation:

Gas

More options on heating:

Single apartment boilers

Comments regarding parking situation: