In a nutshell:
Investment property in best Nordend-Location in Frankfurt. Multiple block with five floors plus cellar. On each level a rental unit. At the ground floor commercial, from 1st upper floor to top floor very easily rentable 2 BR flats in perfect sizes from about 72-75 sqm. Current net rent about 48.000 €. Can be increased to 60.000 €. Commercial unit will be vacant and available to rent out newly from 1 Dec. 2012. Building got fully renovated, facade at front and back been painted. Roof, rain drainage piepes, floors, windows, gas boilers in all flats except one were renovated and refurbished as needed. Bathrooms with tubs and white tiles. Parquet floors. No repair backlogs.