Nordend Mittelweg: Rented two-room apartment good price

ZIP Code: 60318

City or town: Frankfurt

Asking Price: € 251,000.00

Price per sqm living or other space: € 4,400.00

Brokerage commission to be paid by buyer incl. VAT (% of notarized purchase price): 5.95 %

Commission payable by: Buyer

Note on the commission: The buyer pays at the conclusion of the notarial deed a commission in the amount of 5.95% of the authenticated purchase price.

Size of Landplot: 947.00 m²

In a nutshell:
Two rooms, kitchen, bathroom, balcony in 60s building. Rented. Reliable tenant. Super location.

Year of construction: 1965

Detailed description of the object:
Two-room apartment with south-facing balcony in the best Nordendlage in Mittelweg. 2nd floor, elevator.
The apartment has a large living room, kitchen, inside bathroom, hallway, south balcony.
The building has a swimming pool, which is currently not in use. Renovation is planned, but not yet decided.
The building has a total of 26 units. The building is from 1965 and has a flat roof. This was completely renovated a few years ago. Due to the pool this apartment has no cellar room.
New modern central heating system was installed in summer 2018.

Federal country: Hessen

Type and age of windows:
Insulating glazed plastic windows

Kind and extent of refurbishments:
Balconies (also from this apartment) are currently being renovated (autumn 2018).

Description of location:
Best location in the central Nordend.

City district: Nordend-West

Public transport connection:
To subway station Grüneburgweg is about five minutes. Bus goes in the Oederweg (around the corner) in the city center (Hauptwache) is about ten minutes.

General noise level of location: Medium

Supplement to noise level: The middle ground itself is not a loud backdrop. The restaurant is animated in the sunny season by the outdoor terrace.

Type of energy performance certificate: Residential building consumption certificate

Final energy value: 191.00 kWh/m²a

Date of Energy Performance Certificate: 11 Jan. 2018

Year of Construction of the heat generator according to EPC: 2018

Energy consumption for hot water included: not included

Other info concerning Energy Performance Certificate: The energy certificate does not take into account the condensing boiler system renewed in 2018, which is operated with natural gas. Before there were two oil heating systems from sixties in the building.

Type of Condo: Apartment

In which floor (groundfloor=0) (German counting): 2

Total number of floors with ground floor and possibly top floor: 4

Approx. living area: 56.43 m²

Source or reference to the floor space information: In the division declaration, the plans and the floor area calculations are available. This is from 2007.

Rented out (details): Yes. rental contract from 2003

Number of rooms (German counting): 2.00

Number of bedrooms: 1

Number of bathrooms: 1

Height of rooms (in m): 2.50 m

Balcony, Terrace, Loggia: Balcony to the south

Co-ownership shares: 33/1000 MEA

Share of property on the land in %: 3.30 %

Monthly housing fee: € 335.00

How much (in EUR) of maintenance fund payment already included in housing fee: € 66.00

(More) Informations on maintenance reserve fund: The current status has been requested and is not available yet. The renovation of the heating system and the refurbishment of the balcony probably reduced the level of the reserve.

Note: For details, see statements that are made available during the visit.

Allocable to the tenant when letting (excluding property tax and CO-2 share): € 247.00

Source of these informations: Business plan 2018

General information on the renting situation: The lease is dated 1.4.2003. The division of the object took place in 2007.

Current net rent per month: € 560.00

Further information on the net rental income:
The rent was raised due to modernization of the heating to 1.2.2019 to 581 €.

Renovations done in the building: In 2018 refurbishment of the three smaller balcony rows, removal of the old and renewal of the heating system including hydraulic balancing; a few years ago, flat roof renovation; Installation of new cabling by Unitymedia in conjunction with a 10-year contract, for fast Internet, telephony, etc .; Renovation of the arcades

Renovations to be done in the building: Elevator (may need to be renewed); Swimming pool (here the ventilation system and with it the electrical system must be renewed); a row of balconies with the wide balconies still needs to be renovated. For the rest, see owner meeting minutes and decision-making, which can be made available if you are interested in buying.

Other information or specialties: The owner community keeps together very well. The new property management is top.

Status at handover: rented

Available as of: immediately