Nordend Mittelweg: Vacant two-room apartment

ZIP Code: 60318

City or town: Frankfurt

Asking Price: € 235,000.00

Price per sqm living or other space: € 4,123.00

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. Need for renovation. Great location.

Year of construction: 1965

Detailed description of the object:
Two-room apartment with balcony in the best Nordend location in Mittelweg, 1st floor.
The apartment has a large living room, kitchen, inside bathroom, hallway, south-facing balcony. The building has a swimming pool, which is currently not in use. Repairs to the dehumidification system and its electrical system are planned but not yet decided.
The facility 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 swimming pool, this apartment has no basement room.
A new central heating system was installed in the summer of 2018 with condensing technology and hydraulic balancing.

Features:
Laminate, woodchip wallpaper, old fitted kitchen

Federal country: Hessen

Type and age of windows:
Double or insulation glazing

Kind and extent of refurbishments:
Balconies (also from this apartment) were currently 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 heating and warm water preparation: Gas

Air condition: no

Billing for heating and hot water: Through property management resp. Techem

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: 56.99 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.

Owner used: No

Rented out (details): No

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: € 269.00

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

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): € 142.00

Source of these informations: Business plan 2018

Do extensions or outbuildings exist: A common bicycle shed

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: vacant

Available as of: immediately