Well-kept apartment building in Wiesbaden with 6 apartments

ZIP Code: 65193

City or town: Wiesbaden

Federal country: Hessen

Asking Price: € 1,565,000.00

Price per sqm living or other space: € 3,184.00

Parking possibility: Six garages belong to the property

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.

Type of Land plot: Inner city

Size of Landplot: 876.00 m²

Does the property have oversize or is it additionally buildable:
no

In a nutshell:
Top investment property in Wiesbaden! Directly from private family property, well maintained and fully rented.

Year of construction: 1967

Detailed description of the object:
The building has three living floors and two identical apartments on each floor. The 3-room apartments each have 72.57 m² of living space, the 4-room apartments each have 94.57 m² of living space. All apartments have a balcony. The condition of the apartment is good. The bathrooms are modernized. The windows have been renewed. The roof was renovated. The burner and boiler of the oil heater have been replaced. The garage roofs have been renovated. The garage doors have been renewed.

Features:
The floors in the apartment have parquet, which was renewed at different intervals. In five apartments, the bathrooms have tubs with shower facilities; one bathroom has a shower.

Parking options:
Single garage

Comments regarding parking situation:
There are six individual garages, so that each apartment has a garage.

Type and age of windows:
The windows are double-glazed with plastic insulation and were renewed in 1992.

Notes regarding built-in kitchen: The existing fitted kitchens belong to the tenants

Type of energy performance certificate: Residential building demand certificate

Residential Building - Final Energy Value: 183.00 kW/m²a

Main energy source: Fuel oil

Year of construction of building according to EPC: 1968

Year of Construction of the heat generator according to EPC: 2004

Energy consumption for hot water included: included

Energy efficiency class: F (< 200)

Date of Energy Performance Certificate: 1 Feb. 2020

Type of heating and warm water preparation: Petrol

Age of heating system (approx): 15 years

Air condition: no

Billing for heating and hot water: Through consumption recording

Description of location:
Located in Wiesbaden Nordost, a few minutes from the city center, quiet location off the street, central, middle-class; approx. 500m to the city palace or palace square

City district: Nordstadt

Public transport connection:
Bus stop 1 min., 1,300 meters to the main train station

Connection to traffic routes by car:
The nearest Autobahn 66 takes about 5-7 minutes

General noise level of location: Quiet

Child friendliness of the location: Very child-friendly; Playground within walking distance, next day care center 1 minute; Elementary school and comprehensive school a few minutes walk away

MFH Number of residential floors total: 3

Living area: 501.42 m²

Gross area size (BGF): 725.00 m²

Floor area (full storeys): 544.00 m²

Cubature (enclosed space): m³ 2,387.463

Source or notes for the area informations: Floorplans

Type of construction: Foundations, basements, ceilings, stairs: concrete
Walls: masonry (30-24-10)
Flat roof: cross-ventilated wooden roof structure; Attica: aluminum shell
Staircase: artificial stone
Railing: steel with handrail
Balconies: sealed and tiled; with gutter
Windows: plastic double glazing
Doors: wood
Front door: heat protection and security door

Number of flats (apartments) in building: 6

Number of flats (apartments) per full size storey: 2

Attic storey developed: Flat roof

Basement (cellar area): Full basement

Heatable living or usage rooms in basement: No

Number of full sized storeys: 3

General information on the renting situation: The property has six rental apartments and is fully let

Current net rent per month: € 4,970.00

Further information on the net rental income:
Including 6 garages each € 60,-

Is the property fully rented out: yes

How much vacancy: none

Detailed rental schedule:

Lage | Wfl. m² |Beginn | Kaltm. € | Garage €
EG li | 94,57 | 01.11.1993 | 870 | 60
EG re | 72,57 | 01.03.2006 | 650 | 60
1. OG li | 94,57 | 01.01.1976 | 870 | 60
1. OG re | 72,57 | 01.08.2009 | 650 | 60
2. OG li | 94,57 | 01.10.2014 | 870 | 60
2. OG re | 72,57 | 01.10.2012 | 700 | 60

Jahreskaltmieten Wohnungen gesamt: 55.320,- €
Jahresmieten Garagen gesamt: 4.320,- €

Margin in % (annual net rent : purchase price): 3,83 %

Factor (Multiplier of the annual cold rent): 26.25

Renovations done in the building:

Residential building:
Renewal of windows in plastic double glazing: 1992
Renewal of bathrooms and toilets, including pipes and sewage pipes: 1996
Repainting of staircase: 2000
Roof renovation: 2001
Renewal of the oil central heating burner: 2001
Boiler renewal: 2004
Renovation of balconies (improved with tile covering and gutters): 2009
Front door: Renewed in 2012 (heat protection and security door)

The parquet floors in all apartments were regularly refurbished in case of wear and tear.

Garage facility:
Roofs renovated: 2001
Roadway and sewage of the garage yard renewed: 2002
Garage doors renewed: 2014