Investment apartment with over 3 percent yield

Street: Vor der Pforte

ZIP Code: 63303

City or town: Dreieich

City district: Götzenhain

County (Kreis): Offenbach

Federal country: Hessen

Number of residents (approx.): 5000 Götzenhain; 45000 Dreieich gesamt

Asking Price: € 260,000.00

Price per sqm living or other space: € 2,900.00

Parking possibility: Parking space in the yard

Brokerage commission to be paid by buyer incl. VAT (% of notarized purchase price): 5.80 %

Commission payable by: Half by buyer and half by seller

Note on the commission: Seller and buyer each pay 2.5% plus VAT. when concluding a sales contract. The basis is the certified purchase price. The value added tax is 16% until December 31, 2020, and 19% again from January 1, 21.

In a nutshell:
Don't leave your money lying around in the bank! With this residential investment, you will achieve a return of over 3%.

Year of construction: 1977

Comment regarding year of building: Information from documents

Detailed description of the object:
Nice three-room apartment with good equipment and in good condition for sale. The apartment has three rooms (a large bedroom and a children's room or study, as well as a large living room), a separate kitchen with exit to the cozy balcony, TWO full bathrooms, a large basement room, a parking space behind the house. Floors with real wood parquet, 1 room with carpet.
Currently rented, personal use can be registered by the purchaser while observing the statutory notice period. The tenants have been informed that they would like to continue living in the apartment themselves as a tenant, but not buy it.

Features:
2 bathrooms, parquet, balcony, parking space

Type and age of windows:
Iso-glazed plastic windows

Disabled accessible: No

Barrier free?: No

Stepless access: No

Kitchen built in: Yes

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

Type of energy performance certificate: Residential building consumption certificate

Residential Building - Final Energy Value: 143,2 kW/m²*a

Main energy source: Fuel oil

Year of construction of building according to EPC: 1977

Energy consumption for hot water included: included

Energy efficiency class: E (< 160)

Year of Construction of the Heating System according to EPC: 1993

Date of Energy Performance Certificate: 9 May. 2018

Freehold or Leasehold: Freehold

Type of Land plot: Inner city

Size of Landplot: 2,904.00 m²

Quality of living area: Good location

Description of location:
The property is on the outskirts of the Götzenhain district, surrounded by fields and meadows. Ideal for people who like walking, hiking, cycling, who love peace and quiet and prefer to live a little bit outside of the hustle and bustle of traffic.

Public transport connection:
Bus connections

General noise level of location: Quiet

Type of Condo: Apartment

In which floor (groundfloor=0): 2. OG

Total number of floors with GF and possibly DG: 4

Approx. living area: 89.24 m²

Source or reference to the floor space information: New measurement by certified experts

Owner used: no

Rented out (details): Yes, since 2012

Number of rooms (German counting): 3.00

Number of bedrooms: 2

Number of bathrooms: 2

Balcony, Terrace, Loggia: Large nice balcony

Co-ownership shares: 39,81/1.000 MEA

Share of property on the land in %: 3.981 %

Monthly housing fee: € 365.00

Note: According to the 2018 economic plan, which is still valid in 2020

How much (in EUR) of sinking fund payment already included in housing fee: € 160.17

In case of renting out payable amount by tenant: € 157.00

Source of these informations: Economic plan

Sinking fund amount approx.: € 109,057.04

Reserve fund amount is per: 31.12.2019

(More) informations on maintenance reserve fund: The relatively high addition to the maintenance reserve should benefit the long-term value retention of the entire property. For example, the oil heating center has to be renewed soon, and one would like to switch from oil to gas; other repairs are also planned.

Renovations to be done in the flat: none

Special use rights: Cellar room no.24

Number of flats in the block: 32

Further hint regarding other than apartment units: Parking spaces depending on the allocation

General information on the renting situation: The lease has existed since December 1, 2012. In the case of personal use, the purchaser must observe a nine-month notice period from the transfer of ownership. The tenant has a three-month notice period at all times.

Current net rent per month: € 740.00

Further information on the net rental income:
Last increased on 1.12.2019