Street: Eine Minute vom Martin-Luther-Park
ZIP Code: 63065
City or town: Offenbach
Federal country: Hessen
Number of residents (approx.): 130.000
Asking Price: € 259,000.00
Price per sqm living or other space: € 3,080.00
Parking possibility: Underground parking space
Asking price for parking : € 5,000.00
Brokerage commission incl. VAT (% of notarized purchase price): 5.80 %
Commission payable by: Buyer
Note on the commission: The buyer pays at the conclusion of the notarial deed a commission in the amount of 5.80 % of the authenticated purchase price.
In a nutshell:
In the middle of Offenbach, 3 minutes from the train station, 1 minute from Martin Luther Park, 5 minutes from the pedestrian zone
Year of construction: 1989
Detailed description of the object:
It is a bright ground floor apartment in the center of Offenbach. New building from 1989. The apartment has 1 living room with 25.13 m², 1 dining room with 12.68 m², 1 master bedroom with 12.23 m², 1 children's room with 11.83 m², 1 hall with 3.35 m², 1 kitchen with 7.64 m², 1 bathroom with 6.81 m², 1 terrace with 4.98 m², 1 storage room in the apartment with 1.73 m² and 1 storage room in the attic. Due to the way these buildings are constructed, the terrace is located in the inner courtyard of the building complex.
Laminate in the living rooms; Bathroom tiled room-high, double-glazed plastic windows
Parking in underground garage
Kitchen built in: Yes
Notes regarding built-in kitchen: The fitted kitchen belongs to the tenant. No lessor obligation to replace defective devices.
Type of energy performance certificate: Residential building demand certificate
Residential Building - Final Energy Value: 91,4 kW/m²*a
Main energy source: Other sources
Main Energy Source - Other: District heating and cogeneration and fossil fuel
Year of construction of building according to EPC: 1989
Energy efficiency class: C (< 100)
Year of Construction of the Heating System according to EPC: 1989
Date of Energy Performance Certificate: 29.04.2018
Freehold or Leasehold: Freehold
Type of Land plot: Inner city
Size of Landplot: 1,435.00 m²
Quality of living area: Average residential area quality
Description of location:
The apartment is located in the building complex Martin-Luther-Park 2, Otto-Steinwachs-Weg 2-4 in the center of Offenbach.
Public transport connection:
Train and bus can be reached in three minutes on foot; Offenbach main station is practically around the corner.
General noise level of location: Medium
Supplement to noise level: Opposite is a kindergarten, so the background noise is definitely lively during the day
Child friendliness of the location: Good
Shopping facilities: Are from here on foot the best
Type of Condo: Ground floor
Total number of floors with GF and possibly DG: 4
Approx. living area: 84.00 m²
Rented out (details): The apartment has been rented to a family since 1.2.2003. The notice period for personal use is nine months. Notice of termination can only be given after the new owner has been entered in the land register. All in all, you can count on up to a year. Therefore, this apartment is mainly of interest to capital investors.
Number of rooms (German counting): 4.00
Number of bedrooms: 2
Number of bathrooms: 1
Balcony, Terrace, Loggia: There is a terrace of just over 4 m².
Co-ownership shares: 44/1.000 MEA
Share of property on the land in %: 4.40 %
Monthly housing fee: € 316.00
Note: In the annual statement there was an additional payment of 930.67 euros.
How much (in EUR) of sinking fund payment already included in housing fee: € 35.24
In case of renting out payable amount by tenant: € 263.00
Source of these informations: Billing 2019
Sinking fund amount approx.: € 29,281.62
Reserve fund amount is per: 31.12.2019
(More) informations on maintenance reserve fund: The apartment's share of the maintenance reserve is € 1,288.38. This portion is included in the purchase price.
Special use rights: At the storage facility with no.5 and parking space no.16
Number of flats in the block: 27
Massive or extensive refurbishments (year): Complete facade renovation in 2017. For this, 85,000 were withdrawn from the reserve and 30,000 were paid as a special contribution.
Planned actions: None
Already decided actions?: No. According to information from the property management, the apartment is in a proper condition, so that no urgent work is pending.
General information on the renting situation: The apartment was rented to a married couple in 2003 who have since lived in the apartment with their children; meanwhile two of the children have already moved out; one still lives with his parents.
Current net rent per month: € 735.00
Further information on the net rental income:
This includes the underground parking space.
Annual land tax: € 794.08
Comment to the cost positions: The property tax assessment was not yet available to us when this exposé was prepared, the property tax was determined from a letter from the city of Offenbach. Other operating costs, etc. can be found in the 2019 statement, which is available for inspection.
Margin in % (annual net rent : purchase price): 3,4 %
Factor (Multiplier of the annual cold rent): 28.33
Rights of separate use: At the storage facility with no. 5 and parking space no. 16 in the underground car park
Easements in section II land register: Available; Land register can be viewed. However, these have no value influence.
Public encumbrances: Not (yet) inquired
Registered contamination site?: Not (yet) inquired
Status at handover: rented
When is object available: For personal use only after observing the statutory notice period.
What is the outstanding feature of this property: Apartment with solid rental returns and reliable tenants
Comment: Due to the Covid-19 pandemic, an inside tour is only possible in the event of genuine purchase intentions. Therefore, the tenants have given permission to take extensive photos of the apartment. Further documents are also available on request.
Appointments for viewings: Possible by us after consultation with tenants. Corona rules must be observed.