Two bed Apartment in Offenbach

Street: Eine Minute vom Martin-Luther-Park

ZIP Code: 63065

City or town: Offenbach

Asking Price: € 259,000.00

Price per sqm living or other space: € 3,080.00

Parking possibility: Underground parking space

Asking price for parking areas: € 5,000.00

Brokerage commission to be paid by buyer 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.

Type of Land plot: Inner city

Size of Landplot: 1,435.00 m²

Quality of living area: Average residential area quality

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.

Features:
Laminate in the living rooms; Bathroom tiled room-high, double-glazed plastic windows

Parking options:
Parking in underground garage

Number of residents whole community: 130.000

Federal country: Hessen

Kitchen built in: Yes

Notes regarding built-in kitchen: The fitted kitchen belongs to the tenant. No lessor obligation to replace defective devices.

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 energy performance certificate: Residential building demand certificate

Residential Building - Final Energy Value: 91.40 kWh/m²a

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

Year of Construction of the heat generator according to EPC: 1989

Energy efficiency class: C (< 100)

Date of Energy Performance Certificate: 29.04.2018

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

How much (in EUR) of maintenance fund payment already included in housing fee: € 35.24

Note: In the annual statement there was an additional payment of 930.67 euros.

In case of renting out payable amount by tenant: € 263.00

Source of these informations: Billing 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 units 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.

Condition: Groomed

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.

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

Status at handover: rented

When is object available: For personal use only after observing the statutory notice period.

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.

Registered public encumbrances?: Not (yet) inquired

Registered contamination?: Not (yet) inquired