Address of the Real Estate

60489

Frankfurt am Main

Rödelheim

Hessen

750.000

Purchase Price and Realtor Commission

€ 595,000.00

Price does not include the plot of land because it has heritable building rights

€ 2,621.00

There are two garages on the property, which is included in the purchase price

5.80 %

Buyer

The buyer pays at the conclusion of the notarial deed a commission in the amount of 5.80% of the authenticated purchase price.

Description of property

Heritable building right remaining term 39 years, annual lease rent € 2,992; with full letting approx. € 27,000 annual net rent income

1962

Three-family house with two full storeys, developed attic. Ground floor and top floor rented, 1st floor free and renovated. Partly insulated (on the weather side).

The ground floor and first floor were completely renovated in 2014 and 2015 (new surfaces, ceilings, walls, floors, new electrics, new radiators, insulated radiator niches, new water and sewage pipes, a new bathroom by merging the old bathroom and toilet, a new one Storage room was also created in this way.
The heating system was renewed in 2019, the loft, the basement ceiling and the north facade were insulated as insulation measures. The chimney head was renewed in 2018, the garage roofs in 2016.

Energy Performance Certificate (EPC) Data

Residential building consumption certificate

198 kW/m²*a

Natural gas

1964

included

F (< 200)

1985

14 Aug. 2018

Land plot data

Leasehold

Inner city

562.00 m²

Description of location

The house is located in a quiet side street of Rödelheim. Local supply centers are easy to reach. Brentano-Bad, Rewe, Aldi etc. are also within walking distance. The Nidda is only a few hundred meters away.

Rödelheim train station with S 3, S 4, S 5 is only about ten minutes away. From there also city buses in different directions.

Quiet

Multiple dwelling unit - specific data

3

227.00 m²

Solid

3

1

yes

Full cellar

no

2

Rental situation

Ground floor tenant € 780 cold rent for 83 sqm, + € 50 for a garage. Unchanged since rental began on November 1st, 2014.

One of the two original tenants in the attic has been in the apartment since 1.1.2000. With a new lease, the apartment was taken over to one of the original tenants on March 1, 2014, but now in a shared apartment with another tenant. According to the rental agreement, the basic rent is € 460; since 1.1.2020 increased to 500, - € cold. From January 1st, 2022, it will be increased to € 530. The garage was rented for € 50.

The apartment on the 1st floor is free.

The annual net rent can be increased to € 26,880 when renting the 1st floor at the same conditions as the ground floor. After deducting the annual ground rent, this means a return of 4% on the purchase price!

Photos