Well rented 3 bedroom apartment in Neu-Isenburg

Street: Herzogstraße

ZIP Code: 63263

City or town: Neu-Isenburg

Asking Price: € 269,000.00

Price per sqm living or other space: € 3,700.00

Parking possibility: Parking space

Asking price for parking areas: € 6,000.00

Brokerage commission to be paid by buyer incl. VAT (% of notarized purchase price): 2.975 %

Total commission: 5.95 %

Commission payable by: Half by buyer and half by seller

Note on the commission: Buyer and seller each pay half of the broker's commission amounting to 5.95% of the notarized purchase price, earned and due after the conclusion of the purchase contract.

In a nutshell:
Solid rental income, reliable tenant, good investment, return (purchase price to rent excluding heating) approx.

Year of construction: 1984

Comment regarding year of building: Verbal statement

Detailed description of the object:
Family-sized flat with three bedrooms, living room with 1,74x5,69m² balcony, on the 2nd floor of an apartment building with 19 flats, plus garages and parking spaces.

Features:
Normal equipment, family-friendly

Parking options:
Parking place outside

Number of residents whole community: 38000

County (Kreis): Offenbach

Federal country: Hessen

Type and age of windows:
The windows were renewed about 10-12 years ago and are triple-glazed.

Kind and extent of refurbishments:
Equipped for families. The windows were renewed about 10-12 years ago and are triple-glazed. The facade was redesigned; the heating was renewed.

Other data to the property:
Very good, reliable tenants

Description of location:
The house is located in southern Neu-Isenburg, adjacent to the Isenburg center.

Public transport connection:
The bus drives in front of the house; a few minutes by bus or car to Neu-Isenburg train station.

Connection to traffic routes by car:
It is just a few minutes to the A 661 motorway. From there you can get in all directions quickly. Within about 10 you are at Frankfurt Airport.

General noise level of location: Alive

Shopping facilities: Isenburg center on foot right next door.

Type of energy performance certificate: Residential building demand certificate

Residential Building - Final Energy Value: 104.30 kWh/m²a

Date of Energy Performance Certificate: 21.04.2021

Main energy source: Natural gas

Year of construction of building according to EPC: 1084

Year of Construction of the heat generator according to EPC: 2006

Type of Condo: Apartment

In which floor (groundfloor=0): 2

Total number of floors with GF and possibly DG: 4

Approx. living area: 71.58 m²

Source or reference to the floor space information: Measurement by a certified surveyor on March 22nd, 2021

Rented out (details): The apartment has been rented to the current residents since March 15th, 2008

Number of rooms (German counting): 4.00

Number of bedrooms: 3

Number of bathrooms: 1

Balcony, Terrace, Loggia: Yes, nice balcony with the dimensions 1.74x3.27m

Co-ownership shares: 56,3387 / 1.000 MEA

Share of property on the land in %: 5.634 %

Monthly housing fee: € 300.00

How much (in EUR) of maintenance fund payment already included in housing fee: € 70.00

(More) Informations on maintenance reserve fund: More recent information is not yet available

Note: According to the business plan for 2020

Allocable to the tenant when letting (excluding property tax and CO-2 share): € 180.00

Source of these informations: Economic plan 2020

Renovations to be done in the flat: Not known

Number of units in the block: 19

Massive or extensive refurbishments (year): See minutes of the owners' meetings

Condition: The condition of the communal property is very good.

Planned actions: The minutes of the owners' meetings from 2015 to 2019 are available to interested parties. No meeting was held in 2020 due to Covid-19 pandemic.

MFH Number of residential floors total: 4

Type of construction: Solid

Number of flats (apartments) in building: 19

Number of flats (apartments) per full size storey: 5

Attic storey developed: Yes

Basement (cellar area): Full cellar

Heatable living or usage rooms in basement: No

Number of full sized storeys: 3

General information on the renting situation: Lease contract for house and property in Hessen with index rent, the last adjustment was made to 690.00 basic rent. Parking space rent € 63.28.

Current net rent per month: € 753.28

Land tax: € 217.98

Margin in % (annual net rent : purchase price): 3,29 %

Factor (Multiplier of the annual cold rent): 30.00

Other information or specialties: Due to the letting situation and the pandemic, viewings are only possible to a limited extent. We are observing the constantly changing "numbers" and have to comply with the rules that go with it. (Mouth protection, shoe covers, not touching anything in the flat, etc.).

Status at handover: rented

Available as of: negotiable