Well rented condominium near Henninger Tower

Street: Geleitsstraße

ZIP Code: 60599

City or town: Frankfurt

Asking Price: € 395,000.00

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

Type of Land plot: Inner city

Size of Landplot: 2,324.00 m²

Quality of living area: Upscale residential area

In a nutshell:
Well rented 2 room apartment on the ground floor

Year of construction: 1953

Comment regarding year of building: The multi-family house complex Geleitsstraße 3-11 was divided by WEG in 1998. There are five building segments, eight apartments per building segment, with living areas between 51 and 67 m². In total there are 40 apartments.

Detailed description of the object:
Apartment is located in the first building of this complex in the direction of Wendelsweg on the ground floor on the left, with balcony overlooking the greenery. It has two rooms, kitchen and bathroom. In the living room can be installed a fireplace stove (the previous owner had).

Features:
Equipped with fitted kitchen, bathroom with tub, gas boiler, south-facing balcony

Parking options:
Streetparking

Federal country: Hessen

Type and age of windows:
Windows are iso-double-glazed plastic windows around the 90s

Kitchen built in: Yes

Cellar layout: There is a cellar and a storage room under the roof

Room layout: To the south side there are living room and kitchen, to the north side bathroom and bedroom. All rooms are accessible from the hallway.

Description of location:
The location is very popular. Here you have the option of being in the city forest on the fastest route within a few minutes, i.e. also in the direction of Sachsenhausen-Lokalbahnhof; everything can be reached by bike within a few minutes.
Optimum Sachsenhausen location at the level of Henninger Turm, with all the amenities that this location offers.

City district: Sachsenhausen

Type of energy performance certificate: Residential building demand certificate

Final energy value: 224.50 kWh/m²a

Year of construction of building according to EPC: 1954

Energy efficiency class: G (< 250)

Date of Energy Performance Certificate: 16 May. 2019

Year of Construction of the heat generator according to EPC: 1984-2012

Energy consumption for hot water included: included

Type of Condo: Ground floor

Total number of floors with ground floor and possibly top floor: 4

Approx. living area: 55.00 m²

Source or reference to the floor space information: The living space will be remeasured soon and a floor plan will be created.

Rented out (details): The flat is rented.

Number of rooms (German counting): 2.00

Number of bedrooms: 1

Number of bathrooms: 1

Height of rooms (in m): 2.50 m

Balcony, Terrace, Loggia: 1 balcony

Co-ownership shares: 25 / 1.000 MEA

Share of property on the land in %: 2.50 %

Monthly housing fee: € 220.00

How much (in EUR) of maintenance fund payment already included in housing fee: € 52.00

Note: According to the 2021 business plan

Allocable to the tenant when letting (excluding property tax and CO-2 share): € 70.00

Source of these informations: According to the 2021 business plan

Number of units in the block: 40

Further hint regarding other than apartment units: There are only apartments, no businesses in the residential complex

Condition: Good overall impression.

Planned actions: See protocols and resolutions

Already decided actions?: See resolution collection

General information on the renting situation: The apartment is rented partially furnished. The tenants want to stay for 2-3 years. The net rent is accordingly.

Current net rent per month: € 950.00

What is the outstanding feature of this property ?: Location location location ....

About reason for sale: Moved from Frankfurt

Comment: Very good capital investment in the best location in Sachsenhausen at the hill.

Appointments for viewings: By arrangement, only individual appointments

Covid-19 notes: Pay attention to the AHA rule, daily negative test is desirable

When can handover be done?: At any time after the purchase price has been paid

Note regarding the photos: Due to the rental situation, detailed photos cannot be published.