ZIP Code: 63303
City or town: Dreieich
City district: Sprendlingen
County (Kreis): Offenbach
Federal country: Hessen
Number of residents (approx.): 42000
Asking Price: € 1,165,000.00
Price per sqm living or other space: € 3,500.00
Parking possibility: There are seven single garages on the property
Brokerage commission to be paid by buyer incl. VAT (% of notarized purchase price): 5.95 %
Total commission: 5.95 %
Commission payable by: Buyer
Note on the commission: The buyer pays at the conclusion of the notarial deed a commission in the amount of 5.95% of the authenticated purchase price.
Type of Land plot: Inner city
Size of Landplot: 757.00 m²
Quality of living area: Very good residential area
In a nutshell:
Investment property fully let, 25 times annual rent. Purely residential property.
Year of construction: 1971
Comment regarding year of building: Year of completion
Detailed description of the object:
Classic investment property from the early seventies. Two full floors, developed attic, full basement. There are a total of seven residential units, with one one-room and one four-room apartment on the first and second floors, and two one-room apartments and one two-room apartment on the converted attic floor. The apartments have balconies or a terrace on the ground floor.
All units are rented, some to long-term loyal tenants.
The house is detached on a plot of almost 800m² on which there are also seven individual garages that were built along the property line. Therefore, there is a large space available for children.
Normal equipment of the apartments
Comments regarding parking situation:
Convenient parking possible for every tenant. Four garages are currently rented to neighbours.
Type and age of windows:
Double glazed windows, year of construction unknown
Kind and extent of refurbishments:
The owner has provided the following information about the renovations, refurbishments or modernisations:
All flats have been newly renovated except for the basement!
New electrics, new floor coverings with tiles or parquet.
New windows in the staircase.
All rain gutters (also in the balconies) have been newly installed.
Roofing of the balconies on the 2nd floor (DG).
In the flats on the ground floor the terraces have been newly made including privacy screens.
The house was completely painted, facade and staircase.
A completely new electrical box was installed in the laundry room!
Electricity in the flats was renewed.
Internal insulation on the ground floor in the middle and on the 2nd floor in the middle (one side of both flats was insulated).
Windows were renewed approx. 12 years ago.
Cellar newly renovated, tiled and painted!
In the entrance area also letterboxes and brickwork renewed, the front door element was renewed.
All this was done between approx. 2017/2021.
Other data to the property:
The tenant of the basement wants to give notice at the end of October 2023, as he will then retire.
Kitchen built in: No
Notes regarding built-in kitchen: The existing fitted kitchens belong to the tenants.
Cellar layout: Each flat has a cellar storage room. Furthermore, there is the boiler room with the oil central heating, the oil tank room and a common laundry room.
Type of energy performance certificate: Residential building demand certificate
Residential Building - Final Energy Value: 187.00 kW/m²*a
Primary energy demand: 207.00 kW/m²*a
Main energy source: Fuel oil
Year of construction of building according to EPC: 1971
Energy consumption for hot water included: included
Energy efficiency class: F (< 200)
Year of Construction of the Heating System according to EPC: 1999
Description of location:
Quiet downtown location in Sprendling near kindergarten and schools. Shops are within walking distance.
Public transport connection:
Line bus five minutes from the house; runs to the S-Bahn station and the airport, among other things. Footpath to Sprendlingen regional train station only approx. 6-7 minutes.
Connection to traffic routes by car:
Sprendlingen is very well connected to the A 661, A 3 and A 5 motorways. Even without a motorway, the connection from the B 3 federal road is an important traffic axis.
General noise level of location: Quiet
Child friendliness of the location: Very child-friendly location. City park, playground, sports hall and indoor pool in the immediate vicinity.
Development of bicycle routes: More and more streets are now being redesignated in favor of clearly recognizable cycle paths for car traffic to 30 zone zones.
Schools, kindergardens ect.: There are two schools and a day care center nearby.
Shopping facilities: There is no lack of that here. Large organic market is new and can be reached in a few minutes (has easy parking).
MFH Number of residential floors total: 3
Living area: 332.95 m²
Source or notes for the area informations: Plans from the building file
Type of construction: Solid construction
Number of flats (apartments) in building: 7
Number of flats (apartments) per full size storey: 2
Attic storey developed: Yes
Basement (cellar area): Full basement
Number of full sized storeys: 2
List of apartments: Ground floor right 90.39 m²
Ground floor left 23.31 m²
1st floor right 90.93 m²
1st floor left 23.31 m²
2nd floor right 22.04 m²
2nd floor middle 60.27 m²
2nd floor left 22.04 m²
Total: 332.95 m²
The information was taken from the construction file. A guarantee for correctness cannot be given.
General information on the renting situation: The property is fully rented.
Current net rent per month: € 4,898.00
Further information on the net rental income:
The exact warm and cold rent can be viewed on the basis of the rental contracts. (Two leases are not yet available.)
Is the property fully rented out: Yes
Detailed rental schedule: Please see the rental list in the data room!
Annual land tax: € 1,303.65
Water, sewer, rainwater p.a.: € 402.96
Waste disposal p.a.: € 1,153.68
Building insurances p.yr.: € 1,746.09
Comment to the cost positions: Item 402.96 is only the rainwater. Other costs are not yet available to the estate agent.
Is there an inheritable right of lease?: No
What is the outstanding feature of this property: Wonderful quiet location in grown infrastructure
About reason for sale: Moving abroad
Comment: The construction file was viewed and photographed (except for the statics).
Appointments for viewings: External appointments possible at any time; 1- 2 apartments only after agreement with the tenants
Contents and advertising statements: The descriptions made in this exposé have been prepared to the best of our knowledge and belief on the basis of conversations, studies of property documents, building descriptions, information provided by the seller, minutes of the owners' meetings (in the case of condominiums), research on the Internet with regard to connection location, traffic, schools, etc.. Notices with advertising attributes often also represent a personal opinion of the seller or copywriter, and are not to be understood as a declaration of quality in the sense of §§ 433ff BGB. Inadvertently incorrect or false statements will be corrected by us immediately after a hint or discovery by us. Advertising statements serve to arouse interest and emotions. Buyers must inform themselves in detail about the actual condition of an object brokered for sale, if necessary also by consulting an expert, civil engineer or architect. Verbal statements made on the telephone or at viewing appointments by the broker or employee are considered non-binding and may also be incorrect if based on misunderstandings. An interested party should always obtain written evidence of important statements about the condition, quality or legal status of a property. In particular, statements about expansion, extension, new construction, deconstruction of an object, which fall within the scope of building authorities and building inspection authorities, are not binding on our part. For this purpose, written inquiries must be made to the responsible authorities if this is deemed necessary. A preliminary building application or a preliminary permit application should be made in consultation with an architect (an owner's power of attorney is required for this).