Street: Sachsenhäuser Landwehrweg
ZIP Code: 60598
City or town: Frankfurt
Asking Price: € 295,000.00
Comment on purchase price: Vb
Price per sqm living or other space: € 5,900.00
Parking possibility: Underground parking space for pallets
Asking price for parking : € 15,000.00
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
Size of Landplot: 2,080.00 m²
Quality of living area: Upscale residential area
In a nutshell:
Nice investment property or for owner-occupiers
Year of construction: 1984
Detailed description of the object:
A multi-family building consisting of two parts with separate entrances and a shared underground car park. The flat is on the ground floor with two other flats on the same floor. Small hallway, then to the right bathroom, kitchen (open to the living room, see floor plan), living room and bedroom. The living room has two windows, thus nice brightness. Kitchen without window. The fitted kitchen was renewed in 2016. Flat was rented partly furnished for a limited period of time.
Good equipment overall; new fitted kitchen, good furniture
Comments regarding parking situation:
In the underground car park is a parking system with double parkers. A place belongs to the apartment.
Number of residents (approx.): 750.000
Federal country: Hessen
Type of energy performance certificate: Residential building consumption certificate
Residential Building - Final Energy Value: 79.00 kW/m²a
Primary energy demand: 87.00 kW/m²a
Main energy source: Natural gas
Year of construction of building according to EPC: 1984
Energy consumption for hot water included: included
Year of Construction of the Heating System according to EPC: 1984
Date of Energy Performance Certificate: 1 Jun. 2018
Description of location:
The apartment is in a privileged location on the Sachsenhäuser Berg; a stable value and also very green location due to the adjacent gardens,
City district: Sachsenhäusen
Public transport connection:
Nearby is the city bus; a slightly longer walk leads to Südbahnhof. Good connection to the airport.
Connection to traffic routes by car:
The apartment comes with a parking space, so there is no need to search for a parking space in the evening; you start out of the garage in a warm car. It is only five minutes to the nearest A3 motorway.
General noise level of location: Quiet
Supplement to noise level: You hardly hear airplanes inside the apartment.
Type of Condo: Ground floor
Total number of floors with GF and possibly DG: 4
Approx. living area: 50.21 m²
Source or reference to the floor space information: From declaration of division
Rented out (details): Yes.
Number of rooms (German counting): 2.00
Number of bedrooms: 1
Number of bathrooms: 1
Balcony, Terrace, Loggia: no
Co-ownership shares: 318/10.000 MEA
Share of property on the land in %: 3.18 %
Monthly housing fee: € 370.00
Note: According to the economic plan for 2023
How much (in EUR) of maintenance fund payment already included in housing fee: € 50.21
In case of renting out payable amount by tenant: € 270.00
Source of these informations: Economic plan 2023
Total maintenance fund existing: € 214,866.39
Maintenance fund amount is per: 31. 12. 2021
Share of the flat in the reserve?: € 6832,75
Renovations to be done in the flat: Complete renovation
Estimated cost for this: 3000
Special use rights: No
Number of flats in the block: 23
Further hint regarding other than apartment units: 1 practice room in the basement of house 203 and 13 parking spaces in the underground car park
Planned actions: Repair of sewage pipes (approx. 5,500 €, from reserves); partial renewal or renovation of double parking modules; financing from reserves, costs to be obtained from the administrator; obtaining offers for façade renovation, possibly with thermal insulation system. No decision has yet been made on the implementation.
Already decided actions?: New property management elected on January 1st, 2023
Which cost decisions have been made into which a buyer would enter after buying?: None, as the resolutions already passed only include measures that can be financed from the maintenance reserve.
General information on the renting situation: The flat has been rented to the same tenants since 27-7-2012. Rent payments have always been reliable. There has been no rent increase since then.
Current net rent per month: € 750.00
Further information on the net rental income:
Including parking space rental
Annual land tax: € 261.24
Comment to the cost positions: All other cost items can be seen on the annual house charge statement. You will find this in the data room.
What is the outstanding feature of this property: The location is absolutely desirable
Comment: An excellent investment in valuable land
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).