Rodgau-Dudenhofen: 3-family house, well rented

Address of the Real Estate

ZIP Code: 63110

City or town: Rodgau

Purchase Price and Realtor Commission

Asking Price: € 595,000.00

Price per sqm living or other space: € 2,370.00

Parking possibility: Two garages

Brokerage commission to be paid by buyer incl. VAT (% of notarized purchase price): 5.95 %

Total commission: 5.95 %

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.

Land plot data

Size of Landplot: 585.00 m²

Quality of living area: Elevated location

Does the property have oversize or is it additionally buildable:
No

Description of property

In a nutshell:
The best investment is a well-rented property with reliable tenants.

Year of construction: 1970

Detailed description of the object:
This well maintained building has a very nice, large and green plot with two garages and an equipment storage room. The driveway is neatly paved. The front door is an extra reinforced security door. The ground floor (mezzanine) flat has four rooms, a large west-facing balcony, a bathroom, a guest toilet and a large kitchen that can accommodate the whole family. It is in good condition.
The upper floor (1st floor) has a similar layout as the ground floor, also with a balcony facing west and in good condition. Here, the landlord has installed a high-quality kitchen.
The flat in the attic has three rooms, kitchen, bathroom and a large balcony to the south. This flat is in a very good and well-kept condition. In the hallway of this flat there is an insertion staircase to the unused attic room.

Features:
The floors are partly covered with laminate, PVC or tiles. Walls are mainly woodchip, painted by the tenants. Windows are partly with (partly electric) shutters.

Comments regarding parking situation:
The two garages were rented by the ground floor tenant. The other two tenants park on the street.

Other information (population etc.)

Number of residents whole community: 48.000

County (Kreis): Offenbach

Federal country: Hessen

More property information

Further property data: The house is in good, well-kept and partly modernized condition.

Type and age of windows:
Some of the windows were renewed in 2020 (courtyard side bathrooms and WCs). In the attic, the balcony door and two windows were renewed as part of the comprehensive renovation (2021). In each case, plastic windows with double insulating glazing.
All other windows are wooden windows with double glazing. The age is unknown. Replacement is recommended in the course of the next few years.

Year of essential refurbishment of the special property (apartment): 2021

Kind and extent of refurbishments:
The apartment on the top floor was completely renovated in 2021 and all south-facing window elements were renewed there. The front door has been renewed. In 2010 a new heating boiler (central heating) was installed. Repairs were carried out immediately if necessary. The exterior facade has no visible defects.

Other data to the property:
According to the GEG, the buyer must insulate either the roof or the top floor ceiling within two years so that a heat transfer coefficient of 0.24 W/m²K is achieved. It is recommended to insulate the storey ceiling, including replacement of the insertion staircase with a new, insulated one.

Notes regarding built-in kitchen: The fitted kitchen on the first floor belongs to the landlord; on the other two floors, the tenants have installed a kitchen themselves.

Cellar layout: Each flat has its own slatted storage room. Furthermore, there is a common laundry room with connection possibilities for three washing machines and dryers; a drying room and a bicycle room.

Room layout: The layout of the apartments is family-friendly.

Description of location

Description of location:
The house is in a pure residential area, with mostly 1-3 family houses in the surrounding neighborhood. Overall family-friendly, medium-sized upscale residential area.

City district: Dudenhofen

Public transport connection:
Bus is within easy walking distance. The nearest S-Bahn station (S 1) is 1.4 km away; about a fifteen-minute walk.

Connection to traffic routes by car:
Only a few minutes to the A3 motorway, to Frankfurt International Airport or to downtown Frankfurt or Offenbach.

Supplement to noise level: It is a generally quiet residential area.

Child friendliness of the location: There is enough space for children and the offers in the community are good. Playground, tennis court and sports field within walking distance.

Development of bicycle routes: You can easily reach the shopping areas of Dudenhofen or Nieder-Roden by bike.

Schools, kindergardens ect.: Good overall offer in Rodgau.

Shopping facilities, gastronomy, entertainment: Large supermarkets are available as well as smaller retailers; easily accessible by bike.

Energy Performance Certificate (EPC) Data

Date of Energy Performance Certificate: 13 Sep. 2021

Year of Construction of the heat generator according to EPC: 2010

Year of construction of building according to EPC: 1970

Year of system installation comment: Gas central heating Buderus condensing with hot water tank

Residential Building - Final Energy Value: 168.00 kWh/m²a

Primary energy demand: 187.00 kWh/m²a

Further technical details

Air condition: No

Special electrical installations: Partly shutters

Security installations: Security front door

Billing for heating and hot water: Takes place after consumption by the property management

Photovoltaics available?: No

Solar collectors for hot water available?: There are two hot water collectors on the roof (installation and maintenance by Wagner in Dudenhofen; built in 2009).

Multiple dwelling unit - specific data

MFH Number of residential floors total: 3

Living area: 251.00 m²

Type of construction: Solid construction

Number of flats (apartments) in building: 3

Number of flats (apartments) per full size storey: 1

Attic storey developed: Yes

Basement (cellar area): Full basement

Rental situation

General information on the renting situation: All three apartments in the house are solidly rented.

Current net rent per month: € 2,130.00

Further information on the net rental income:
The annual net rent is €25,560. An adjustment in the direction of the usual market rent is possible; it is based on the legal requirements. With the current net rent, the return (purchase price to cold rent) is 3.84%.

Is the property fully rented out: Yes

Information on barrier-free access, etc.

Disabled accessible: No

Is there a person lift?: No

Barrier free?: No

Stepless access: No

Other details, special features, information about the property

Other specifications: The annual statement of the additional costs is drawn up by a property management company.

Final notes

What is the outstanding feature of this property: Good tenants and a good location in Frankfurt

About reason for sale: Age reasons

Appointments for viewings: We have to agree with the tenants in good time beforehand

Note regarding the photos: (c) Peter Talkenberger

Legal information

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).

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