Sossenheim: Apartment building with 7 apartments, one flat is vacant.

Address of the Real Estate

ZIP Code: 65936

City or town: Frankfurt am Main

District: Sossenheim

Purchase Price and Realtor Commission

Asking Price: € 1,280,000.00

Price per sqm living or other space: € 3,487.00

Parking possibility: 1 garage and 5 parking spaces; one bicycle garage

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: 405.00 m²

Quality of living area: Medium residential area

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

Description of property

In a nutshell:
The most important quality of this well-kept apartment building is its good tenants.

Year of construction: 1974

Detailed description of the object:
The building is designed to be very practical and user-oriented. On the ground floor and first floor there is a 55 m² apartment to the right and left of the staircase; the two apartments on the top floor each have 47 m² of living space. In the basement there is a 53 m² residential unit.

Features:
The equipment in all apartments is good to normal. Maintenance was provided. The areas for all tenants are well maintained and dry (basement rooms, laundry room, boiler room).

Weitere Parkmöglichkeiten: There are five easily accessible outdoor parking spaces, as well as a massive single garage available and rented out.

Comments regarding parking situation:
The parking spaces are permanently assigned and rented out with the respective apartment. The garage was rented out externally. A parking space is available for the currently empty apartment.

More property information

Type and age of windows:
Between 2012 and 2022, the windows in the entire house were replaced (triple thermal insulation glass or insulating glazing with U-values of around 0.6 or 0.7)

Kind and extent of refurbishments:
See the comprehensive list of the renovations, modernizations and renovations carried out in the data room (on request)

Notes regarding built-in kitchen: Existing fitted kitchens belong to the respective tenants.

Cellar layout: Each apartment has its own locked basement.

Description of location

Description of location:
Doctors, pharmacies and shopping facilities are within walking distance. The highway connection in all directions is only a few minutes away by car (A648, A66, A5 as well as Frankfurter Kreuz and the airport).
The Main-Taunus-Zentrum and the commercial areas of Eschborn and Sossenheim are also within easy reach (also easily accessible by bicycle).
The bus stop for lines 52, 55 and 58 (Messe, Rödelheim station, Höchst, Airport Terminal 1) can be reached on foot in just a few minutes.
The Sulzbachwiesen nature reserve and local recreation area is 150m away.
The Vordertaunus with its pubs and beer gardens are also within easy reach on foot or by bike.
You can reach the Nidda and the Frankfurt green belt via the Sossenheimer Unterfeld.

City district: Sossenheim

Supplement to noise level: This is a very quiet, middle-class residential area.

Energy Performance Certificate (EPC) Data

Residential Building - Final Energy Value: 133.59 kWh/m²a

Primary energy demand: 146.95 kWh/m²a

Year of construction of building according to EPC: 1974

Year of Construction of the heat generator according to EPC: 2018

Date of Energy Performance Certificate: 23.03.2024

Photovoltaics and solar technology

Type of system: Photovoltaics

Commissioning: Commissioning 2010

Type of usage: Full feed-in

Generation capacity: kWp 8.51

Yield per (year approx.): 8000

Term of the feed-in contract: 20 years

Amount of the feed-in remuneration per kWh: € 0.391

Amount of reimbursement per year (average): € 3,400.00

Number of modules: 37 modules type Solarday PX60-230

Maintenance cost p.yr (aver.): None. Metering point fee €20 per year. 1x module exchange, costs €559.

Multiple dwelling unit - specific data

MFH Number of residential floors total: 4

Living area: 367.00 m²

Type of construction: Solidly built

Number of flats (apartments) in building: 7

Number of flats (apartments) per full size storey: 2

Attic storey developed: Yes

Basement (cellar area): Yes

Heatable living or usage rooms in basement: 53 m²

Number of full sized storeys: 2

Rental situation

General information on the renting situation: Currently, six of the seven residential units are rented, as are four of the five outdoor parking spaces and the garage.

Current net rent per month: € 3,476.25

Further information on the net rental income:
The vacant apartment and a parking space are not included in this net rent.

How much vacancy: 1 apartment, 1 parking place

Is the property fully rented out: No

Running costs, taxes etc. per annum (so far, without guarantee)

Land tax: € 1,223.04

Water, sewer, rainwater p.a.: € 1,180.02

Thereof potable water costs: € 603.67

Thereof sewage costs: € 381.35

Thereof costs for rainwater: € 195.00

Electricity : € 425.91

Heating cost: € 5,852.76

Maintenance heating: € 470.17

Chimney sweep: € 162.82

Waste disposal : € 933.96

Building insurance: € 1,683.75

Building owners liability insurance: € 116.79

Other operating costs : 133,20 € Street cleaning of the city of Frankfurt
71,40 € Fire extinguisher test 2 years
121.61 € Legionella sampling (3 years = total 332.37 €)
187,72 € Water softener
404,60 € Winter service
33.92 € Smoke alarm maintenance (tenant)
106.92 € Smoke alarm rental (landlord)
550,37 € Techem Maintenance of consumption recording devices for hot water,
Cold water and heating
1240 € Cleaning (labor costs and material):
-weekly cleaning of hallway, basement hallway, covered entrance area,
Enclosed courtyard, parking, sidewalk
- 1/4 annually staircase windows, basement windows/benches
- 1/2 yearly garbage bins, lamps and other installations, boiler room, room
Water softening system

Comment to the cost positions: Operating costs for electricity for heating system €215.63; operating costs for lighting + doorbell €198.70; both included in the general electricity above. The building insurance also includes glass insurance. Chimney sweeping is required every three years.
The energy costs mentioned refer to the year 2022. Electricity and gas in particular have become considerably more expensive since then.
All other figures are from 2023.

Final notes

What is the outstanding feature of this property: A very well maintained, modernized and rented investment property

Note regarding the photos: Mostly owner photos

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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