Apartment block with 5 flats, largest flat vacant

ZIP Code: 63303

City or town: Dreieich

District: Offenthal

Asking Price: € 825,000.00

Price per sqm living or other space: € 2,200.00

Parking possibility: 4 outdoor parking spaces and 2 parking spaces in a garage, price incl.

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

Note on the commission: 2.975% buyer's commission incl. VAT of the notarised purchase price, earned and due upon notarisation. We have concluded a commission-based brokerage agreement for the same amount with the selling owner.

The special qualities of the property: Here you have the opportunity to purchase a very well managed and rented property at a reasonable price, and to live in the most beautiful and vacant flat yourself - or to rent it out at an attractive price.

Size of Landplot: 621.00 m²

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

In a nutshell:
Grab it before someone else does!

Year of construction: 1972

Detailed description of the object:
The house catches the eye with its well-kept exterior as soon as you turn into the small side street. In front of the house is the large double garage with two separate doors (no partition wall inside). The front door is on the side (new, burglar-resistant security door element).
There is a flat on the right and left of each of the two main floors. All four units are similarly equipped; the degree of modernisation is slightly different. All flats are let.
On the top floor is the largest flat with a marvellous, large roof terrace and an additional usable area in the attic. (Roof measurement is still pending. Previous information is approx. 100m² lower level, approx. 35m² upper level).
THIS APARTMENT IS FREE
This flat can be viewed at any time during an initial appointment (the rented flats cannot be viewed for the time being).

Parking options:
Double Garage

Weitere Parkmöglichkeiten: A total of four additional places available

Number of residents whole community: ca. 43.200

County (Kreis): Offenbach

Federal country: Hessen

Population City District: Offenthal has about 5,000 inhabitants.

Type and age of windows:
Wooden windows double glazed, either revised or replaced from 2002

Year of essential refurbishment of the special property (apartment): 2002

Kind and extent of refurbishments:

All tenant balconies renewed including tiles
Roof terrace renovated in 2002 and again in 2014
Bathroom in the attic new 2002
New heating system May 2023
Facade completely painted in 2002, weather side repainted in 2024
2002 new front door and garage doors
Garage roof renovated about 7 years ago
Gutters partially renewed in 2024
2002 Heating/laundry room and drying room newly tiled and painted
Staircase completely painted in 2002
When the tenants moved out, three of the four apartments were partially renovated (first floor right bathtub in the bathtub; first floor left bathtub painted)
In the bathroom DG all pipes and electrics were renewed in 2002
About five years ago, the main power connection to the house was renewed by the municipal utility company.
Roof is insulated (from year of construction); in the living room of the top floor apartment, insulation on one wall has been renewed (2002)

Kitchen built in: Yes

Notes regarding built-in kitchen: All kitchens except the refrigerators belong to the house

Cellar layout: In the basement there is a heated hobby room that is not rented out. Tiled and dry, well suited for various hobbies or as a small workshop (2002)

Description of location:
Offenthal is the southeasternmost district of Dreieich in the Offenbach district, Hesse, and is located about 20 kilometers north of Darmstadt and 10 kilometers south of Frankfurt am Main.
The building on offer here is located at the southern tip of the tranquil town. The bus takes you quickly to the other parts of the town or to Offenthal train station.
Offenthal has a lively club life and is very popular with expats, both for purchase and for rent.

Public transport connection:
The Regiobahn RB 61 runs every hour between Dieburg and Frankfurt Süd/Frankfurt Hbf. The route between Dreieich-Offenthal and Frankfurt Hauptbahnof only takes 26 minutes. Even an experienced insider cannot manage that by car during rush hour.

Connection to traffic routes by car:
The motorway A 661, junction Langen, is only approx. 3-5 minutes away. The A 5 motorway, Mörfelden junction, is just under 10 minutes away.

General noise level of location: Quiet

Child friendliness of the location: Offenthal is a very popular district for families with children.

Schools, kindergardens ect.: There is kindergarten and primary school.

Shopping facilities: The ARAL petrol station is open around the clock. In addition, you will be well supplied with small and large shops and supermarkets in all directions by car or bus.

Type of energy performance certificate: Residential building consumption certificate

Residential Building - Final Energy Value: 154.00 kWh/m²a

Date of Energy Performance Certificate: 15 Sep. 2017

Primary energy demand: 169.00 kWh/m²a

Main energy source: Natural gas

Year of construction of building according to EPC: 1972

Year of Construction of the heat generator according to EPC: 2001*

Energy consumption for hot water included: included

Energy efficiency class: E (< 160)

Year of system installation comment: *A new condensing boiler was installed in 2023; the energy certificate is older than the boiler. However, a new consumption certificate will only make sense in 2027 at the earliest, as the values from 2024, 2025 and 2026 can then be used as a basis.

MFH Number of residential floors total: 3

Living area: 375.00 m²

Cubature (enclosed space): m³ 1,688.38

Source or notes for the area informations: Calculation 1972 according to DIN 277; attic flat newly measured and drawn according to WflV.

Type of construction: Solid

Number of flats (apartments) in building: 5

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

Attic storey developed: Yes, fully developed

Basement (cellar area): Full basement

Heatable living or usage rooms in basement: Approx. 60m²

Number of full sized storeys: 2

List of apartments: Ground floor right, 1 BR, Balcony, 49.92 m²
Ground floor left, 2 BR, Balcony, 74.17 m²
First floor right, 1 BR, Balcony, 49.92 m²
Upper floor left, 2 BR, Balcony, 74.17 m²
DG with loft, 3-4 BR, Balcony, 126.81 m²
TOTAL LIVING AREA: approx. 375 m²
[KG approx. 60 m² = heatable room sizes]

General information on the renting situation: All apartments except the top floor are rented. There is a good rental relationship between the owner and the tenants.

Current net rent per month: € 1,729.50

Net rent per year: € 20,751.00

Further information on the net rental income:
Can be adjusted up to 15%

How much vacancy: Top floor apartment

Is the property fully rented out: Attic loft is free

Land tax: € 1,247.72

Water, sewer, rainwater p.a.: € 1,299.38

Thereof potable water costs: € 569.48

Thereof sewage costs: € 457,05

Thereof costs for rainwater: € 272.85

Electricity : € 394.45

Heating cost: € 8,019.54

Maintenance heating: € 186.60

Chimney sweep: € 42.95

Waste disposal : € 970.56

Building insurance: € 2157,98

Building owners liability insurance: € 169.71

Other operating costs :

Winter service:
799.68 € (not yet passed on to the tenants)
Gardener: approx. €1,350 (not yet passed on to tenants)

Total costs: €16,638.57, plus around €800 for the tax advisor and around €900 for the Ista billing (passed on to the tenants)

Comment to the cost positions: In some cases, the figures for 2024 are not yet available; in this case, the figures for 2023 were listed.

Renovations done in the building: 9/2001 to 7/2003, including bathroom, kitchen, floor - all in the attic, painting of house, garage, windows); weather side (garage side) dug up and insulated, total expenditure during this time € 254,000 (invoices still available); later, what needed to be done was always repaired or renewed, often after a tenant moved out.

Other specifications: According to the chimney sweep, the existing brick chimney in the attic is to be taken out of operation with the new regulations from 1 January 2025 or, if possible, converted in accordance with the new regulations.

Urban development statutes: There is a development plan (Offenthal 05) that can be viewed on the Offenbach district website.

Link recommendations:
Development Plan

Registered public encumbrances?: According to the building load information no entries

Registered contamination?: No entries in the contaminated site information

What is the outstanding feature of this property: Classic investment property with development potential

About reason for sale: Moving away

Appointments for viewings: At the first appointment only the free areas; rented apartments with a separate appointment