Year of construction: 1930
Detailed description of the object:
Solid Structure with Upside Potential
This classic multi-family home with five residential units is located in Frankfurt's Griesheim district – in a quiet side street with a well-established neighborhood and a direct view of a newly developed residential complex across the road. The surrounding area is visibly benefitting from ongoing urban renewal, reinforcing the long-term potential of this investment.
Built in 1930, the building offers a total living area of approx. 256 m² on a compact plot of approx. 170 m². Heating is provided by a natural gas central heating system installed in 2014. The energy efficiency rating is class E (consumption-based energy certificate).
The property presents itself in a largely original condition reflective of past decades. While the fittings are simple, the structure itself is solid – offering a sound foundation for a gradual and targeted modernization strategy. All units are currently let, with longstanding tenancies and below-market rental levels that provide room for future rent adjustments as part of an upgrade concept.
Well-planned refurbishment measures – particularly in energy efficiency, comfort and technical infrastructure – may qualify for public funding. Combined with attractive depreciation options under German tax law, this creates a financially viable investment strategy with long-term value growth.
A house with history – and potential: This is a rare opportunity for investors with vision to preserve substance, create value and participate in the dynamic development of Frankfurt-Griesheim.
