Investment property: Attractive 10-party period building in the Martinsviertel at a factor of 25

This beautiful and well-kept residential and commercial building in Darmstadt's Martinsviertel is for sale.

Layout:
Ground floor: commercial unit, 2-room apartment with use of front garden
1st floor: 4-room apartment (with 2 balconies), 3-room apartment
2nd floor: 4-room apartment (with balcony), 3-room apartment
3rd floor: 4-room apartment (with 2 balconies), 3-room apartment
4th floor: 4-room apartment, 3-room apartment

The division of the house into 1 x 2-room, 4 x 3-room and 4 x 4-room apartments makes the house an absolute sure-fire success when it comes to letting and equally attractive for couples, families and shared apartments. In the last 15 years there have been no vacancies at all, apart from during the renovations carried out when tenants changed.

Basic rent: € 107,500 p.a.

All apartments are self-contained and have their own cellar. In addition, there are storage facilities for bicycles (front garden + cellar) and a small courtyard at the rear.

Condition: The house has been continuously cared for and maintained. There is a new electrical distribution board in the basement and most of the electrical and water risers have been renewed.

Heating: The house is heated by a modern condensing gas central heating system from 2016. Billing takes place via electronic heat meters. Due to the very thick outer walls, which are common in old buildings, and the embedding in 2 directly adjacent buildings, the energy consumption is favorable. (approx. 66,000 KWh in 2024).

As part of energy-related improvements, some balcony doors and windows have already been replaced with new elements with triple glazing.

The property is in a sought-after location directly in the popular Martinsviertel. It is only a few minutes' walk to Riegerplatz or the nearest bus stop at Taunusplatz. (Bus line H, K). Schools, kindergartens, restaurants and various shopping facilities are also within walking distance.