PROVISION-FREE apartment building without investment backlog - TOP maintained

No estate agent inquiries welcome!

For sale is a pretty and very well-kept apartment building with four residential units in a quiet cul-de-sac location in Mainz-Mombach. The property represents an attractive and stable long-term investment and is in very good condition with excellent structural substance.

The building was extensively refurbished from 2000 onwards and combines the classic character of an old building with contemporary technical equipment.
All residential units have high ceilings, identical floor plans and modern fixtures and fittings.

The property comprises four 2-room apartments of equal size, each with approx. 64 sqm of living space. All units are let on long-term leases to solvent tenants throughout, guaranteeing an immediate and predictable rental income.

Current annual net cold rent (actual): 42.360 €
Potential annual net cold rent (target): approx. € 49,440

The highlight of each apartment is the spacious daylight bathroom with shower, bathtub and space for a washing machine and dryer.
The top-floor apartment has a small south-facing balcony, while the other apartments have attractive bay windows in the living area.
Each unit has a separate cellar room.

Additional development potential is offered by the approx. 300 sqm courtyard area, which could be used to create several parking spaces or even another property.

Core renovations carried out (excerpt):

-2 double-glazed windows (2000)
-Renewal of the fresh water and waste water pipes (2001)
-Gas central heating incl. all pipes (2001)
-complete electrical system and doorbell (2001)
-Staircase and front door (2002)
-Courtyard paved and fenced (2011)
-Extensive facade renovation (2014)

The overall very well-kept condition, as well as the large trades at the current state of technology do not require any modernization measures in the next few years.

No distress sale! Only inquiries from serious and creditworthy interested parties will be answered!

Mainz-Mombach is a lively and family-friendly district with very good transport connections. It is close to the Rhine and both the train station and bus stops can be reached on foot in 2-5 minutes. For commuters, the A643, A66 and A60 highways are not far away.

The district offers a good infrastructure with schools, stores and leisure facilities in the immediate vicinity. These include the Großer Sand nature reserve and the Lennebergwald forest.