- Immobilien
- Hessen
- Kreis Frankfurt (Main)
- Frankfurt (Main) - Griesheim
- Attractive multi-family house and outbuilding with development potential and stable rental income.
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https://www.ohne-makler.net/en/property/450697/
Attractive multi-family house and outbuilding with development potential and stable rental income.
60326 Frankfurt am Main (Gallus) – HessenThe property offered is an attractive multi-family house with an additional outbuilding, situated on a plot of approximately 520 m² in Frankfurt-Gallus. The property consists of a main building with 9 residential units and one commercial unit, as well as a separate outbuilding with 4 additional residential units. The main building has 2 residential units per floor, each with 2 or 3 rooms. The attic floor features 4 rooms and 2 balconies. The main building has a total living area of approximately 550 m², plus approximately 36 m² of commercial space. The units are mostly well-designed and fully rented, with the exception of the attic floor. This has already been extensively renovated and is nearing completion. Once the remaining work is finished, an additional monthly net rental income of approximately €1,600 can be achieved. The current net rental income is approximately €11,050 per month, representing a stable income situation. Furthermore, there are potential opportunities for further optimization of the existing property. The outbuilding comprises 4 compact 2-room apartments with a total living area of approximately 150 m². All units are currently rented. The size and layout of the apartments appeal to a broad target group of tenants, particularly in an urban environment. The property is complemented by a functional courtyard area with a garage, storage space, and currently two parking spaces. Depending on the usage concept, expanding the parking capacity may be feasible. In addition, tenants have access to basement storage rooms. Investment Highlights:
- Immediate income security due to near-full occupancy.
- Potential for increased rental income through the completion of an attic apartment (approximately +€1,600 per month).
- Solid mix of apartments with sustainable rental potential.
- Courtyard area with development potential (parking spaces / storage).
- Combination of residential and commercial units for diversification of income.
This property is ideal for investors seeking an established source of income with additional potential for appreciation and development in a dynamic district of Frankfurt.
Are you interested in this house?
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Object Number
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OM-450697
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Object Class
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House
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Object Type
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Multi-family house
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Is occupied
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Occupied
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Handover from
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By arrangement
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Purchase price & additional costs
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purchase price
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3.900.000 €
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Purchase additional costs
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approx. 277,763 €
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Total costs
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approx. 4,177,763 €
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Breakdown of Costs
* Costs for notary and land register were calculated based on the fee schedule for notaries. Assumed was the notarization of the purchase at the stated purchase price and a land charge in the amount of 80% of the purchase price. Further costs may be incurred due to activities such as land charge cancellation, notary escrow account, etc. Details of notary and land registry costs
Does this property fit my budget?
Estimated monthly rate: 14,560€
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Details
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Condition
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Renovated
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Number of floors
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4
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Number of garages
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1
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Number of parking lots
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2
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Heating
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Floor heating
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Year of construction
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1950
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Equipment
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Balcony, Basement, Roof terrace
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Infrastructure
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Pharmacy, Grocery discount, General practitioner, Kindergarten, Primary school, Secondary school, Middle school, High school, Comprehensive school, Public transport
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Information on equipment
- Main building with 9 residential units and 1 commercial unit accessible from the street.
- Rear building with 4 residential units (fully rented).
- Total living space: approximately 700 m² (main and rear buildings), plus approximately 36 m² of commercial space.
- The attic of the main building has already been extensively renovated and can be completed with minimal effort.
- Currently, there is a central heating system in the rear building.
- The main building is currently equipped with individual heaters on each floor; however, the basic infrastructure for a conversion to a central heating system is already in place.
- Cellar rooms are available for the tenants (both main and rear buildings).
- The courtyard includes a garage, storage areas, and currently two parking spaces (with potential for expansion).
Location
The property is located in the Gallus district of Frankfurt, one of the most dynamic and continuously developing residential and commercial areas in the Frankfurt metropolitan region. The Gallus district has benefited for years from positive urban development and a consistently increasing demand for housing.
Its central location offers excellent connections to Frankfurt's city center, the European Quarter, and the banking district.
The main train station is just a few minutes away, as are the A5 and A648 motorways, ensuring excellent regional and national accessibility.
Numerous shops, restaurants, and essential services are located in the immediate vicinity. Schools, kindergartens, and medical facilities are also available nearby.
The combination of established infrastructure, modern urban development, and an urban lifestyle makes this location particularly attractive to a wide range of tenants, from commuters to young families. Consequently, the rental rate for the units is very stable.
Location Check
Energy
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Main energy source
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Gas
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Miscellaneous
The main building dates back to approximately 1960, while the rear building was constructed in 2010, offering a relatively modern building structure.
In addition to the renovated attic, the property offers further optimization potential, particularly with the preparation for a central heating system in the main building.
Currently, the rear building is heated by a central heating system, while the main building is equipped with individual heating units on each floor. The basic technical infrastructure for connecting the main building to a central heating supply has already been established, but is not yet operational.
Currently, the stairwell is being renovated as part of the replacement of technical cables and pipes, which is reflected in its current state of partial construction.
The property is being sold directly by the owner.
Please, no inquiries from real estate agents!
Broker inquiries not welcome! According to § 7 UWG, unsolicited contact by brokers without the express consent of the recipient is prohibited!
Topic portals
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