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Attractive multi-family house and outbuilding with development potential and stable rental income.

60326 Frankfurt am Main (Gallus) – Hessen
3.900.000 €
30
Room
700 m²
Living Area
520 m²
Plot Area
Private offer
House
Multi-family house

The 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?

Object Number
OM-450697
Object Class
House
Object Type
Multi-family house
Is occupied
Occupied
Handover from
By arrangement

Purchase price & additional costs

purchase price
3.900.000 €
Purchase additional costs
approx. 277,763 €
Total costs
approx. 4,177,763 €

Breakdown of Costs

Purchase price 3.900.000 €
Real estate transfer tax 234,000 € (6.00%)
Notary costs 29,009 € (0.74%)
Land register entry 14,755 € (0.38%)
Broker commission 0€ (0%)

* 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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By providing some basic information, the estimated monthly rate is calculated individually for you. For this and for all other real estate offers on ohne-makler.net

Based on equity 20% of the purchase price plus the purchase incidental costs / 10 years fixed interest rate / 2% initial repayment / Effective interest rate 3.60%

Details

Condition
Renovated
Number of floors
4
Number of garages
1
Number of parking lots
2
Heating
Floor heating
Year of construction
1950
Equipment
Balcony, Basement, Roof terrace
Infrastructure
Pharmacy, Grocery discount, General practitioner, Kindergarten, Primary school, Secondary school, Middle school, High school, Comprehensive school, Public transport

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

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Shopping
Public Transport
Culture
Sports
Health
Nightlife
Child Friendliness
Nature

Energy

Main energy source
Gas

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!

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Offer from: Betül Güneri