Multi-family house in Bad Ems, near the spa complex, with 4-5 apartments, 298 square meters. Suitable for personal use or as an investment property.

Living and experiencing life in the historic spa town of Kaiserbad in the Lahntal valley, directly next to the spa and close to the Lahn river and the spa park.

The building was constructed around 1915 using solid construction methods and was renovated in 1965 to its current appearance. The property has an area of 177 m², with a small courtyard area at the rear and a single-story extension.

The living space, approximately 298 m² (subject to verification, after deduction 283 m²), is distributed as follows:
Ground floor: 3-room apartment, approximately 63 m² + 2-room apartment, approximately 32 m² (in the rear building),
1st floor: 3-room apartment, approximately 70 m²,
2nd floor: 3-room apartment, approximately 70 m²,
3rd floor (attic): 3-room apartment, approximately 63 m² (reduced to 48 m² due to sloping ceilings).

The tenant on the ground floor uses both apartments on the ground floor, and there is a connection between them. However, the units can also be separated; access to the rear building is then via a staircase in the courtyard.

The apartments on the ground floor are rented out, while the other apartments are vacant.

The annual net rent achieved was €1,340 x 12 months = €16,080 (at just over €5/m²). A potential rental income of €20,000 is possible at approximately €6/m², or €24,000 at approximately €7/m².

The main building has a basement, and heating is provided by storage heaters. Soundproof windows and ventilation systems were installed. The purchase price already includes a reduction to account for the following necessary renovations:

1. The main electrical panel and wiring need to be replaced.
2. The staircase needs to be renovated or demolished and rebuilt: For reasons unknown, the staircase attached to the house has gradually sunk over the years, resulting in cracks in the house and the staircase. The building authority requires renovation. According to the expert report, there is a possibility of raising the structure, followed by soil compaction or the installation of concrete piles in the ground. Alternatively, the staircase can be demolished and rebuilt in stone/concrete (enclosed, as it is now) or in steel construction (more or less open). If the latter option is chosen, the apartment doors may need to be replaced with exterior doors. The tenant on the ground floor could potentially remain in the apartment during the reconstruction, provided access is granted. All of these suggestions are provided without guarantee.