Brand new, multi-family house with 4 vacant apartments! No commission fees!

For sale is a well-maintained multi-family house built in 1993, comprising a total of 6 apartments and approximately 425 m² of living space, situated on a plot of land measuring approximately 697 m². This property is particularly attractive to both investors and existing landlords, as well as to buyers who may consider selling the individual apartments at a later date. Currently, 4 of the 6 apartments are vacant. Only the apartments on the first floor (left side) and in the attic (left side) are still rented. However, the tenants have indicated their willingness to move out. This presents the buyer with a rare opportunity to re-rent a significant portion of the house immediately after purchase, to use it themselves, or – after a division – to sell the individual apartments. A key advantage is that the building compliance certificate is already in place. The declaration of division is currently being prepared. This creates or establishes the essential prerequisites for a later division into individual ownership units. The apartment sizes range from 43 to 82 square meters, making them ideal for re-rental or sale. For the rental calculation, a market-appropriate target rent of €11.50 per square meter was used for all apartments. In addition, €30 per month for each parking space and €50 per month for the garage were included. This results in the following calculated rental potential:
Target rent for apartments: €4,887.50 per month
6 parking spaces: €180.00 per month
Garage: €50.00 per month
Total target rent: €5,117.50 per month
Total target annual gross rent: €61,410
The building is in a well-maintained overall condition. Regular maintenance and modernization measures have been carried out in recent years. Of particular note is the oil-fired central heating system, which was completely renewed in 2023. The property also includes 6 parking spaces and a garage. This property offers an interesting combination of current income and an additional exit strategy through the potential for individual sale of the apartments.

The property is located in 63674 Altenstadt, in the Wetteraukreis district, in the outer suburban area of Frankfurt am Main and the Rhine-Main region.

This location is what makes Altenstadt attractive to both owner-occupiers and investors: Compared to Frankfurt and the immediately adjacent cities, property prices and rents are still at a more attractive level, while at the same time offering good access to the economically strong Rhine-Main region.

Altenstadt combines a quiet and pleasant residential environment with good regional infrastructure. Shopping facilities, schools, nurseries, and medical facilities are all within easy reach.

Public transport provides connections to destinations including Frankfurt, Friedberg, and Gießen. The region is also well-connected by car via nearby transport routes and the A45 motorway.

The location benefits from both local demand for housing and its proximity to the economically strong Rhine-Main region.