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Apartment for investment purposes, currently rented out - Bad Homburg - 3.5 rooms, kitchen, bathroom.

61350 Bad Homburg (Höhe) (Bad Homburg vor der Höhe) – Hessen
220.000 €
3.5
Room
76 m²
Living Area
Private offer
Apartment

This four-room apartment, currently rented out, offers investors the opportunity to acquire an existing rental agreement in a desirable residential area of Bad Homburg. The family-friendly layout, with four separate rooms and a balcony, provides a solid foundation for sustainable rental income. The electrical system has already been modernized once. According to the floor plan, the apartment offers approximately 76 square meters of living space. The heart of the apartment is the approximately 20.6 square meter living room, featuring multiple windows and direct access to the balcony. The view, characterized by mature trees, and the existing awning enhance the quality of life. In addition to the approximately 14 square meter bedroom, there are two further rooms of approximately 11.3 square meters and 7.3 square meters, which can be used as children's rooms, a home office, or guest rooms. This makes the apartment suitable not only for families, but also for couples with additional space requirements and households that need a home office. The separate kitchen has its own window. The living space is complemented by a bright bathroom with a bathtub and a separate toilet. This separation offers a practical advantage when renting to families and multi-person households. The central hallway provides separate access to all rooms and offers additional storage space. The fixtures are mostly of an older standard. While the current condition is generally suitable for the existing rental agreement, it presents an interesting opportunity for modernization and value enhancement in the future, particularly when re-renting or with a change of tenants. Specifically, the bathrooms, flooring, wall coverings, and some built-in features can be updated to modern standards. This will allow the apartment to be further developed both aesthetically and in terms of its market position over the long term. For investors, this property combines several key features: an existing rental agreement, a well-designed four-room layout, a balcony, a family-friendly layout, and long-term development potential. The excellent infrastructure of the Kirdorf district, with schools, childcare facilities, shops, recreational areas, and convenient access to the city center of Bad Homburg, further supports its sustainable rental appeal.

Cold rent: €652.85 per month - €7,834.20 per year
Warm rent: €926.85
Building maintenance fees: €424 - €150 not included.

Are you interested in this apartment?

Object Number
OM-486790
Object Class
Apartment
Object Type
Apartment
Is occupied
Occupied
Handover from
By arrangement

Purchase price & additional costs

purchase price
220.000 €
Purchase additional costs
approx. 16,552 €
Total costs
approx. 236,552 €
HOA fee
424 €

Breakdown of Costs

Purchase price 220.000 €
Real estate transfer tax 13,200 € (6.00%)
Notary costs 2,217 € (1.01%)
Land register entry 1,136 € (0.52%)
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: 886€

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Based on equity 20% of the purchase price plus the purchase incidental costs / 10 years fixed interest rate / 2% initial repayment / Effective interest rate 4.04%

Details

Condition
In need of renovation
Number of floors
4
Level
1st floor
Usable area
8 m²
Bathrooms (number)
1
Bedrooms (number)
3
Flooring
Carpet, Tiles
Heating
Floor heating
Year of construction
1960
Equipment
Balcony, Basement
Infrastructure
Pharmacy, Grocery discount, General practitioner, Kindergarten, Primary school, Secondary school, Middle school, High school, Comprehensive school, Public transport

Information on equipment

The apartment requires renovation and is very well suited as a redevelopment project for long-term investment. A new Vaillant gas-powered water heater was installed in 2023. The heating is provided by a combined heat and power plant that serves the entire neighborhood.

Location

3 Kelkheimer Straße is located in the Kirdorf district of Bad Homburg, within the established residential area of Eichenstahl. The location offers a family-friendly living environment with easy access to schools, childcare facilities, shops, and a variety of leisure activities. The district is particularly appealing to families due to its excellent educational and childcare options. Kirdorf is home to the Ketteler-Francke primary school, and the Gluckenstein comprehensive school is also easily accessible. In addition, there are several kindergartens, a daycare center, and after-school programs available. Playgrounds, sports fields, and the Kirdorf/Eichenstahl community and family center further enhance the family-oriented infrastructure. Shops for daily necessities are located directly within the district. Supermarkets, bakeries, pharmacies, and other stores are within a few minutes' reach. For larger purchases and leisurely browsing, the city center of Bad Homburg, with Louisenstraße, offers a diverse range of retail stores, restaurants, and services. Even without a car, the location is well-connected: a bus stop is located directly on Kelkheimer Straße. From here, there are connections to the city center and Bad Homburg train station. The S-Bahn line S5 provides a direct connection between Bad Homburg, Oberursel, and Frankfurt am Main. Motorists can access the A5 and A661 motorways via the Bad Homburg interchange, providing access to the surrounding economic centers of the Rhine-Main region. The nearby Kirdorfer Feld offers a particularly attractive recreational area. This extensive nature and landscape conservation area, with its meadows, orchards, and walking paths, invites shared excursions, cycling trips, and outdoor activities. In addition, there are the Nord-West sports facility, the Wiesenborn sports field, an equestrian center, and numerous Bad Homburg clubs. The Kurpark, the Seedammbad swimming pool, the Stadtwald forest, and the forests of the Taunus also offer families a variety of recreational opportunities. This location combines proximity to nature, a family-friendly infrastructure, and easy access to Bad Homburg and Frankfurt – ideal conditions for establishing a long-term home.

Location Check

Child Friendliness
Shopping
Sports
Health
Public Transport
Eating Out
Culture
Nature
Nightlife

Energy

Final energy consumption
175.40 kWh/(m²a)
Energy efficiency class
F
Energy certificate type
Consumption certificate

Miscellaneous

Currently, the apartment is occupied by an elderly gentleman who lives there alone and wishes to continue living there.

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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Commission: No commission for buyers

Offer from: Frederik Goergen