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Rental property with high potential for investment returns.

60596 Frankfurt/Main (Sachsenhausen) – Hessen
1.200.000 €
300 m²
Living Area
211 m²
Plot Area
Private offer
Apartment building or investment property
Residential complex

The house, built in 1914, is located in the heart of Sachsenhausen. It was purchased in 1952 by the grandparents of the current owner, who were in a completely dilapidated condition. They completely restored and renovated it.
It has since been restructured and remodeled to the point where it has provided accommodation for 13 tenants for over 20 years.
The current owner is selling the property due to age, as there is no successor and he is relocating his residence abroad.
The current net rental income is approximately €87,000 per year.
The house has 4 bathrooms, 3 kitchens, and 13 rooms.
The existing leasehold agreement expires on June 30, 2045. The leasehold payment is €2,795.14 per year until 2035.
The net rental income until the end of the leasehold agreement, without any increases, is calculated to be €1,711,000.
The city of Frankfurt is offering a new leasehold agreement starting in 2045, for a period of 60 years.
The transfer of ownership can be completed immediately, if desired by the buyer.

Are you interested in this offer?

Object Number
OM-502896
Object Class
Apartment building or investment property
Object Type
Residential complex
Handover from
By arrangement

Purchase price & additional costs

purchase price
1.200.000 €
Purchase additional costs
approx. 86,624 €
Total costs
approx. 1,286,624 €
Operating costs allocated p.a.
30,000 €

Breakdown of Costs

Purchase price 1.200.000 €
Real estate transfer tax 72,000 € (6.00%)
Notary costs 9,687 € (0.81%)
Land register entry 4,938 € (0.41%)
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: 4,816€

More accuracy in a few seconds:

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 4.02%

Details

Condition
Modernized
Year of last modernization
2023
Number of floors
4
Level
3rd floor
Total area
511 m²
Net rental income (actual) p.a.
87000 €
X-times rental income
13.80
Number of units
13
Flooring
Parquet, Laminate, Carpet, Tiles
Heating
Floor heating
Year of construction
1914
Equipment
Balcony, Garden, Basement, Full bath, Fitted kitchen

Location

Location Check

Eating Out very good
Shopping very good

Energy

Energy certificate type
not legally required
Main energy source
Gas

Miscellaneous

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: Gert Haenssel

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