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Easy-care investment property near Kassel city center without estate agent
34125 Kassel – HessenThe property consists of a complex with 3 apartment buildings:
1 eleven-family house built in 1960, 5x3ZKB - 3x2ZKB - 3x1ZKB, total living space of 573 sqm
1 eleven-family house built in 1959, 2x3sqm - 6x2sqm - 3x1sqm, total living space 520 sqm
1 six-family house built approx. 1900, complete renovation 1992, 6x 3ZKB, total living space 362 sqm.
The total living space is 1,455 sqm. All houses have a full basement.
There are also 11 garages and 9 parking spaces in the yard.
The total annual rent is currently €120,000.
Are you interested in this offer?
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Object Number
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OM-303096
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Object Class
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apartment building or investment property
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Object Type
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apartment building
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Handover from
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by arrangement
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Purchase price & additional costs
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purchase price
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2.700.000 €
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Purchase additional costs
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approx. 192,997 €
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Total costs
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approx. 2,892,996 €
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Breakdown of Costs
* 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
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Estimated monthly rate: 9,144€
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Details
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Condition
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well-kept
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Total area
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1455 m²
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Number of garages
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11
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Number of parking lots
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9
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Net rental income (target) p.a.
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120000 €
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Net rental income (actual) p.a.
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120000 €
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Number of units
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28
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Heating
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other
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Year of construction
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1960
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Information on equipment
The two 11-family houses were fitted with new plastic windows, front doors and side entrance doors a few years ago and have been thermally insulated. Some of the apartments have already been completely renovated. (Example photos of a refurbished one-bedroom apartment). The apartment sizes vary between 29 sqm and 67 sqm of living space.
All apartments are heated with district heating. Each apartment has its own heat meter and water meter. The consumption of the individual residential units is billed directly to the tenants by the energy suppliers.
Hot water is supplied to all apartments via electric instantaneous water heaters. This means that neither gas nor heating oil is required. This structural design has resulted in extremely simple billing of the other general ancillary costs.
Location
The entire plot measures 1,518 sqm and is located in a very quiet residential area with excellent infrastructure despite being close to the city center:
Discounter, kindergarten, district center, retirement home, elementary school, high schools, all within walking distance. The city center and market hall are only a 10-minute walk away. The bus and streetcar stops are in the immediate vicinity, and the university and municipal clinics are also within easy reach. There are also excellent connections to the highways.
There are low-maintenance green areas in the courtyard of the shared property, as well as 9 parking spaces and 11 garages. The apartments, garages and parking spaces are fully let.
Location Check
Energy
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Energy certificate type
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demand certificate
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Main energy source
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district heating
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Final energy demand
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129.00 kWh/(m²a)
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Miscellaneous
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