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Modernized condominium with balcony, parking space and top rental income

Schillerstraße 40, 56288 Kastellaun – Rheinland-Pfalz
149.000 €
2
Room
53.74 m²
Living Area
apartment

This modernized apartment with two rooms and approx. 54 m² of living space is located on the 1st floor of a condominium apartment building in a residential area close to the center of the popular "BurgStadt" Kastellaun. Due to its size, the property is particularly suitable for singles and couples. The apartment has just been newly let and generates an impressive net rental income of EUR 500.00 per month plus EUR 20.00 for the parking space. You can enjoy the sun on the sheltered balcony even in the evening hours.

Inside, the apartment is in a freshly modernized condition. You will love the classic floor plan. Branching off from the central hallway are the practical kitchen with enough space for a breakfast table, the bright living area with dining area and access to the balcony, the cozy bedroom and the fully renovated bathroom.

- The apartment entrance door and all room doors have been renewed.
- The walls are newly wallpapered and painted white.
- The ceilings in the hallway, kitchen and bathroom have been suspended and fitted with ceiling spotlights.
- The rooms are fitted with light-colored laminate, the hallway and bathroom with new tiles.
- The entire electrical system (sub-distribution, wiring and switches/sockets) has been renewed.
- The windows are double-glazed with plastic frames.
- The prerequisites for retrofitting electric shutters were created on all windows.
- A new gas central heating system (condensing boiler) supplies the house with heat.
- The radiators have also all been replaced.
- In addition to the "broom closet", a cellar room of 8.48 m² is available for storage.
- One of the newly created outdoor parking spaces is allocated exclusively to this apartment.
- The roof will be renewed in the course of the already approved attic conversion (- at no cost to the new apartment owners)

The apartment is currently rented for a total of EUR 520.00/month. A monthly house fee has not yet been determined, as the takeover of the management by a property management company is imminent.

Are you interested in this apartment?

Object Number
OM-304840
Object Class
apartment
Object Type
apartment
Is occupied
Occupied
Handover from
immediately

Purchase price & additional costs

purchase price
149.000 €
Purchase additional costs
approx. 9,902 €
Total costs
approx. 158,901 €

Breakdown of Costs

Purchase price 149.000 €
Real estate transfer tax 7,450 € (5.00%)
Notary costs 1,621 € (1.09%)
Land register entry 831 € (0.56%)
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: 534€

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 3.38%

Details

Condition
modernized
Number of floors
2
Level
1st floor
Usable area
8.5 m²
Bathrooms (number)
1
Bedrooms (number)
1
Number of parking lots
1
Flooring
laminate, tiles
Heating
central heating
Year of construction
1961
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 solid apartment building with the modern plaster façade was built in 1961 in a classic style and is now in a largely modernized condition. The building currently houses four condominiums. The planned and already approved conversion of the top floor will create two more apartments. The entire roof will be renewed in the process (at no cost to the future apartment owners).

The following modernizations were carried out between 2023 and 2024 New front door including letterbox and doorbell system, exterior basement door, windows in the stairwell, laundry room including installations for washing machines, balconies (railings and privacy screen), wall paint and railing paint in the stairwell, electrics and wall paint in the stairwell and throughout the basement, new gas condensing heating system, complete painting of the exterior walls, newly created car parking spaces, newly created waste garbage can area, edging of the exterior walls with kerbstones and gravel as so-called. general optimization of the outdoor facilities. A laundry room and a drying room are available for communal use. Following the sale of this last apartment, the new homeowners' association created by the division will commission a property management company with the ongoing management of the property. The communal property and the outside area will be maintained by a regional janitor service.

Location

The "BurgStadt" Kastellaun is located in the middle of the beautiful Hunsrück region, centrally located on the B327 (Hunsrückhöhenstraße) between Hermeskeil and Koblenz. You can also reach the A 61 highway in just a few minutes, and in less than an hour you can get to the next larger cities of Koblenz, Mainz and Trier, as well as numerous excursion destinations around the Moselle and Rhine. Kastellaun is therefore quiet and rural - but still centrally located. The historic small town enables a quiet life close to nature - but at the same time offers many opportunities such as leisure activities, stores and businesses, schools, public transport connections, banks, doctors and much more. An ideal home for families, business people or even single people and pensioners. All generations are well catered for thanks to the good infrastructure. The proximity to Hahn Airport also offers many advantages as well as jobs for residents of the region. A strong increase in tourism and the growing number of families moving to Kastellaun and the surrounding area confirms the future forecast for the town and the entire district. The town of Kastellaun in particular is taking on a pioneering role when it comes to making the location even more attractive for residents: Consistent renovation of the old town and the statistically proven increase in markets and stores, are breathing new life into the historic town center. As an apartment owner, you benefit from stores, banks, doctors and much more within walking distance, making the investment worthwhile for older people too. Thanks to the good location, you are not dependent on a car to run errands, as you will find everything you need to maintain a high standard of living within the town of Kastellaun.

Location Check

Natur
200m
Einkaufen
200m
Mobilität
400m
Medizin
500m
Restaurants
200m
Sport
750m
Nachtleben
300m
Kultur
400m

Energy

Energy efficiency class
E
Energy certificate type
demand certificate
Main energy source
gas
Final energy demand
154.80 kWh/(m²a)

PDF

Miscellaneous

Imprint:

E&F Projekt eGbR - Oberstraße 32 - 55469 Simmern
Partners: JE Projektentwicklung GmbH/Johannes Engelfried and Paulina Fiedler
Phone: 0173 8454635 - E-Mail: info@ef-projekt.de

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Offer from: E&F Projekt eGbR

Phone: 0173 8454635