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Attractive investment in Koblenz 8-party house
Andernacherstr. 7, 56070 Koblenz – Rheinland-PfalzThis property consists of a total of 8 rental areas, ranging in size from 30 to 110 m2.
On the ground floor there is a small commercial space of 30 m2 , which has been well let for many decades.
The rest of the property consists of apartments ranging from 1 room to 3 room apartments, all of which are well rented.
Apartment sizes ( 50m2, 30m2, 75m2, 110m2, 52m2 46m2, 51m2, 41m2.)
The apartment on the 1st floor will be vacant in approx. 6 months and can then be occupied by the new owner or re-let by the current owner.
The property has a well-kept garden at the rear and a full basement.
The property is characterized in particular by its very good rentability and its direct proximity to the city centre.
There is currently no renovation backlog in the property.
The house has 2 gas condensing boilers from 2011 and 2015.
The annual rent is €52,548
Are you interested in this offer?
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Object Number
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OM-317319
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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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980.000 €
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Purchase additional costs
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approx. 60,895 €
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Total costs
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approx. 1,040,895 €
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Price per m²
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2,158.00 €
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Operating costs allocated p.a.
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7,620 €
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Non-allocatable operating costs p.a.
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30 €
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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
Does this property fit my budget?
Estimated monthly rate: 3,260€
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Details
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Condition
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well-kept
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Year of last modernization
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2022
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Number of floors
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4
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Level
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3rd floor
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Commercial area
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30 m²
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Total area
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455 m²
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Net rental income (target) p.a.
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52548 €
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Net rental income (actual) p.a.
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52548 €
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X-times rental income
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18.60
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Number of units
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8
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Flooring
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laminate, tiles, vinyl / PVC
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Heating
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central heating
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Year of construction
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1954
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Equipment
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terrace, garden, basement, fitted kitchen, fireplace
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Infrastructure
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pharmacy, grocery discount, general practitioner, kindergarten, primary school, secondary school, middle school, high school, comprehensive school, public transport
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Information on equipment
The property is in a well-kept condition.
There is a fitted kitchen in 5 apartments which can be used by the tenants.
All areas are in good contemporary condition.
The property was renovated in 2011, heating, water, electricity, gas pipes, bathrooms, sewage and further modernized in recent years.
Location
Location on the outskirts of Koblenz.
5 minutes walk to the old town of Koblenz
Bus stop 25 m
Shopping facilities 500m
Lützel train station 250 m
Moselle bank 150 m
Deutsches Eck 1200m
Löhr Center 1000 m
Location Check
Energy
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Energy efficiency class
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E
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Energy certificate type
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demand certificate
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Main energy source
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gas
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Final energy demand
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162.70 kWh/(m²a)
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Miscellaneous
Topic portals
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