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Your yield jewel: Apartment building with a factor of 15 (6.6% yield) and potential for growth!

Michaelstr. 38, 65936 Frankfurt - Sossenheim (Sossenheim) – Hessen
830.000 €
12
Room
180 m²
Living Area
236 m²
Property
Private offer
house
multi-family house

This high-yield apartment building at Michaelstrasse 38, Frankfurt-Sossenheim, offers an excellent opportunity for investors looking for a future-oriented investment. The building has been optimally designed for the letting of individual rooms through targeted conversion measures and offers flexible usage options.
The first floor impresses with a communal kitchen, a functional bathroom and three residential units that are ideal for shared apartments. There are four further rooms on the second floor, which impress with their functional room layout. The top floor offers two self-contained units, each with a bedroom and a living room - perfect for couples or single tenants. A separate shower, toilet and kitchen complete the floor.
A special highlight is the tiny house in the garden, which has its own kitchen, living room, bedroom and bathroom. This compact and modern residential unit offers additional rental potential.
The communal facilities in the house are designed for efficiency and comfort: There are two additional toilets in the stairwell, and tenants will find two high-performance washer-dryers in the laundry room.
The ultra-modern heating system in the basement, which is supported by a solar system on the extension, ensures a sustainable energy supply - a contribution to low operating costs and ecological responsibility.
The property is located in a quiet residential area in Frankfurt-Sossenheim, with good transport links and infrastructure. With a yield of 6.6% (factor 15 on the basic rent) and additional potential for growth, this apartment building is a real gem for investors.

The basic rents per year amount to 54,600 euros!!!

Are you interested in this house?

Object Number
OM-321776
Object Class
house
Object Type
multi-family house
Is occupied
Occupied
Handover from
by arrangement

Purchase price & additional costs

purchase price
830.000 €
Purchase additional costs
approx. 60,128 €
Total costs
approx. 890,128 €

Breakdown of Costs

Purchase price 830.000 €
Real estate transfer tax 49,800 € (6.00%)
Notary costs 6,831 € (0.82%)
Land register entry 3,498 € (0.42%)
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: 2,761€

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 2.99%

Details

Condition
rehabilitated
Number of floors
3
Usable area
25 m²
Bathrooms (number)
4
Bedrooms (number)
10
Number of carports
1
Number of parking lots
2
Flooring
laminate, tiles, vinyl / PVC
Heating
central heating
Year of construction
1930
Equipment
garden, basement, shower bath, fitted kitchen, guest toilet
Infrastructure
pharmacy, grocery discount, general practitioner, kindergarten, primary school, secondary school, middle school, high school, comprehensive school, public transport

Information on equipment

All rooms are fully furnished and as good as new

Location

Michaelstrasse 38 is located in the Sossenheim district in the west of Frankfurt am Main. Sossenheim is characterized by a quiet residential area with good connections to Frankfurt city centre. Michaelstrasse itself is a traffic-calmed zone with a maximum speed limit of 30 km/h and is partially designated as a one-way street.

There are various everyday amenities in the immediate vicinity of Michaelstraße 38:

- **Public transportation**: The bus stop "Frankfurt (Main) Sossenheimer Kirchberg" is only about 30 meters away and offers connections to local public transport.

- **Shopping facilities**: A supermarket is located about 700 meters away, and a bakery is only 110 meters away.

- **Healthcare**: The Feldberg pharmacy is about 400 meters away, and a doctor's office is in the immediate vicinity.

- **Educational facilities**: A kindergarten is about 220 meters away, and the Albrecht Dürer School is 340 meters away.

The location thus offers an ideal combination of quiet living and easy access to infrastructure and services.

Location Check

Natur
500m
Mobilität
250m
Einkaufen
50m
Medizin
350m
Sport
300m
Restaurants
250m
Kultur
200m
Nachtleben
300m

Energy

Final energy consumption
103.00 kWh/(m²a)
Energy efficiency class
D
Energy certificate type
consumption certificate
Main energy source
gas

PDF

Miscellaneous

NO BROKER COMMISSION

1. attractive rental perspective:

2. potential for growth:
For investors with a visionary approach, the property offers further potential for appreciation that could be implemented immediately through minor optimization measures. Take the opportunity to increase the value of the property even further.

3. cash-flow ready

Broker inquiries not welcome! According to § 7 UWG, unsolicited contact by brokers without the express consent of the recipient is prohibited!

Send a message directly to the seller

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Offer from: Andreas Lohmüller