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Your yield jewel: apartment building with 6% and growth potential!
Michaelstr. 38, 65936 Frankfurt - Sossenheim (Sossenheim) – HessenThis 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% and additional upside potential, this apartment building is a real gem for investors.
Are you interested in this house?
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Object Number
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OM-321776
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Object Class
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house
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Object Type
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multi-family house
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Is occupied
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Occupied
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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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830.000 €
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Purchase additional costs
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approx. 60,128 €
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Total costs
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approx. 890,128 €
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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: 2,800€
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Details
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Condition
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rehabilitated
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Number of floors
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3
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Usable area
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25 m²
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Bathrooms (number)
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4
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Bedrooms (number)
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10
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Number of carports
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1
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Number of parking lots
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2
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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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1930
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Equipment
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garden, basement, shower bath, fitted kitchen, guest toilet
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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
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
Energy
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Final energy consumption
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103.00 kWh/(m²a)
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Energy efficiency class
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D
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Energy certificate type
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consumption certificate
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Main energy source
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gas
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Energieausweis
Miscellaneous
NO BROKER COMMISSION
1. attractive rental prospects:
The projected annual rental income is approx. 49,800 euros, making this property an extremely profitable investment.
2. flexible transfer options:
The apartment building can be handed over either rented or unrented. This offers the new owner maximum flexibility: either you take over an already established cash flow and have the property handed over fully let, or you opt for the option of selecting new tenants yourself and customizing the letting strategy.
3. growth potential:
For investors with a visionary approach, the property offers further upside potential that could be realized immediately through minor optimization measures. Take the opportunity to increase the value of the property even further.
4. cash-flow ready:
If you wish, we can take over the complete letting of the property before handover, so that you can realize a seamless transition and immediate income from your investment.
Broker inquiries not welcome! According to § 7 UWG, unsolicited contact by brokers without the express consent of the recipient is prohibited!
Topic portals
Send a message directly to the seller
Questions about this house? Show interest or arrange a viewing appointment?
Click here to send a message to the provider:
Offer from: Andreas Lohmüller
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