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Residential complex in Niederrad with large sunny garden - for sale!
60582 Frankfurt am Main (Schwanheim) – HessenProperty description
The property on offer here in Frankfurt-Niederrad combines the charm of historic buildings with solid substance and a wide range of possible uses. The property extends over approx. 907 m² and comprises a front building with two residential units, an outbuilding with one residential unit and a rear building, which is used as an apartment building with six further residential units.
The rental space totals around 543 m², divided into approx. 424 m² in the rear building and around 119 m² in the front building and outbuilding. The well-kept structural condition of the properties creates an ideal basis for long-term investments. While the residential units in the front building are rather simply furnished, the apartments in the rear building are partly renovated and inviting. There are no listed buildings.
A particular highlight is the spacious garden area with its own fountain, which not only offers an oasis of peace, but is also optimally lit thanks to its southern orientation. The inner courtyard allows for limited parking, which is a great advantage in a city location like Frankfurt.
Are you interested in this offer?
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Object Number
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OM-322694
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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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residential complex
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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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1.950.000 €
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Purchase additional costs
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approx. 139,811 €
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Total costs
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approx. 2,089,810 €
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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: 6,435€
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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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1998
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Number of floors
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4
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Total area
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580 m²
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Other areas
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40 m²
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Number of parking lots
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3
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Net rental income (target) p.a.
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5518 €
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Net rental income (actual) p.a.
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4300 €
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X-times rental income
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37.00
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Number of units
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10
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Flooring
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parquet, laminate, carpet, vinyl / PVC, other (see text)
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Heating
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other
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Year of construction
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1904
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Equipment
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balcony, garden, basement, full bath, shower bath, 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
The front house, built in 1860, and the rear house, built around 1904, are characterized by a robust building fabric. No energy-efficient refurbishment has been carried out to date, so there is potential for modernization. The apartments in the front building are heated by night storage heaters, while the rear building has an oil-fired central heating system whose components, such as circulation pumps and mixers, were replaced in a timely manner.
The facades are solid, but without a thermal insulation composite system. The windows in the rear building were last replaced in 1998 with modern plastic windows with insulating glazing. The interior of the rear building offers a generously designed staircase with terrazzo floors, which emphasizes the charming character of the building.
The outside area offers a lovingly landscaped garden with ornamental and useful plants, including a large cherry tree. The masonry enclosure and hedges provide privacy. Functional parking spaces for one to two vehicles are located in the courtyard, although the original plans for seven parking spaces still leave potential for expansion.
Location
The property is located in a popular residential area in the Niederrad district, which is particularly sought-after due to its proximity to Frankfurt city center and the airport. The district offers a perfect combination of urban connections and a quiet residential atmosphere. Public transport, such as the Odenwaldstraße stop, is only 150 meters away, and the city centre can be easily reached in just a few minutes.
The surrounding infrastructure is excellent. Shopping facilities, restaurants, schools and doctors are all available in the immediate vicinity. The transport links are also impressive: The A5 freeway is just 2 kilometers away, and Frankfurt Airport can also be reached quickly in around 8 kilometers.
Frankfurt-Niederrad is known for its mature neighborhood and charming development with predominantly two- to three-storey residential buildings. The property benefits from this environment and offers both investors and families an attractive setting.
Location Check
Energy
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Main energy source
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oil
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Miscellaneous
This property is an excellent investment opportunity in the dynamic Rhine-Main region. Thanks to its solid substance and attractive location, it offers a wide range of options for both investors and owner-occupiers. With a total of nine residential units, a plot area of 907 m² and a large garden area, the property combines stable yield potential with the possibility of individual design.
The property is currently largely let, ensuring immediate income. At the same time, there is the option of further increasing the value and income through targeted renovations or modernization. Particularly noteworthy is the quiet yet central location in Frankfurt-Niederrad, which meets the requirements of tenants as well as the needs of an owner.
All important legal documents such as energy certificates and building plans are available and can be inspected if interested. There are no known contaminated sites or restrictions, meaning that the property can be developed without any major obstacles under building law.
We will be happy to answer any questions or arrange a viewing at any time. Let us convince you of the many possibilities offered by this charming and well-located property!
Broker inquiries not welcome! According to § 7 UWG, unsolicited contact by brokers without the express consent of the recipient is prohibited!
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Offer from: R. Müller
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