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MFH 6 WE COMMISSION FREE! 5.5% yield

63594 Hasselroth (Niedermittlau) – Hessen
1.100.000 €
20
Room
535 m²
Living Area
683 m²
Property
Private offer
house
multi-family house

6-family house in quiet surroundings. The apartments on the first floor and first floor each have 3 rooms, but on the top floor there is an additional room in the converted attic. In 5 apartments, one room is a kitchen/living room, in one attic apartment the kitchen is a single room. The attic apartments are maisonettes. Each apartment has its own cellar room. One cellar room was once converted into an apartment with approx. 30 sqm. This could possibly be realized again.
There are 12 outdoor parking spaces. Furthermore, there is a laundry room with electricity and water connection for each apartment; each for dryer and washing machine. There is also a bicycle cellar in which the lawnmower, general brooms etc. are stored. The apartments on the ground floor and 1st floor each have 95 sqm and the apartments on the top floor have 82 sqm and 85 sqm respectively.

There are no registered encumbrances or easements in the land register or building encumbrance register!

Are you interested in this house?

Object Number
OM-338302
Object Class
house
Object Type
multi-family house
Is occupied
Occupied
Handover from
by arrangement

Purchase price & additional costs

purchase price
1.100.000 €
Purchase additional costs
approx. 79,463 €
Total costs
approx. 1,179,462 €

Breakdown of Costs

Purchase price 1.100.000 €
Real estate transfer tax 66,000 € (6.00%)
Notary costs 8,925 € (0.81%)
Land register entry 4,538 € (0.41%)
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: 3,879€

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Based on equity 20% of the purchase price plus the purchase incidental costs / 10 years fixed interest rate / 2% initial repayment / Effective interest rate 3.29%

Details

Condition
well-kept
Number of floors
4
Usable area
180 m²
Bathrooms (number)
6
Bedrooms (number)
14
Number of parking lots
12
Flooring
laminate, carpet, tiles, vinyl / PVC
Heating
central heating
Year of construction
1993
Equipment
terrace, garden, basement, shower bath, guest toilet
Infrastructure
pharmacy, grocery discount, general practitioner, kindergarten, primary school, public transport

Information on equipment

Modern bathroom renovations were carried out in 3 apartments; the last one in 2023! Furthermore, a new gas condensing boiler was installed in 2022. In addition, the apartments have been fitted with new front doors in the past 2 years. New room doors were installed in 5/6 apartments. The two ground floor apartments each have a small garden. A new intercom system was installed in 2023. One of the attic apartments was extensively renovated, both visually and in terms of energy efficiency. In addition to a satellite system, the house also has a cable connection.

Location

The house is located on the outskirts of Niedermittlau, in the municipality of Hasselroth, at the end of a residential street. This results in an extremely low volume of traffic. There is an adjacent nature reserve, which tenants like to use for walks. Shopping facilities for daily needs, doctor, dentist, kindergarten and elementary school in the village. Secondary school in Neuenhaßlau, comprehensive school in Langenselbold, secondary school and grammar school in Gelnhausen. Freeway connection A66 3km. Rail connection at the stations Niedermittlau-Bahnhofssiedlung­, or Hailer Meerholz each approx. 3km. Nearest towns: Langenselbold and Gelnhausen approx. 8km each.

The rentability is excellent. There have been no vacancies in recent years. Long-term tenancy agreements also show that the tenants are generally satisfied.

Due to the good location and rail connection and highway, the proximity to Frankfurt and generally good infrastructure, this will continue to be a sought-after property and will also contribute to the general increase in value in the future.

Location Check

Natur
Medizin
Mobilität
Einkaufen

Energy

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

PDF

Miscellaneous

The house has been fully let for years without interruption/vacancy! There is always a very high demand when new lettings take place. The age of the tenancy agreements is: 1-16 years. 3 of them over 14 years. There have been no payment difficulties on the part of the tenants for years!

The current annual yield is 5.56% based on the net sales price and 5.15% on the gross purchase price (including property tax and notary costs).

More detailed information regarding the financial details is available on request.

You are probably wondering why I want to sell:
1) My speculation period of 10 years is up. (tax-free sale)
2) Main problem: My depreciation is very low ==> Very high income tax burden
3) I have to drive 120km to get to the house. This is feasible but not ideal, as I do all the property management myself.
4) I have a lot of time on my hands and would like to take some of the pressure off.

The pictures show the rooms from one apartment.

I am selling without an estate agent and without the associated fees!
Please understand that I will no longer disclose my telephone number here.

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: Helmut Kohlhepp

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