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Frankfurt-Sachsenhausen: 1 BR apartment with good rental income
Attractive investment property in good location
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AllGrund sales offer number: 201159
City: 60598 Frankfurt
Part of city: Sachsenhausen
Type of property: Freehold flat
Description:
Furnished 1 BR apartment, some years ago extensively refurbished, fully equipped for rentals for limited time periods. Wooden floors, bath with tub, balcony, good location not far from south train station. About 56 sqm living space. Common property in good well cared for condition.
Equipment and facilities:
Tastefully furnished.
Description of surrounding area:
Supermarket HIT and OBI as well as LIDL only three minutes away. Tram close by, walking distance to Suedbahnhof (south train station) about ten minutes.
Public transport and highway connections:
Tram in front of door, south train station about five minutes walk. Frankfurt International Airport 10-15 minutes only.
Other details:
Currently rented for 980 warm, after deduction of cost remain about 800 € per month net.
Sales Price: 155.000,-
(Euro or currency quoted)Brokerage fee payable by buyer (incl. VAT): 5,95% incl. MWSt. / VAT
Detailed information breakdown:
Year of construction: ca 1910
Last extensive refurbishment or restoration: 1997
Residential (living) space ca m²: 56
Land property is: : Freehold land
Land value (&euro per m²) : 760
Current state of rental affairs : New lease until 31st December 2009, then owner use possible.
Rental income net per year (actual) : 9600
Amount of non transferable bills p.yr. :about 500 EUR
Net yield : 6,2 %
Rental income potentially : 9600
Net yield potentially : 6,2 %
Has partition been done and approved :Yes
Type of heating system : Individual gas heatings
Heating system regularly maintained : Yes
Cellar rooms : Yes
Condition of cellar or basement : Large dry cellar
Roof construction : Pitched roof
Condition of roof : Good
Monthly house fees in € : 159
How much of that is chargeable to tenant : 90
Floor level : 1
Number of rooms : 2
Number of bedrooms : 1
Number bathrooms : 1
Guest toilet : no
Contact: AllGrund
Tel: +49 (0) 6103 310847
Mobil: +49 (0) 151 5870 3200
Fax: +49 (0) 6103 80 73755
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