Frankfurt-Sachsenhausen: 1 BR as investment

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Object Address
PLZ-ZIP Code: 
60598
City: 
Frankfurt
Part of City: 
Sachsenhausen
District: 
Hessen
Country: 
Germany
Vital data
In a nutshell: 
Beautiful old building flat with wooden floor boards, renovated, well leased. Ideal investment in good location.
Rooms: 
2,0
Bedrooms: 
1,0
Living space in sqm (Info): 
45.00m²
Type of Condo: 
Apartment
Year of construction (Info): 
approx. 1910 according to energy performance cert.
Floor (groundfloor=0): 
1
Condition: 
renovated
Status at handover: 
rented
Current net rent per month: 
600.00€
Asking price (Euro): 
143.000€
Brokerage fee incl. VAT (% of notarized purchase price): 
5.95%
Payable by: 
Buyer
Available as of: 
negotiable
Detailed Information
Size of Landplot: 
3548.00m²
Freehold or Leasehold?: 
Freehold
Monthly housing fee: 
115.00€
Payable utilities by tenant: 
90.00€
Detailed description of property incl equipment: 

Chic 1 BR flat with wooden floor boards (refurbished in 2011), with fitted kitchen (2005), washing maschine (new), gas floor heating (modernized in 2007). When the current tenant moved in in 2011 all cosmetic repairs were done. In the kitchen partly timber piling, partly original terrazzo flooring. Bath with tub, refurbished in 2005. Insulated windows.

Currently leased to a very nice tenant, who wants to stay in the flat furthermore. Therefore a good investment in the first place. Especially with the actually low interest rates of e.g. about 3 % for ten years it pays itself off in short time. With an financing amount of 145,000 EUR for 3 % the repayment of the loan will only be 2200 EUR p.a. The increase in value within the next ten years because of the housing shortage in Frankfurt can mean an additional increase in return, and if you sell after ten years your profit will be exempt from taxes (according to present laws).

Margin (annual net rent : purchase price): 
4.97 %
Factor: 
20x
Price per sqm: 
3177 €
Description of location: 

Preferred residential area near Schweizerplatz, southern train station and Ziegelhüttenplatz (with supermarket and hardware store OBI).

Connection to traffic routes / public transport: 

Tramway station one minute, bus, train not far

General noise level of location: 
Alive
Funds available in the reserve account ca.: 
43373.94€
as per date: 
31.12.2011
Type of heating and warm water preparation: 
Gas
More options on heating: 
Single apartment boilers
Age of heating system (approx): 
5 Years
Comments regarding parking situation: 
There is no parking space belonging to the house. Parking is possible in the immediate vicinity on the street or parking spaces nearby.
Kitchen built in: 
Yes
Which is the most characteristic feature of this property: 
Good investment in well cared for property

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PDF Files / Floorplans:
Nice living room
Nice living room

Original hardwood floors, restored
Original hardwood floors, restored


Insulation windows
Insulation windows

Bath with tub
Bath with tub

Entrance to the flat
Entrance to the flat

Sandstone stairs
Sandstone stairs

Facade
Facade

Disclaimer:
All data given here are based on the informations from the seller or owner and are without any guarantee by the agent or broker.
Especially room sizes or area sizes are not verified. If there is any doubt we recommend to verify the area sizes or living area.