House for sale • 450 m² without real estate, Rhineland-Palatinate

For sale is a distinctive multi-family house (built around 1900) that was comprehensively refurbished from a technical and energy standpoint in 2022/2023.

With an annual net cold rent of €38,200 and a purchase price of €564,000, you achieve a gross yield of approximately 6.9% (factor 14.5).

THE “INVESTOR EXTRAS” AT A GLANCE:

• 4 fitted kitchens are included, which allows €16,000 to be declared as exempt from property transfer tax.

• All apartments have been completely renovated and are rented out. There are no outstanding arrears.

Seller Loan:

I am offering you a private loan of €40,000 at 4% interest (ideal for covering ancillary purchase costs), which—with subordinated security—reduces the required equity investment.

RENOVATION & TECHNOLOGY (2022/2023):

• Heating: Modern Fröling pellet heating system (2022) – CO₂-neutral and future-proof.

• Insulation: Top floor ceiling (U-value 0.14) as well as 60 mm of internal insulation on all exterior walls.

• Windows: Complete replacement (22/23) with triple glazing, mostly fitted with electric shutters (ground floor features double glazing).

• Fixtures: The electrical installation and all bathrooms have been completely renewed.

LAYOUT (approx. 450 m² total living area):

• Basement: approx. 60 m², 2-room apartment with kitchen and bathroom, modern and bright.

• Ground Floor (Unit 1): approx. 82 m², 3-room apartment with kitchen and bathroom. Barrier-reduced with accessible entry.

• Ground Floor (Unit 2): approx. 59 m², 2-room apartment with kitchen and bathroom, with underfloor heating.

• First Floor: approx. 130 m², a spacious 5-room apartment.

• Attic Floor: approx. 120 m², a 6-room apartment with underfloor heating.

• Additional: Attic storage area and basement rooms.

PARKING:

8 outdoor parking spaces are available directly at the property.

ENERGY:

• Primary energy demand: 40.8 kWh/(m²·a)

• Final energy demand: 148.0 kWh/(m²·a) (Class E)

The property is located in a central yet nature-adjacent area of Elkenroth, a state-recognized recreational resort in Westerwald. The community boasts an above-average infrastructure that meets all everyday needs:

Shopping & Daily Life:

In the immediate vicinity, you will find modern supermarkets (REWE, Netto), bakeries, a butcher, as well as various specialty stores for daily necessities.

Education & Childcare:

Elkenroth is a family-friendly location with its own primary school and a kindergarten right in town. Secondary schools are quickly accessible via good bus connections in neighboring towns (e.g., Gebhardshain or Betzdorf).

Medical Care:

Healthcare is well ensured by local general practitioners, dentists, and a pharmacy.

Banks & Service Providers:

Branches of regional banks (Sparkasse/Westerwald Bank) and post offices are within walking distance.

Leisure & Nature:

The absolute highlight is the Elkenroth pond. This popular recreational area is ideal for long walks, relaxing in nature, or engaging in sports activities. In addition, the town offers a vibrant club life and numerous sporting opportunities.

Transport Connections:

Thanks to its location on Betzdorfer Straße, tenants enjoy quick access to the surrounding centers of Betzdorf, Wissen, and Hachenburg. The highways A45 and A3 are reachable in about 20–30 minutes.