House for sale • 400 m² without real estateOffenbach am Main Offenbach am Main Hessen 63071

Refurbished and well-maintained multi-family house with high yield, net cold rent of €121,200 per annum, in a central location. The S-Bahn station “Marktplatz Offenbach” is within walking distance; schools, kindergartens, and the pedestrian zone can also be reached on foot within a few minutes.

• The fully rented multi-family house with a strong tenant structure is a gem for capital investors, as the building pays for itself and generates good net income through sustainable rentability.

• Due to heritage protection and a remaining useful life appraisal, high depreciation is achievable.

• Division of the building into 8 apartments (according to condominium law) is also possible.

• The current annual net cold rent is attributable to its prime inner-city location in the Rhine-Main area, with an excellent S-Bahn connection. This allows tenants to reach Frankfurt’s city center and the airport within minutes without any transfers.

• The proven rental concept with a fitted kitchen and furnishings appeals to a wide range of potential tenants. There is strong, constant demand, which minimizes vacancy risk and ensures long-term rentability.

• Roof refurbishment and façade: 2014

• Complete renovation of one apartment, partial renovations in other apartments, and all apartments renovated: 2010 and 2011

• Many apartment gas heating systems have been gradually replaced since 2010

• Core renovation of the building with new electrical installations, water pipes, and double-glazed windows: 1990

• Renovation of the basement laundry room and relocation of all washers and dryers there: 2015

• Basement lowering, modernized with water-resistant concrete, insulation, and building foil: 2015

• Complete renewal of the sewage system under the basement floor and its connection: 2015

• All basement windows replaced with double glazing: 2010

• Eight basement storage rooms built (one for each apartment): 2015

• Staircase renovated: 2025

• An additional usable space of approximately 50 m² is located beneath the ground floor apartment on the right, facing the garden. The original idea was to convert it into a basement apartment – it has been prepared for this purpose, but not constructed.

• Realistic expansion potential exists in that 6 additional balconies can be installed on the courtyard side. This can lead to an increase in the property’s value as well as an expansion of the living area. In 2022, an offer of €30,000 was made.

• If, later on, the apartments are to be rented to families as partially furnished units, the “bright 3-room apartment with balcony” is a strong selling point for achieving higher rental income.

• Bicycle parking spaces are available in the courtyard.

• All apartments are very bright with large windows.

• The ground floor apartment on the right, with its Feng Shui garden, can be connected to the partly converted “basement” via a spiral staircase upon application and approval for owner-occupation. Alternatively, with application and approval, the garden could be converted into 5 car parking spaces.

• Three kindergartens, two schools, and many shopping opportunities are in the immediate vicinity.

• Tenants pay for their own electricity and gas, keeping additional costs low and manageable.

Conclusion:

The well-maintained multi-family house with a solid tenant structure, originally optimized for retirement planning, is now for sale due to personal reasons.

• Annual net cold rent: €121,200; monthly income: €10,100 (the apartment with the garden is factored in hypothetically – it will be handed over either vacant or rented).

• The property is ideal for capital investors, as this historic building has a stable foundation, is located in a desirable area, generates high yields, and offers significant depreciation benefits.

• Due to its heritage status, an energy certificate is not required.

• This is an investment property with two possibilities: partial owner-occupation or complete rental.

• Thanks to continuous modernizations and renovations, hardly any large reserves are needed.

• The Gründerzeit-style historic building retains its charm and boasts a beautiful façade.

Offenbach am Main is a large city in the Rhine-Main region and, together with the international financial metropolis of Frankfurt, has almost merged into one urban area. Both cities offer promising growth prospects in the future. Demographic developments and an increasing influx of young people into the Rhine-Main metropolis further enhance its appeal.

The excellent infrastructure in the heart of Hesse—with comprehensive connectivity, particularly superb motorway links, and proximity to the ECB and Frankfurt Airport—makes the area even more attractive.

Property Location:

The urban setting of this large city is especially appealing to young people and students, thanks to its vibrant nightlife with bars, clubs, and educational institutions in both Frankfurt and Offenbach, as well as the presence of several universities and colleges.

This prime location is also ideal for renting to families with children: a bus stop for local transport is conveniently located in front of the garden, and everyday necessities can easily be reached on foot. Children can also walk to school.

A viewing appointment is welcome.

All apartments are renovated, furnished, and rented, except for the fully renovated ground floor apartment with garden, terrace, and pond, which I currently occupy.

For further inquiries, please contact:

A. Sinci, Tel.: 0171 8341469