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

Renovated and well-maintained multi-family house with high yield, net cold rent of €121,200 per year, in a central location. The S-Bahn station Marktplatz Offenbach is within walking distance. The schools, kindergartens, and the pedestrian zone are also reachable on foot in just a few minutes.

• This fully rented multi-family house with a solid tenant structure is a jewel for investors, as it pays for itself and generates good net income through sustainable renting.

• High depreciation due to monument protection (ONLY the façade is under monument protection).

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

• The current annual net cold rent results from an excellent inner-city location in the Rhine-Main area with a good S-Bahn connection. With this, tenants can reach Frankfurt city center and the airport in just a few minutes without a change.

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

• ROOF REFURBISHMENT and façade: 2014

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

• Many of the individual floor gas heating systems have been gradually replaced again since 2010.

• Comprehensive renovation of the house with electrical systems, water pipes, and double-glazed windows: 1990.

• The laundry room in the basement was converted, and all washing machines as well as dryers were relocated there: 2015.

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

• The sewer system under the basement floor and the connection were completely redone: 2015.

• All basement windows replaced with double glazing: 2010.

• In the basement there are 8 storage rooms – one for each apartment – built in 2015.

• Staircase renovated: 2025.

• An additional usable space of approximately 50 m² is located under the ground floor apartment on the right side, facing the garden. Originally, it was intended as a basement apartment – prepared but not built.

• There is realistic potential for expansion by installing 6 balcony extensions facing the courtyard. This could result in an increase in the property’s value and an expansion of the usable area. In 2022, an offer for €30,000 was received.

• If later the apartments are to be rented out as partly furnished to families, the “bright 3-room apartment with balcony” is a good selling point to achieve good rent.

• Bicycle parking spaces are available in the courtyard.

• All apartments are very bright with large windows.

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

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

• Tenants pay for electricity and gas themselves, resulting in low and manageable ancillary costs.

Conclusion: The well-maintained multi-family house with a strong tenant structure, originally optimized as a retirement provision, is now being sold for personal reasons.

• Annual net cold rent: €121,200, monthly income: €10,100 (the apartment with the garden is fictitiously included. This apartment will be delivered either vacant or rented).

• The multi-family house is ideal for investors, as the building – as a historic property – has a stable foundation, is in a good location, generates high yields, and allows substantial depreciation.

• The façade is under monument protection; no energy certificate is required.

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

• Due to continuous modernization and renovations, high reserves are hardly necessary.

• The Gründerzeit (late 19th century) historic building has its charm and a beautiful façade.

Offenbach am Main is a large city in the Rhine-Main area and, together with the international financial metropolis of Frankfurt, has almost merged into one city. In the future, both cities will offer better growth opportunities. Demographic developments and an increasing number of young people are moving into the Rhine-Main metropolis.

The excellent infrastructure in central Hesse, with everything well connected, especially with excellent motorway links, proximity to the ECB and Frankfurt Airport, makes it even more attractive in the future.

***Location of the Property:***

The urban location in a large city is particularly appealing for young people and students, as there is a vibrant nightlife with bars, clubs, and educational institutions in both Frankfurt and Offenbach, as well as several universities and colleges.

This excellent location is also ideal for renting to families with a child: the bus stop for local transport is located right in front of the garden. Daily needs can easily be met on foot. Children can also walk to school.

***A viewing appointment is welcome.***

All apartments are renovated, furnished and rented, except for the completely renovated ground floor apartment with garden, terrace, and pond, which I am currently occupying myself.

For inquiries, please call

A. Sinci, Tel.: 0171 8341469