House for sale • 316 m² without real estateKaiserslautern Kaiserslautern Rheinland-Pfalz 67659

Multifamily shark house with 5 apartments, garden, and a large garage constructed in reinforced concrete, fully basemented with a southern exposure. The ground floor is completely barrier-free – from the driveway and entrance area to the terrace without any steps – and features many floor-to-ceiling window elements and doors. The upper floor can easily be converted into a large apartment with the same layout as the ground floor. Half of the basement is a semi-basement and contains a residential unit. The ground floor comprises one apartment. The upper floor has a large and a small apartment. There is also an apartment in the attic.

The property is a hereditary leasehold plot owned by the Reichswald Association, with a term until December 31, 2070 – approximately 45 years. An early contract extension for 99 years is possible. After the sale, the annual lease fee is €3,330 (approximately €275 per month). The hereditary building right offers advantages especially for buyers who wish to preserve their equity without having to sacrifice a large plot of land. The rental income helps finance the property and provides additional private retirement security in later years.

The property is located on Fischerrück in the western part of the city, in a quiet area near the forest with leisure and recreational facilities right at your doorstep. It is about a 5-10 minute drive to the city center, or 15-20 minutes on foot. A bus line runs continuously with the nearest stop approximately 3 minutes away.

All apartments are fully furnished and mostly renovated. They are all well rented to Americans. All windows are of newer construction and triple-glazed. The total warm rental income is €38,580 per year (excluding the ground floor).

The apartments are leased on a FIX basis, including all ancillary costs, heating, electricity, etc. Some of the apartments are rented to Americans via the American Housing Office.