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

Multifamily house with 5 apartments, a garden, and a large garage

in solid construction, fully basemented and south-facing.

The ground floor is completely barrier-free – from the driveway, entrance area, up to the terrace without any step – and features many floor-to-ceiling windows and doors.

The upper floor can be easily converted into one 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 consists of one apartment.

The upper floor has a large and a small apartment.

There is also an apartment in the attic.

The property is on leasehold land of the Reichswald Cooperative.

The lease runs until December 31, 2070 – that is approximately 45 years.

An early contract extension for another 99 years is possible.

After the sale, the annual lease rent is €3,330 (about €275 per month).

The leasehold right offers buyers advantages, especially those who want to preserve their own capital while still not wanting to forgo a large property.

The rental income helps finance the property and provides additional private retirement provision!

You will find the property at Fischerrück, in the western part of the city. It is in a quiet location near the forest, with leisure and recreation areas right at the doorstep.

It is about a 5–10-minute drive or a 15–20-minute walk to the city centre.

A bus line runs continuously, with a stop about 3 minutes away.

All apartments are fully furnished and mostly renovated. All apartments are well rented to Americans.

All windows are of recent manufacture and triple glazed.

Rental income – warm rent – is €38,580 per annum (excluding the ground floor).

The apartments are rented on a fixed basis, including all ancillary costs, heating, electricity, etc.

Some apartments are rented to Americans through the American Housing Office.