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

Multi-family house with 5 apartments, garden, and large garage, built in solid construction, fully basement-equipped with a south-facing orientation.

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 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 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 leasehold plot of the Reichswaldgenossenschaft, with the lease term running until December 31, 2070 – approximately 45 years. An early contract extension for 99 years is possible. After the sale, the annual leasehold payment is €3,330 (or €275 per month).

The leasehold arrangement offers particular advantages for buyers who wish to preserve their own capital while still enjoying a large plot of land. The rental income helps finance the property and provides additional private retirement provision.

The property is located on Fischerrück in the western part of the city, in a quiet area adjacent to the forest and directly in front of leisure and recreational areas. It is about 5–10 minutes by car and 15–20 minutes on foot from the city center. A bus line runs frequently, and the bus stop is approximately 3 minutes away.

All apartments are fully furnished and mostly renovated. They are all well rented to Americans; all windows are relatively new and triple glazed.

Rental income – warm – is €38,580 per annum (without the ground floor).

The apartments are rented out on a fixed basis, including all ancillary costs, heating, electricity, etc. All apartments are rented to Americans, partly through the American Housing Office.