House for sale • 425 m² without real estate, Hesse

For sale is a well-maintained multi-family house built in 1993, featuring a total of 6 residential units with approximately 425 m² of living space on a plot of around 697 m².

The property is particularly attractive both for investors and current owners, as well as for buyers considering the later individual sale of the apartments.

Currently, 4 of the 6 apartments are vacant. Only the apartment on the 1st floor, left side, and the attic apartment on the left side remain rented. However, the tenants have also indicated their willingness to move out. This presents the buyer with the rare opportunity to immediately re-let a large part of the house after purchase, use it for personal needs, or—after subdivision—sell the units individually.

A major advantage: the occupancy certificate is already available. The declaration of division is currently being prepared. This means that the essential prerequisites for a future conversion to condominium ownership are already in place or underway.

The apartment sizes range from 43 to 82 m², making them ideal for re-letting or sale.

For the rental calculation, a market-appropriate target rent of €11.50/m² has been used for all apartments. In addition, €30 per month per parking space and €50 per month for the garage were taken into account. This results in the following calculated rental potential:

Target rent for apartments: €4,887.50 per month

6 parking spaces: €180.00 per month

Garage: €50.00 per month

Total target rent: €5,117.50 per month

Total target annual net cold rent: €61,410

The building is in an overall well-maintained condition. Regular maintenance and modernization measures have been carried out over the past years.

Notably, the oil-fired central heating system was completely renewed in 2023.

Additionally, the property includes 6 car parking spaces and a garage.

This provides an interesting combination of ongoing income and an additional exit option through the prepared individual sale of the apartments.

The property is located in 63674 Altenstadt in the Wetterau district, in the extended commuter belt of Frankfurt am Main and the Rhine-Main area.

This location makes Altenstadt particularly appealing for both owner-occupiers and investors: compared to Frankfurt and the immediately adjoining cities, property prices and rents are still at a more attractive level, while there is excellent accessibility to the economically strong Rhine-Main region.

Altenstadt combines a quiet and pleasant residential setting with good regional infrastructure. Shopping opportunities, schools, daycare centers, and medical facilities are all within easy reach.

Public transport links exist, for example in the directions of Frankfurt, Friedberg, and Gießen. The region is also well connected by car via the nearby major traffic routes and the A45.

Thus, the location benefits both from local housing demand and proximity to the economically robust Rhine-Main region.

*** Highlights ***

- Built in 1993

- Well-maintained multi-family house with 6 residential units

- 4 apartments currently vacant

- Occupancy certificate available, declaration of division in preparation

- Oil-fired central heating renewed in 2023

- 6 parking spaces + 1 garage

- Attractive potential for investment and individual sale

- Overall very well-maintained condition