Flat for sale 3+1 • 83 m² without real estate, Hesse

Offered is a rented, bright 3-room apartment on the first floor of a well-maintained multi-family house in Idstein.

Apartment Description

The 83 m² apartment on the first floor impresses with its bright, friendly layout featuring a living room, two bedrooms, and a separate kitchen. The daylight bathroom was modernized in 2015 with a shower, and the electrical distribution panel was also renewed at that time. The gas central heating system dates from 2013 and was completely renewed then—including the riser pipes. The apartment is complemented by a loggia and an associated basement storage compartment. It has been rented for many years to a reliable tenant, so buyers can look forward to a well-established, stable rental relationship without any vacancy risks.

The current cold rent is €779, and there is significant potential for rent increases since the apartment is currently rented well below the market rate.

Overall Property

The multi-family house was built in 1964 and is part of a condominium (WEG) with a total of 16 residential units. At present, the staircase is being renovated at the seller’s expense. In addition, for 2027, a facade insulation and the renewal of the balcony railings are planned. The special assessment for the apartment is paid by the seller; however, the future owner can deduct the costs of approximately €19,000 from their taxes. Management is handled by a professional property management company, if desired, even including special condominium management.

What Makes the Apartment Attractive to Investors

- Immediately rented: ongoing rental income (€779 cold rent) from day one, no rental management effort (predictable cash flow)

- Gross rental yield of around 4.5% on the purchase price

- Non-allocable homeowners’ association fee of approx. €85 per month

- Ongoing staircase renovation as well as planned facade insulation and renewal of the balcony railings in 2027 – modernization expenses for the buyer are tax-deductible

- Professional condominium (WEG) management takes care of the ongoing operations – minimal personal effort required from the owner

- Central location in Idstein with good infrastructure, local amenities, and high rental demand

- Further potential for rental increases up to market rent is available

- Pre-approved 110% financing is possible with our banking partners

The apartment is located in a quiet and well-maintained residential area. Within a few minutes’ walk, you can reach the train station, the town center, and a supermarket.

The university town of Idstein itself is located in the Rheingau-Taunus district and offers excellent infrastructure with local amenities, schools, and doctors in the immediate vicinity, as well as good connections to the surrounding metropolitan areas via the A3 and the train station – ideal conditions for long-term good rental prospects.

MKA Immobiliengesellschaft mbH

Mergenthalerallee 73–75

65760 Eschborn

Represented by: C. Kölschbach

Commercial Register: District Court of Frankfurt am Main, HRB 142776