House for sale • 426 m² without real estate, Hesse

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For a commission-free sale, a well-maintained apartment building with six residential units in Altenstadt is available. Built in 1993, the building offers a total of approximately 425 m² of living space and is situated on a plot of about 697 m².

A special feature of this property is its current rental situation:

Four of the six apartments are already vacant and can be immediately re-let, owner-occupied, or marketed later as individual units. Only two units – on the 1st floor on the left and on the top floor on the left – are currently rented. Even these tenants have generally indicated their willingness to move out.

This opens up various usage possibilities for the property and makes it particularly suitable for investors, long-term holders, and developers with a strategy of later segmentation.

The individual apartments range in size from approximately 43 m² to 82 m². This size distribution allows for a broad appeal both for renting and for a potential later individual sale.

The prerequisites for a subdivision have already been largely prepared: the certificate of separability is available, and the partition declaration is currently being prepared.

From a technical standpoint, the building is in excellent condition. It is particularly noteworthy that the oil central heating system was renewed in 2023.

For new rentals, a net cold rent of €11.50 per m² has been calculated.

Taking into consideration the parking spaces available outdoors and in the underground garage, this results in a calculated rental potential of around €5,117.50 per month, or €61,410 annually.

Thus, the property offers an interesting starting point:

immediate rental potential through the already vacant units combined with the possibility of a future individual sale.

The sale is conducted directly and commission-free for the buyer.

The apartment building is located in 63674 Altenstadt in the Wetteraukreis. The municipality lies northeast of Frankfurt and offers a comparatively quiet residential environment combined with accessibility to the Rhine-Main region.

Altenstadt has a well-developed infrastructure for daily needs. Shopping facilities, kindergartens, schools, and medical services are all available in the vicinity.

The location is also attractive for commuters. Public transport connections are available to Frankfurt, Friedberg, and Giessen, among others. By car, the surrounding cities as well as the Rhine-Main region are accessible via regional traffic routes and the A45.

Due to the combination of living quality, infrastructure, and connectivity, Altenstadt offers interesting conditions for both the rental market and the sale of condominiums.

Local infrastructure:

Pharmacies, grocery stores, doctors, kindergartens, various types of schools, and public transportation are available or easily accessible.

The apartment building was constructed in 1993 and has been well maintained over the years.

Key features of the property:

• 6 residential units

• Approximately 425 m² of total living space

• Apartment sizes ranging from approximately 43 to 82 m²

• Approximately 697 m² plot

• Currently 4 apartments are vacant

• 2 apartments are rented

• Certificate of separability already available

• Partition declaration in preparation

• Oil central heating from 2023

• Balconies

• Full and shower bathrooms

• Partially fitted kitchens

• Car parking spaces

• Underground garage parking spaces

• Overall well-maintained condition

• Commission-free sale

The existing combination of vacant apartments, diverse apartment sizes, and the prepared subdivision makes the property particularly attractive for buyers who are considering not only a conventional hold strategy but also a later individual sale.

The property is offered commission-free directly by the owner.

The certificate of separability for the six residential units is already available; the preparation of the partition declaration has also been initiated. Important steps for a potential later subdivision and individual sale have thus already been set in motion.

The energy certificate is available as a consumption certificate. The final energy consumption is 130.19 kWh/(m²·a), corresponding to energy efficiency class D.

We are happy to provide further property documents to serious buyers.

Viewings are possible by appointment.