House for sale • 426 m² without real estate, Hesse

5 FREE APARTMENTS – ATTRACTIVE RETURN POTENTIAL – PREPARED PARTITIONING!

Are you looking for a multifamily house where you can shape the future development yourself? Then this property in Altenstadt offers you an interesting opportunity.

The young and well-maintained 6-family house, built in 1993, features approximately 426 m² of living space on a 697 m² plot.

The special feature: Five of the six apartments are already vacant and can be re-let at short notice.

This presents an exceptionally flexible starting position for investors, portfolio holders, and capital investors – both for building up ongoing rental income and for a possible later individual sale.

THE MAIN ADVANTAGES AT A GLANCE:

• 6 residential units with a total of approximately 426 m² of living space

• 5 apartments already vacant

• Only a small attic apartment is rented

• Calculated and realistic new rental of the vacant apartments at €13.00/m²

• Calculated annual rental potential of approximately €64,044

• Potential gross rental yield of approximately 6.42%

• Additional income opportunities from 8 parking spaces (not yet included in the yield calculation)

• Certificate of division ready

• Partition declaration in preparation

• Oil central heating renewed in 2023

• Commission-free purchase directly from the owner

HIGH VACANCY – GREAT FLEXIBILITY

While many multifamily houses are offered exclusively with existing rental agreements, a different perspective opens up here.

Five apartments, with a combined living area of approximately 384 m², are vacant. You decide on the future rental, the selection of tenants, and the further development of the property.

The sixth apartment in the attic, with approximately 42 m², is currently rented for a net cold rent of €345 per month.

RETURN POTENTIAL OF AROUND 6.4%

With a calculated re-letting of the five vacant apartments at €13.00/m² and taking the existing attic rent into account, the following potential arises:

• Monthly net cold rent: approximately €5,337

• Annual net cold rent: approximately €64,044

• Calculated gross rental yield: approximately 6.42%

Possible additional rental income from the eight parking spaces is not included in this calculation.

This calculation represents a forecast based on a complete re-letting of the vacant units.

ALSO INTERESTING FOR PARTITIONERS

In addition to long-term letting, the building opens up another perspective: the conditions for a later individual sale have already been prepared.

The certificate of division for all six residential units is available. The partition declaration is currently being prepared.

Due to the varying apartment sizes, from approximately 43 m² to 82 m², different buyer groups can be addressed in a later individual market sale.

SOLID PROPERTY WITH DEVELOPMENT POTENTIAL

The young building has been continuously well-maintained. The oil central heating was renewed only in 2023.

Whether for long-term asset building, re-letting, or later individual disposal: this multifamily house offers various possibilities to develop the property according to your personal investment strategy.

And the best part: you are buying directly from the owner – no broker commission!

ALTENSTADT IN THE WETTERAUKREIS – LIVING QUALITY WITH ACCESS TO THE RHEIN-MAIN REGION

The property is located in 63674 Altenstadt in the Wetteraukreis, northeast of Frankfurt am Main.

Altenstadt combines a pleasant, established residential structure with good infrastructure and proximity to the economic centers of the Wetterau and the Rhein-Main region.

GOOD INFRASTRUCTURE FOR EVERYDAY LIFE

Shopping opportunities, supermarkets, doctors, pharmacies, kindergartens, and various schools are located in the municipality or in the surrounding area.

There are also leisure and recreational facilities available. The natural surroundings offer a pleasant balance to the workday.

TRANSPORT CONNECTIONS AND ACCESSIBILITY

Public transportation links exist in the direction of Frankfurt, Friedberg, and Gießen.

By car, the surrounding cities and the Rhein-Main region are accessible via regional transport routes as well as the A45.

INTERESTING FOR TENANTS AND BUYERS

The combination of a quiet residential environment, good local supply, and regional connectivity makes Altenstadt an attractive residential location for singles, couples, and families.

For investors, this creates versatile opportunities in renting out the differently sized apartments. The location also provides interesting conditions for a later individual sale.

WELL-MAINTAINED 6-FAMILY HOUSE WITH VERSATILE APARTMENT SIZES

Built in 1993, the multifamily house is in a well-maintained overall condition and offers a solid basis for long-term renting or a later individual sale.

The six apartments are spread over three floors and feature various floor plans and apartment sizes.

BUILDING AND LAND

• Year built: 1993

• 6 residential units

• Total living area of approximately 426 m²

• Apartment sizes ranging from approximately 43 m² to 82 m²

• In total 19 rooms

• Plot size of approximately 697 m²

• Three floors

• Well-maintained staircase

• Basement areas

• Garden areas

APARTMENT EQUIPMENT

• Bright, well-designed living areas

• Balconies

• Full bathrooms and shower bathrooms

• Partially daylight bathrooms

• Partially guest WCs

• Partially fitted kitchens

• Various, marketable apartment sizes

TECHNICAL EQUIPMENT AND PARKING

• Oil central heating from 2023

• Central heating

• Car parking spaces outdoors

• Underground parking spaces

• In total 8 parking spaces

ADDITIONAL FEATURES

• Five apartments are currently vacant

• Certificate of division available

• Partition declaration in preparation

• Flexible possibilities for re-letting

• Perspective for a later individual sale

The combination of a well-maintained building condition, high vacancy, and prepared partitioning makes the property particularly interesting for investors.

COMMISSION-FREE SALE DIRECTLY FROM THE OWNER

The property is offered directly by the owner. No broker commission applies for the buyer.

Some photos have been virtually furnished.

CURRENT RENTAL SITUATION

Of the six residential units, five are currently vacant. Only an approximately 42 m² large attic apartment is still rented.

The existing net cold rent is €345 per month.

For the five vacant apartments, a potential new rental at €13.00/m² has been calculated. This results, including the existing rent, in a calculated annual rental potential of €64,044, corresponding to a gross rental yield of around 6.42%.

The parking spaces may provide additional income opportunities.

PARTITIONING

The certificate of division for the six residential units is available. The partition declaration is currently being prepared.

ENERGY PERFORMANCE CERTIFICATE

• Type of energy certificate: Consumption certificate

• Final energy consumption: 130.19 kWh/(m²·a)

• Energy efficiency class: D

• Main energy source: Oil

• Year built: 1993

• Heating renewed: 2023 !!

VIEWING AND DOCUMENTS

Further property documents are available upon request for serious buyers.

Appointments for viewings can be arranged in advance.

Take the opportunity to acquire a multifamily house with five vacant apartments, prepared partition potential, and attractive return perspective commission-free.

We look forward to your inquiry!

Some of the photos have been virtually furnished.