House for sale • 600 m² without real estate, Rhineland-Palatinate

1. Property Overview:

• Type: Multi-family house with 6 separate apartments

• Year built: 1900 (original), complete modernization: 2020-2021

• Condition: Completely renewed (load-bearing structure, roof, façade, all interior spaces, building services)

• Construction: Solid construction with stone walls

• Features: High quality

• Special feature: Additional building plot

• Rental income (net): Currently €4,000 per month

2. Location:

• Town: Morbach

• Location advantages:

  • Excellent connection to major employers (including Papier Mettler directly across the street)

  • Other well-known companies in the immediate vicinity

  • Good transport links

  • Hahn Airport reachable in about a 15-minute drive

• Infrastructure: Excellent everyday connectivity, with walkability being emphasized as the most important location criterion. The examples (supermarket, pharmacy, etc.) make the offer tangible and show that not only are jobs available, but also a good quality of life locally.

3. Building & Amenities (Details of the 2020/21 modernization):

• Complete gutting & redesign: The building was completely gutted and rebuilt to the state-of-the-art standard.

• Roof & façade: Newly roofed and newly cladded/insulated.

• Flooring:

  • High-quality glued vinyl in all apartments and partly in corridor areas (extremely robust, durable, low maintenance).

  • High-quality tiles in wet areas.

• Bathrooms (all apartments):

  • Each bathroom features both a bathtub and a shower.

  • All bathrooms have windows that let in daylight.

• Heating & Hot Water:

  • Heating: Modern central gas heating system (new in 2021) with an underground gas tank.

  • Hot water: Decentralized via electronic instantaneous water heaters in the apartments (consumption-dependent, efficient).

• Apartment features:

  • Attic (2 apartments): Fully developed up to the roof to maximize living space. Each unit is equipped with a high-quality air conditioning system.

• Consumption metering:

  • Separate water and electricity meters for each apartment (transparent billing).

• Basement: Each apartment has its own storage room in the basement.

4. Tenancy & Profitability:

• Tenants: Long-term, solvent, and reliable tenants (punctual in payments).

• Current net rent: Total €4,000 per month.

• Potential for rent increases: Rents have not been raised since the modernization (2021). There is clear potential for adjustments to meet current market levels.

5. Special Highlight: Additional Building Plot

• Adjacent to the multi-family house is a separate building plot.

• Possible uses: Construction of an additional residential building, building garages, creation of parking spaces, or individual development as needed (subject to planning permission). This significantly increases the flexibility and overall value of the property.

6. Summary of Investment Arguments:

• Top modernized: Completely updated to the latest standards (2020/21) – no backlog of maintenance, immediately profitable.

• High-quality finish: Durable materials (vinyl, tiles), modern bathrooms, air conditioning in the attic.

• Attractive location: Situated in a business hub with high demand for housing.

• Stable rental income: Established, reliable tenant structure.

• Clearly identifiable potential for rent increases.

• Efficient consumption metering: Separate meters for water/electricity.

• Solid construction: Durable and robust building method.

• Exclusive bonus: Value-enhancing building plot with diversified usage options.

• Well-maintained property: Consistently high quality of the modernization.

7. Property Viewing:

We recommend a personal viewing to fully appreciate the quality of the modernization, the location advantages, and the potential of the building plot. Appointments available upon request.