House for sale • 390 m² without real estate, Hesse

You are acquiring TWO houses on a 680m² plot of land located in a district of Ranstadt. Both houses have been completely renovated and are vacant/unrented.

HOUSE 1 consists of a main apartment on the upper floor (98m²) and two secondary dwelling units (ELW) on the ground floor (85m²) and in the attic (88m²). The ground floor secondary dwelling unit is divided into a living/dining room, a bedroom, and a bathroom with a tub. This unit also includes an assigned garden area of 100m². The main apartment on the upper floor features 2 bedrooms, 1 living room, a very large kitchen, a spacious balcony, and a shower room. In addition, you can access the huge sun balcony from two rooms. The attic apartment (built in 1990) comprises a large studio (for living/dining/cooking), a bedroom with a separate dressing room, and a shower room. The studio is equipped with a fireplace.

Each apartment has its own dry basement area. All apartments have already been equipped with new kitchens (including appliances), and the bathrooms, floors, walls, and ceilings have been completely renovated. This house is heated with a modern gas central heating system from 2022. All residential units feature a fiber optic connection and have their own designated parking space or garage.

The second property (130m² of living space) on the same plot is designed as a large single-family house and features a large basement, and on the ground floor two rooms, a renovated shower room, and a new, fully furnished kitchen with appliances. On the upper floor there are three bedrooms as well as another shower room. Adjacent to the kitchen area is a large covered terrace as well as the garden. This house also has a fiber optic connection and is fully renovated (kitchen, bathrooms, floors, ceilings, walls) and has its own designated parking space. The house is heated with a modern gas boiler (2018), was built in 1900 (later modernized in the 2000s), and features electric shutters in every room.

You are acquiring a WORRY-FREE PACKAGE and can either move in directly or start renting it out immediately. The property will be handed over as vacant to the new owner(s) after a complete renovation (January to June 2025).

The estate, with TWO houses, one garage, and three parking spaces, is located in a district of Ranstadt. Both houses were completely renovated with great attention to detail and high-quality materials, and are immediately available for occupation or rental.

Return Calculation: Purchase Price €695k plus additional acquisition costs = €750k. Annual net rental income (8.5€/m² * 390 + ancillary areas) = €46,000.

FACTOR 16.3 or 6.2%