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 / month

2. Location:

• Town: Morbach

• Location Advantages:

• Excellent connections 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 15 minutes by car

• Infrastructure: Outstanding everyday accessibility is highlighted by the walkability as the first and most important location criterion. The examples (supermarket, pharmacy, etc.) make the offer tangible and demonstrate that not only job opportunities but also the quality of life on site are ensured.

3. Building & Features (Details of the 2020/21 Modernization):

• Complete Gutting & Redesign: The building was entirely gutted and rebuilt to the latest standard.

• Roof & Façade: Newly re-covered and newly cladded/insulated.

• Flooring:

• High-quality adhesive vinyl in all apartments and partially in hallway areas (extremely robust, durable, easy to maintain).

• High-quality tiles in wet areas.

• Bathrooms (all apartments):

• Each bathroom is equipped with both a bathtub and a shower.

• All bathrooms have skylight windows.

• 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 Level (2 apartments): Fully developed into the roof space for maximized living area. Each unit is equipped with a high-quality air conditioning system.

• Consumption Measurement:

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

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

4. Tenant Situation & Profitability:

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

• Current Net Rent: Total of €4,000 per month.

• Potential for Rent Increases: The rents have not been raised since the modernization (2021). There is clear potential for adjustments to current market rent levels.

5. Special Highlight: Additional Building Plot

• Next to the multi-family house, there is a separate building plot.

• Possible Uses: Construction of an additional residential building, erection of garages, creation of parking spaces, or individual development according to needs (provided development rights exist). 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 renovations, rentable immediately.

• High-Quality Features: Durable materials (vinyl, tiles), modern bathrooms, air conditioning systems in the attic.

• Attractive Location: In the midst of an economic center with high demand for residential space.

• Stable Rental Income: Established, reliable tenant structure.

• Clearly Recognizable Potential for Rent Increases.

• Efficient Consumption Measurement: Separate meters for water/electricity.

• Solid Construction: Value-retaining and robust construction.

• Exclusive Extra: Value-enhancing building plot with diverse usage possibilities.

• Well-Maintained Property: Consistently high quality in the modernization.

7. Property Viewing:

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