House for sale • 390 m² without real estate, Hesse

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

HOUSE 1 consists of a main apartment on the upper floor (98m²) and two additional units on the ground floor (85m²) and attic (88m²). The additional unit on the ground floor comprises a living/dining room, a bedroom, and a bathroom with a bathtub. This unit also comes with 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, as well as a shower room. In addition, one can access the huge sun balcony through two rooms. The attic apartment (built in 1990) offers a large studio (combining living, dining, and cooking areas), 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 storage 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 by a modern gas central heating system from 2022. All residential units are equipped with a fiber optic connection and have their own 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 equipped kitchen with appliances. On the upper floor are three bedrooms as well as another shower room. Adjacent to the kitchen area is the large covered terrace area as well as the garden. This house also features a fiber optic connection and has been completely modernized (kitchen, bathrooms, floors, ceilings, walls). This house comes with its own parking space. It is heated by a modern gas combi boiler (2018), was built in 1900 (and later modernized in the 2000s), and features electric roller shutters in all rooms.

Here you are acquiring a WORRY-FREE PACKAGE, allowing you to either move in directly or rent the property out immediately. The property will be handed over to the new owner(s) vacant after the complete modernization (from January to June 2025).

The estate, comprising TWO houses, one garage, and 3 parking spaces, is located in a district of Ranstadt. Both houses have been completely modernized with great attention to detail and high-quality materials and are immediately available for occupancy or rental.

Yield calculation: Purchase price 695k€ plus additional acquisition costs = 750k€. Annual net rental income (8.5€ x 390 + ancillary areas) = 46,000€.

FACTOR 16.3 or 6.2%