House for sale • 1055 m² without real estateFrankfurt Niederrad Hessen 60528

No fees – No brokerage commission

• 19 rental units, divided into 13 residential units and 6 commercial units

• 428 m² of land

• 1,054.99 m² of residential and commercial space

• Plus basement and storage areas in the underground level

• 22 parking spaces, including 18 underground parking spaces and 4 courtyard parking spaces

• Elevator

A residential and commercial building constructed in solid construction with reinforced concrete floors.

There is no maintenance backlog. The rental units were renovated and modernized gradually as each tenant moved out. Old night-storage heaters were replaced with highly energy-efficient and aesthetically pleasing infrared radiators. The elevator was completely modernized in 2019 (including a new control system, hydraulics, electronics, etc.).

Benefit from maximum flexibility:

• No brokerage commission – saving you €624,805.00, which gives you more leeway with your financing.

• The division into condominium units has already been completed with a declaration of division from 2021. This means you can flexibly sell individual units profitably in the future.

• With the division into condominium units, you can secure a larger loan or several smaller loans for the individual units from your bank.

IMPORTANT: Only the entire building is offered, which is sold via a private purchase contract. Please, no inquiries regarding partial sales or individual units.

The tenants have been selected extremely carefully – all are creditworthy, and there are no payment arrears or disputes. There are no defects or reported issues.

Decades-old tenancy agreements have been terminated, and the apartments have been modernized and re-let.

The rental units have been renovated gradually over the past 15 years.

• New flooring has been installed.

• Kitchens with branded appliances have been newly acquired.

• Walls have been plastered or renovated using fiber cement or textured wallpaper.

• Balconies have been re-tiled as needed.

• Radiators have been modernized.

• The elevator has been modernized.

• Bathrooms have consistently been maintained and modernized when needed.

• Instantaneous water heaters and boilers (Vaillant, Bosch, Stiebel Eltron) have been renewed.

• Digital electricity meters have been installed.

• Electrical systems have been maintained and updated as needed.

High-quality materials have been used for maintenance, for example: fittings from Grohe, Hansgrohe, or Villeroy & Boch; and kitchen appliances from Gaggenau, Bosch, AEG, etc.

This is a private sale.