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

*No broker's fee*

This top-class residential and commercial building in Frankfurt am Main presents a rare investment opportunity. Thanks to its central location, the property benefits from consistently high rental demand. Spread over seven floors, it comprises 19 rental units, including 13 apartments and 6 commercial spaces, as well as 18 storage and utility areas. In addition, there are a total of 22 parking spaces available for cars—18 in the underground garage and 4 in the courtyard.

The property is continuously maintained. Modernizations have been carried out in succession after each tenant’s departure. Old storage heaters have been replaced with energy-efficient and aesthetically pleasing infrared heaters, which has significantly improved the energy rating and will enhance your financing prospects. The elevator was modernized in 2019, with updates made to its control system, hydraulics, and electronics.

All tenants have been very carefully selected, all are creditworthy, and there are no payment arrears.

Benefit from maximum flexibility:

- No broker’s commission, which gives you more financial leeway in your financing.

- A division into condominium ownership took place as early as 2021, allowing you to profitably dispose of individual units in the future.

- Niederrad train station is just a 3-minute walk away.

- Immediate proximity to the Niederrad office park (high rental demand from employees of renowned companies located there).

- Close proximity to the A5 highway.

- Kennedyallee is nearby.

- Close proximity to the A3 highway.

- Doctors in the building and in the immediate area.

- Denn’s Biomarkt, a bakery, Lidl, Netto, Aldi, DM, etc., are all in the immediate vicinity.

Over the past 15 years, the rental units have been renovated gradually. In various units, new floors have been installed and new kitchens equipped with branded appliances have been fitted. Where needed, balconies have been newly tiled, walls plastered or renovated with either fiberglass or textured wallpaper. Radiators have been modernized, as has the elevator. Bathrooms have been consistently maintained and updated as necessary. Instant water heaters and boilers (from Vaillant, Bosch, Stiebel Elton) have been replaced. Digital electricity meters have been installed, and the electrical system has been maintained and replaced as needed. Throughout the maintenance work, high quality has been a priority, with fixtures predominantly from Grohe, Hansgrohe, or Villeroy & Boch installed. Similarly, high-quality kitchen appliances from brands such as Gaggenau, Bosch, and AEG have been installed.