House for sale • 316 m² without real estateKaiserslautern Kaiserslautern Rheinland-Pfalz 67659

Multi-family house with 5 apartments, garden, and a large garage

Solid construction, fully basemented.

The ground floor is completely barrier-free – the driveway, entrance area up to the terrace have no steps.

Half of the basement is a semi-basement and used as a residential unit.

The ground floor constitutes one apartment.

The upper floor has one large and one small apartment.

There is also an apartment in the attic.

The property is held on a hereditary leasehold plot owned by the Reichswaldgenossenschaft, with a term ending on December 31, 2070 – approximately 45 years remaining. An early contract extension for 99 years is possible.

The current annual lease fee is €3,330 – after sale (or about €275 per month).

You will find the property on Fischerrück, in the western part of the town. It is in a quiet location by the forest, with leisure and recreational areas right at the doorstep.

It is about a 5–10 minute drive to the city center, or 15–20 minutes on foot. A bus line runs frequently, with the stop about 3 minutes away.

All apartments are fully furnished and mostly renovated. They are all rented out to Americans, partly through the American Housing Office.

All windows are relatively new and triple-glazed.

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Rental income (including utilities): €37,980 per annum (excluding the ground floor).

The apartments are rented on a fixed basis, including all additional costs, heating, electricity, etc.

All apartments are, at least in part, let to Americans, partly through the American Housing Office.