House for sale • 256 m² without real estateMainz Mainz Rheinland-Pfalz 55120

No broker inquiries wanted!

For sale is a charming and very well-maintained multi-family house with four residential units, located in a quiet dead-end street in Mainz-Mombach. The property represents an attractive and long-term stable investment and is in excellent condition with outstanding structural integrity.

The building has been comprehensively gutted and renovated since 2000, combining the classic character of an old building with contemporary technical equipment. All residential units feature high ceilings, identical layouts, and modern amenities.

The property comprises four equally sized 2-room apartments, each with approximately 64 square meters of living space. All units are rented long-term and continuously to creditworthy tenants, ensuring immediate and predictable rental income.

Current annual net cold rent (actual): €42,360

Potential annual net cold rent (target): approx. €49,440

A highlight of each apartment is the spacious daylight bathroom equipped with a shower, bathtub, and space for a washing machine and dryer. The top-floor apartment offers a small south-facing balcony, while the remaining apartments feature attractive bay windows in the living area. Each unit also comes with its own separate storage/basement room.

Additional development potential is provided by the approximately 300-square-meter courtyard, where the construction of several parking spaces or even an additional building would be possible.

Executed core refurbishments (excerpt):

• Double-glazed windows (2000)

• Renewal of the fresh water and wastewater pipes (2001)

• Gas central heating including all pipelines (2001)

• Complete electrical system and doorbell (2001)

• Staircase and front door (2002)

• Paving and fencing of the courtyard (2011)

• Extensive façade renovation (2014)

The overall excellent condition and the major installations being up-to-date mean that no modernization measures will be required in the coming years.

No distress sale! Only inquiries from serious and creditworthy interested parties will be answered!

Mainz-Mombach is a lively and family-friendly district with very good transport connections. It is situated close to the Rhine, and both the train station and bus stops can be reached on foot within 2–5 minutes. For commuters, the highways A643, A66, and A60 are conveniently nearby.

The district offers good infrastructure with schools, shops, and leisure facilities in close proximity. These include, among others, the Großer Sand nature reserve and the Lennebergwald forest.

All apartments are fitted with bright flooring, high-quality apartment and room doors, as well as shutters on all windows.

Due to the building’s age, the depreciation allowance may possibly be significantly increased through a remaining usability report.