| Type | Block of flats |
|---|---|
| Living area approx. | 426 m² |
| Year built | 1993 |
| Available from | Nach Vereinbarung |
|---|---|
| Rooms | 19 |
| Heating | Central heating |
| Fuel type | Oil |
| Plot area | 697 m² |
|---|---|
| Parking spaces | 8 |
| Condition | Well kept |
| Floors in the building | 3 |
| Purchase price | 997.000 € |
|---|---|
| Price per m² | 2,340.38 €/m² |
| Commission | no commission for buyers |
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More financing calculators and assumptionsFor sale without commission is a well-maintained apartment building with six residential units in Altenstadt. Built in 1993, the building has a total of approx. 425 m² of living space and is situated on a plot of approx. 697 m².
A special feature of this property is the current rental situation:
Four of the six apartments are already vacant and can be re-let immediately, occupied by the buyer, or marketed as part of a later individual sale. Only two units – on the 1st upper floor on the left and in the attic on the left – are currently still rented. These tenants have also generally indicated their willingness to move out.
This gives the property various possible uses and makes it particularly suitable for capital investors, portfolio holders and investors pursuing a subdivision strategy.
The individual apartments range in size from approx. 43 m² to 82 m². This size structure enables broad appeal both for letting and for later individual marketing.
The requirements for subdivision have already largely been prepared: the certificate of separate ownership is available, while the declaration of division is currently being prepared.
The building is also in well-maintained technical condition. Of particular note is the oil-fired central heating system, which was only renewed in 2023.
For reletting purposes, a net cold rent of €11.50/m² has been assumed for calculation purposes.
Taking into additional account the parking spaces in the outdoor area and in the underground garage, this results in a calculated rental potential of around €5,117.50 per month or €61,410 per year.
The property therefore offers an interesting starting position:
short-term reletting potential through the units that are already vacant, combined with the possibility of a future individual sale.
The sale is direct and commission-free for the buyer.
The apartment building was constructed in 1993 and has been cared for and maintained over the years.
Key features of the property:
6 residential units
Approx. 425 m² total living space
Apartment sizes from approx. 43 to 82 m²
Approx. 697 m² plot
Currently 4 vacant apartments
2 rented apartments
Certificate of separate ownership already available
Declaration of division in preparation
Oil-fired central heating from 2023
Balconies
Full and shower bathrooms
Some fitted kitchens
Car parking spaces
Underground parking spaces
Well-maintained overall condition
Sale free of commission
The existing combination of vacant apartments, different apartment sizes and the prepared subdivision makes the property particularly interesting for buyers who, in addition to traditional long-term holding, are also considering a later individual sale.
The property is offered commission-free directly by the owner.
The certificate of separate ownership for the six residential units is already available; preparation of the declaration of division has also been initiated. Important steps for a possible later subdivision and individual sale have therefore already been prepared.
The energy certificate is available as a consumption certificate. Final energy consumption is 130.19 kWh/(m²·a), energy efficiency class D.
We will be happy to provide further property documents to serious prospective buyers.
Viewings are possible by prior appointment.
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The apartment building is located in 63674 Altenstadt in the Wetterau district. The municipality lies northeast of Frankfurt and combines a comparatively quiet residential location with accessibility to the Rhine-Main region.
Altenstadt has a well-established infrastructure for daily needs. Shopping facilities, kindergartens, schools and medical care are located in the immediate vicinity.
The location is also attractive for commuters. Public transport provides connections to, among other places, Frankfurt, Friedberg and Gießen. By car, the surrounding towns and the Rhine-Main region can be reached via the regional transport routes and the A45.
Through its combination of quality of life, infrastructure and accessibility, Altenstadt offers interesting conditions both for letting and for the sale of condominiums.
Infrastructure in the surrounding area:
Pharmacies, supermarkets, doctors, kindergartens, various types of schools and public transport are available or easily accessible
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