| Type | Flat |
|---|---|
| Living area approx. | 83 m² |
| Bedrooms | 2 |
| Rooms | 3 |
|---|---|
| Bathrooms | 1 |
| Purchase price | 234.000 € |
|---|---|
| Price per m² | 2,819.28 €/m² |
| Commission | no commission for buyers |
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More financing calculators and assumptionsOffered is a rented, bright 3-room apartment on the first floor of a well-maintained apartment building in Idstein.
*Apartment description*
The 83 m² apartment on the first floor impresses with its bright, welcoming layout, featuring a living room, two bedrooms and a separate kitchen. The daylight bathroom was modernized with a shower in 2015, and the electrical subdistribution was also renewed. The gas central heating dates from 2013 and was completely renewed at that time, including the riser pipes. The apartment is rounded off by a loggia and an associated cellar compartment. The apartment has been rented to a reliable tenant for many years, so buyers can look forward to a well-established, stable tenancy without the risk of vacancy.
The current net cold rent is €779 and offers significant potential for rent increases, as it is currently well below the market rent.
*Entire property*
The apartment building was constructed in 1964 and is part of a condominium owners’ association with a total of 16 residential units. The stairwell is currently still being renovated at the seller’s expense. Façade insulation and the replacement of the balcony parapets are also planned for 2027. The special assessment attributable to the apartment will be paid by the seller; nevertheless, the future owner can deduct the costs of approximately €19,000 for tax purposes. Ongoing management is handled by a professional property management company, including separate property management if desired.
*Why the apartment is interesting for investors*
- Rented immediately: ongoing rental income (€779 net cold rent) from the first day, no letting effort (predictable cash flow)
- Gross rental yield of around 4.5% of the purchase price
- Non-allocable service charges of approx. €85 per month
- Ongoing stairwell renovation as well as planned façade insulation and replacement of the balcony parapets in 2027 – modernization expenses can be deducted by buyers for tax purposes
- Professional condominium management handles ongoing operations – minimal effort for the owner
- Central location in Idstein with good infrastructure, local amenities and high demand for rentals
- Further potential for rent increases up to the market rent
- Pre-checked 110% financing available through our banking partners
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