Modern, subdivided apartment building with 4 vacant apartments! No commission! – Photo 1

Modern, subdivided apartment building with 4 vacant apartments! No commission!

Published on 12/08/2026 · Last checked on 16/08/2026

Commission-free
The advertiser will give you the exact address on request.
63674 Altenstadt
Hessen
Purchase price
999.000 €
Living area
425 m²
Rooms
20
TraumImmo ID: H9FZBAH
Partner ID: 374362182
Partner listing by: RegionalImmobilien24
Advertiser:
Anonymous

Key facts

TypeBlock of flats
Living area approx.425 m²
Rooms20
Fitted kitchenBalcony

Plot area697 m²

Purchase price & costs

Purchase price999.000 €
Price per m²2,350.59 €/m²
Commissionno commission for buyers

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About this house

For sale is a well-maintained apartment building constructed in 1993, comprising a total of 6 residential units and approx. 425 m² of living space on a plot of approx. 697 m².

The property is particularly interesting both for investors and long-term holders as well as for buyers considering the subsequent individual sale of the apartments.

Currently, 4 of the total 6 apartments are vacant. Only the apartments on the 1st floor left and top floor left remain rented. However, the tenants have also indicated their willingness to move out. This gives the buyer the rare opportunity to re-let a large part of the building immediately after acquisition, use it themselves or – following subdivision – sell the units individually.

A key advantage: The certificate of separate ownership is already available. The declaration of division is currently being prepared. Thus, essential prerequisites for a later division into condominium ownership have already been created or set in motion.

The apartment sizes range between 43 and 82 sqm, ideal for re-letting or sale.

For the rental calculation, a market-based target rent of €11.50/m² was assumed for all apartments. In addition, €30 per month per parking space and €50 per month for the garage were taken into account. This results in the following calculated rental potential:

Target rent apartments: €4,887.50 per month
6 parking spaces: €180.00 per month
Garage: €50.00 per month

Total target rent: €5,117.50 per month
Total target annual net cold rent: €61,410

The building is in well-maintained overall condition. Regular maintenance and modernization measures have been carried out in recent years.

Particularly noteworthy is the oil-fired central heating system, renewed only in 2023.

The property also includes 6 outdoor parking spaces and a garage.

The property therefore offers an attractive combination of ongoing income and an additional exit option through the prepared individual sale of the apartments.


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