| Type | Block of flats |
|---|---|
| Living area approx. | 256 m² |
| Year built | 1904 |
| Bedrooms | 4 |
| Available from | Nach Vereinbarung |
|---|---|
| Rooms | 8 |
| Bathrooms | 4 |
| Heating | Central heating |
| Fuel type | Gas |
| Plot area | 380 m² |
|---|---|
| Condition | Well kept |
| Floors in the building | 4 |
| Usable floor area | 50 m² |
| Purchase price | 999.999 € |
|---|---|
| Price per m² | 3,906.25 €/m² |
| Commission | no commission for buyers |
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For sale is a lovely and very well-maintained apartment building with four residential units in a quiet cul-de-sac location in Mainz-Mombach. The property represents an attractive and long-term stable investment and is in very good condition with excellent structural substance.
The building was comprehensively gutted and renovated starting in 2000 and combines classic old-building character with modern technical features.
All residential units have high ceilings, identical floor plans, and modern fittings.
The property comprises four equally sized 2-room apartments with approx. 64 sqm of living space each. All units are rented long-term and continuously to solvent tenants, ensuring immediate and predictable rental income.
Current annual net cold rent (actual): €42,360
Potential annual net cold rent (target): approx. €49,440
The highlight of each apartment is the spacious daylight bathroom with shower, bathtub, and space for a washing machine and dryer.
The attic apartment offers a small south-facing balcony, while the other apartments feature attractive bay windows in the living area.
Each unit also includes a separate basement room.
Additional development potential for investors is offered by the approx. 300 sqm courtyard area.
Completed core renovations (excerpt):
• double-glazed insulated windows (2000)
• renewal of fresh water and wastewater pipes (2001)
• gas central heating incl. all pipes (2001)
• complete electrical system and doorbell (2001)
• staircase and front door (2002)
• courtyard paved and enclosed (2011)
• extensive facade renovation (2014)
The overall very well-maintained condition, as well as the major components being at current technical standards, will require no modernization measures in the coming years.
No distress sale! Only inquiries from serious interested parties with strong creditworthiness will be answered!
All apartments are equipped with bright floor coverings, high-quality apartment and interior doors, as well as shutters on all windows.
Depending on the year of construction, depreciation may possibly be significantly increased by a remaining useful life report.
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Mainz-Mombach is a lively and family-friendly district with very good transport connections. It is close to the Rhine, and both the train station and bus stops are within a 2-5 minute walk. For commuters, the A643, A66 and A60 motorways are not far away.
The district offers good infrastructure with schools, shops and leisure facilities in the immediate vicinity. These include, among others, the Großer Sand nature reserve and the Lenneberg Forest.
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