| Type | Ground-floor flat |
|---|---|
| Living area approx. | 75 m² |
| Bedrooms | 3 |
| Rooms | 3 |
|---|---|
| Bathrooms | 1 |
| Rent excluding bills | 1250 € |
|---|---|
| Service charge | 364 € |
| Purchase price | 495.000 € |
| Price per m² | 6,638.95 €/m² |
| Commission | no commission for buyers |
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More financing calculators and assumptions3-room unit in Frankfurt’s Westend
60323 Frankfurt am Main
Centrally located · approx. 75 m² · ground floor · currently rented
For sale is an approx. 75 m² 3-room unit on the ground floor, left, of an apartment building with six units and three floors.
The unit was extensively renovated in 2010 and features parquet flooring, a bathroom with bathtub, and a functional layout. An elevator, a private basement room, and a communal bicycle storage room are available.
The property is suitable both for investors and, prospectively, for owner-occupiers.
Key details
Purchase price: €495,000
Area: approx. 75 m²
3 rooms
Ground floor, left
Parquet flooring
Bathroom with bathtub, no window
Central heating, gas
Elevator
Basement room
Bicycle storage room
no balcony
Service charges: approx. €500 / month
currently rented at EUR 1,614 per month
1 parking space included
Rental & investment data
The unit is currently rented.
Net rent: approx. €1,250 / month
Gross rent: approx. €1,614 / month
Annual net rent: approx. €15,000
At a purchase price of €495,000, this corresponds to a gross rental yield of approx. 3.03% p.a. and a purchase price factor of approx. 30.
The yield indication does not take into account ancillary purchase costs, financing costs, non-apportionable costs, or maintenance expenses.
Important note on use
In the current declaration of division, the unit is designated as a commercial unit.
It is currently actually being used for residential purposes. According to the owner, a corresponding change of use was carried out. The declaration of division has not yet been amended.
The amendment of the declaration of division must be arranged by the purchaser. The public-law permissibility of the current residential use and the requirements for amending the declaration of division should be professionally reviewed before purchase.
Your advantage
Central location · 3 rooms · approx. 75 m² · renovated in 2010 · elevator · basement · existing tenancy
An interesting opportunity for investors seeking an already rented unit in a central Frankfurt location, as well as for buyers intending to occupy the property themselves in the long term – subject to the legal requirements.
We would be pleased to provide you with the complete documents and a detailed profitability calculation in a personal consultation.
All information provided to the best of our knowledge. Subject to changes, errors, and prior sale. Tax and legal aspects must be reviewed individually.
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