Rented multi-family house with three residential units, stable income base and development potential

The property on offer is a well-maintained multi-family house built in 1985 with a total of three residential units as well as additionally rented ancillary areas. The total living area of approx. 324 m² is divided among three well-laid-out units with functional floor plans. The ground floor comprises three rooms, a kitchen, a bathroom, a separate WC, and a terrace with an adjoining garden of approx. 80 m². The upper floor has an almost identical layout and is complemented by a balcony. The attic floor contains another residential unit with three and a half rooms, a spacious eat-in kitchen, a bathroom, and two balconies. The property has been continuously maintained and most recently comprehensively modernized within the residential units in 2022. As part of this, among other things, the bathrooms were renovated, the ground floor and first upper floor were equipped with electric underfloor heating, and the floor coverings were modernized. Overall, the property is presented in a well-maintained, contemporary condition that supports sustainable lettability. The building is fully basemented. The basement includes additional usable areas, including a room converted for residential use with an adjoining WC, which is rented as storage space, as well as typical ancillary rooms such as boiler/heating, laundry, and storage areas. The offer is rounded off by a double garage and two outdoor parking spaces, which are also rented and contribute to stable income. The current annual net cold rent totals €48,060. The clear division into multiple units as well as the additional income from the ancillary areas ensure a broad and stable earnings structure. Combined with the sought-after location in the Rhine-Main region, the property offers a solid basis for sustainable rental income as well as potential for future increases in returns within the scope of customary market adjustments.