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Preungesheim, Frankfurt
Investor Highlight: Fully Renovated Townhouse with 4.6% Yield
Price
€1,250,000
This property, originally designed as a two-family house, underwent extensive renovations in 2022 and was transformed into a highly attractive investment property with a total of nine rentable rooms. All rooms are tastefully furnished and fully rented to students and young professionals who particularly appreciate the central location and close proximity to universities. The advantages of this investment property are manifold: Residents benefit from a fully equipped, modern kitchen, a communal dining area, and high-quality bathrooms on two floors. Additionally, the property includes an auxiliary building with a usable area of approximately 89 m², offering amenities such as a lounge area with a flat-screen TV, a small gym, and a terrace with a barbecue area. In terms of energy efficiency, the townhouse meets the latest technological standards. The list of renovation measures highlights the priority placed on sustainability during planning. Heating and hot water are provided via modern heat pump technology. On request, a photovoltaic system with energy storage can be installed. Triple-glazed windows and sustainable insulation ensure efficient heat retention indoors. The property generates an impressive gross rental yield of 4.6% with an annual rental income of €57,300. Starting in February 2025, the annual rental income will increase to €60,420, raising the yield to over 4.8%. All rental contracts are open-ended, with a mutual two-year waiver of termination rights, ensuring high rental security.
Object type
Investment
Condition
Top
Rooms
12
Bedrooms
9
Bathrooms
2
Number of Floors
2
Total surface
300 m²
Living area
184 m²
Plot surface
220 m²
Terrace surface
26 m²
Construction year
1905
Energy efficiency class
Energy certificate available
Yes
Energy certificate type
Demand certificate
Final energy demand
89.8 kWh/m²a
Type of heating
Radiator
Energy source
Heat pump
Energy includes hot water
No
The property is located on Kreuzstraße in the up-and-coming district of Preungesheim, a dynamic and well-connected neighborhood in the northern part of Frankfurt. Young people, in particular, appreciate its excellent infrastructure and quick access to the city center. Preungesheim offers a wide range of amenities right at your doorstep. Supermarkets, bakeries, pharmacies, and various service providers are all within close proximity. For leisure and fitness, the area boasts numerous gyms as well as parks and green spaces, perfect for outdoor activities. The nearby Bürgerhaus Preungesheim also offers cultural and social events, fostering a vibrant sense of community. Public transportation connectivity is excellent: the Preungesheim U-Bahn station (U5) is just a short walk away and provides direct access to Frankfurt's city center in about 15 minutes. This is a clear advantage for young professionals and students, as it allows easy access to Goethe University's campus and central office locations. Additionally, the A661 motorway is just a few minutes away, offering flexible connections to the entire Rhine-Main region. Beyond the infrastructure, Frankfurt's vibrant nightlife is also within easy reach. The popular Nordend district, with its numerous bars, restaurants, and cultural venues, is just a few U-Bahn stops away, making Preungesheim particularly attractive for young tenants. This neighborhood combines peaceful living with urban flair, making it ideal for young people who want to live centrally and stay well-connected.
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Provider:
Engel & Völkers Immobilien Deutschland GmbH
License partner of Engel & Völkers Residential GmbH
The brokerage contract with us and/or our agent is concluded by confirming the use of our brokerage activity in text form, such as, in particular, signature of the searching customer contract and/or property description. The amount of commission is based on legal regulations for the division of brokerage fees that came into force on 23.12.2020. Accordingly, the commission is regularly earned and due for both parties (owner and buyer) upon conclusion of a notarial contract, in the amount of 3,57 % including value added tax at the respectively applicable rate. The amount of gross commission is subject to changes in the tax rate. The buyer shall bear the costs for land transfer tax, notary fees and court costs.