Engel & Völkers
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Investor Highlight: Fully Renovated Townhouse with 4.6% Yield

€1,250,000
  • 12 Rooms
  • 9 Bedrooms
  • 2 Bathrooms
  • 300 m² Total surface
  • 184 m² Living area
  • 220 m² Plot surface
  • 26 m² Terrace surface

Description

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.

Features
BasementBuilt-in kitchenTerraceGuest toiletGymFurnished
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Engel & Völkers MC Frankfurt-Taunus

Your advisor: Matthias Neu

Property ID: W-02QZ08

Property details

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

Energy efficiency information

Construction year

1905

Energy efficiency class

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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

Location: Preungesheim, Frankfurt

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.

Floor plans (5)

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Engel & Völkers MC Frankfurt-Taunus

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Provider:

Engel & Völkers Immobilien Deutschland GmbH

License partner of Engel & Völkers Residential GmbH

Commission details

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.

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