It is an apartment house with commercial unit for sale.
The total area of the five-story building is 611 m², of which:
- 419 m² residential;
- 96 m² of commercial;
- 96 m² storage.
The plot of 267 m².
Commercial unit, currently occupied by the restaurant, is situated on the ground floor, the other floors accomodate flats and student apartments.
The restaurant and the apartment on the first floor are in need of repair.
The building is vacant.
The property may be expanded with additional floors.
Projected income (full occupancy) is 114,000 €.
The projected yield of 5,3%.
Notary fee of 1,5%.
RE purchase tax of 5%.
The broker's fee of 5,95%.
Location and nearby objects
The property is situated near the heart of Frankfurt.
Shops, supermarkets, cafes, public transportation and metro stations are within the walking distance.