Property Description
Are you looking for a house with plenty of space and many rooms? Do you also have handyman skills and can do a lot yourself? Then take a closer look at this large house. It was built in 1980 in solid construction on a leasehold property of the Evangelical Church. According to the building permit, the house has approximately 213 m² of living space. Over the years, an additional approximately 115 m² of existing usable space has been converted into living space. Most recently, 4 residential units were used, 2 large apartments on the upper and attic floors, a small apartment in the attic, and a medium-sized apartment in the basement. The residential units have water and electricity meters as well as heat quantity meters. In addition, there are cellar rooms, 4 garages, and 4 parking spaces. The property is already free of rent and will soon be vacated.

Please note that this is a leasehold property. The annual ground lease for this property will be approximately €2,616 from 2025 (approximately €218 per month).

Price Thoughts
The asking price for this property is €425,000. Considering the size of the house, the number of rooms, and the additional living space that has been converted, this could be a great opportunity for someone with the skills to renovate and update the property. The potential for multiple rental units also adds to the appeal of this investment. It's important to keep in mind the annual ground lease fee when considering the overall cost of owning this property.

Objektbeschreibung                          Sie suchen ein Haus mit reichlich Platz und vielen Zimmern? Sie verfügen zudem über handwerkliches Geschick und können vieles selber machen? Dann schauen Sie sich dieses große Haus mal genauer an. Es wurde 1980 in massiver Bauweise auf einem Erbbaugrundstück der Evangelischen Kirche erbaut. Das Haus verfügt laut Baugenehmigung über ca. 213 m² Wfl. Im Laufe der Jahre wurden zusätzlich  ca. 115 m² vorhandene Nutzfläche zu Wohnraum ausgebaut. Genutzt wurden so zuletzt 4 Wohneinheiten, 2 große Wohnungen im OG und DG, ein kleines Appartement im DG und eine mittelgroße Wohnung im Kellergeschoss. Die Wohneinheiten verfügen über Wasser- und Stromzähler sowie Wärmemengenzähler. Zudem gibt es noch Kellerräume, 4 Garagen und 4 PKW-Stellplätze. Das Objekt ist bereits mietfrei und in Kürze auch geräumt.Achtung: Bitte beachten Sie, dass es sich hier um ein Erbbaurecht handelt. Der jährliche Erbbauzins für dieses Objekt beträgt ab 2025 ca. 2.616,- € (ca. 218,-€/Monat).

Other for rent in Michelstadt                   - Hessen, Germany

Property Description
Are you looking for a house with plenty of space and many rooms? Do you have some handyman skills and can do a lot of things yourself? Then take a closer look at this large house. Built in 1980 in solid construction on a leasehold plot owned by the Evangelical Church, the house has approximately 213 m² of living space according to the building permit. Over the years, an additional 115 m² of existing usable space has been converted into living space. Most recently, 4 residential units were used: 2 large apartments on the first and second floors, a small apartment on the top floor, and a medium-sized apartment in the basement. The residential units have water and electricity meters as well as heat meters. In addition, there are basement rooms, 4 garages, and 4 parking spaces. The property is already free of rent and will be vacated shortly. Please note that this is a leasehold property. The annual ground rent for this property will be approximately €2,616 from 2025 (approximately €218 per month).

Price Thoughts
Considering the size of the property, the number of rooms, and the additional living space that has been created over the years, the asking price of €389,000 seems reasonable. However, potential buyers should take into account the leasehold status of the property and the annual ground rent that will need to be paid starting in 2025. It is important to weigh the benefits of the property against the long-term financial commitment required by the leasehold agreement.

Property description: Are you looking for a house with plenty of space and many rooms? Do you have handyman skills and can do a lot on your own? Then take a closer look at this large house. It was built in 1980 in solid construction on a leasehold property belonging to the Evangelical Church. According to the building permit, the house has approximately 213 m² of living space. Over the years, an additional 115 m² of existing usable space has been converted into living space. Most recently, 4 residential units were used, including 2 large apartments on the first and second floor, a small apartment on the second floor, and a medium-sized apartment in the basement. The units have water and electricity meters, as well as heat meters. Additionally, there are cellar rooms, 4 garages, and 4 parking spaces. The property is already free of tenants and will soon be vacated.

Thoughts on price: The price of 425.000€ for this property seems reasonable considering the amount of space and potential it offers. However, it is important to note that the property is on a leasehold basis, with an annual lease fee of approximately 2.616€ starting in 2025. This should be taken into consideration when evaluating the overall value of the property.

Property Description
Are you looking for a house with plenty of space and many rooms? Do you have handyman skills and can do a lot yourself? Then take a closer look at this large house. It was built in 1980 in solid construction on a leasehold property of the Evangelical Church. According to the building permit, the house has approximately 213 m² of living space. Over the years, an additional 115 m² of existing usable space has been converted into living space. Most recently, 4 residential units were used, 2 large apartments on the upper and top floor, a small apartment in the top floor, and a medium-sized apartment in the basement. The residential units have water and electricity meters as well as heat quantity meters. There are also cellar rooms, 4 garages, and 4 parking spaces. The property is already rent-free and will soon be vacated.

Price Thoughts
The property is priced at 389.000€, which may be considered reasonable considering the size of the house, the additional living space that has been converted, and the amenities such as garages and parking spaces. However, potential buyers should take into account that this is a leasehold property with an annual ground rent of approximately 2.616€ starting from 2025. This additional cost should be factored into the overall affordability of the property.

Other for rent in Michelstadt - Hessen, Germany

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