Description:
Description
- Built in 1992
- 1-2 Bed Apartments, 24 to 50 sqm
- Apartments with 40sqm plus are on two levels
- 2 month rent guarantee for investor if apartment is vacant.
- Caretaker is living in this estate
- Maintenance company in place.
- Superb infrastructure
Tenants are students and commuting people 16,000.00 students live in Kassel and commuting people are working in Kassel in the Technology and Machinery industry.
High demand on these apartment and management company has a waiting list for tenants in place.
The University is only a 10 min walk from the apartments, main train station and city centre a 5 minute walk.
Building is repossessed and Bank can show new investor cert of what the property is actually worth. ( up two twice the amount than asking price now)
The building reserve fund for this property show is an amazing 605,000.00 which is available for future repairs, improvements etc. if necessary.
Underground car park on the grounds. As students do not take any interest in the car parks and as these are in need of renovation, the plan is to demolish the car park building and replace it for supermarkets etc. However, the money that will be available from the sale of the car park building will automatically go into the building reserve fund. This will insure that no investor will need to invest any additional money for a long time to come.
The aim is to put new owners in place, carry out small renovation works and increase the rent. Meaning an even higher yield for the investor in the future.
