Four residential houses under construction.
Total area of the property is 2,150 m²
The complex includes four buildings of the same type with 24 apartments with balconies. Each flat is provided with a storage room. The houses are fitted with elevators. The buildings have a high level of energy efficiency.
The purchase price includes parking for 36 cars.
The projected sales revenue is 5,072,000 €.
The profit of the investor before tax is 942,000 €.
The return on invested capital (gross) is 21%.
With saving the property in portfolio:
The projected absolute annual income is 243,480 €.
The projected yield is 5.4%.
Notary fee of 1.5%.
RE purchase tax of 5%.
The broker's fee of 4.76%.
Location and nearby infrastructure
The complex is located in the southern suburb of Bremen. Public transport stops are situated within walking distance, shops and schools are situtaed within few minutes drive.