A residential house.
Description
Total area of the building is 1,200 m²
The house consists of 16 apartments: 9 one-bedroom flats, 3 two-bedroom flats and 4 three-bedroom flats. All apartmetns have balconies.
The purchase price of the property includes 8 parking lots in the courtyard of the building.
The house was built in 1994 and now is in a good condition.
Financial performance
Absolute annual income is 120,000 €.
The current yield of 4%.
Transaction costs
Notary (state registration) is 1.5 – 2%.
Acquisition tax is 6%.
The broker's fee of 6%.
Location
The apartment building is located in the district of Sprengelkiez. There are a public transport stop, restaurants, bars and supermarkets situated in a proximity from the house. A metro station is situated within 10 minutes of walking from the property.
