Apartment package in Munich, Germany

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Example of apartments package in Munich

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Apartment package in Munich, Germany

850,000 €
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Total area: 105 m² Yield: 3.5% Built in 2018
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Features
  • Operating Incomе: 29,750 €
  • 5-floor building
  • Loan size: 60% of the value of the object
  • Rate: 1.8%
  • Notary (state registration): 2.0%
  • Acquisition tax: 3.5%
  • Broker: 4.8%

Five apartments for rent.

Description

Microapartments in a new residential complex. The house consists of 120 apartments. The area of the apartments varies from 19 to 40 m².

Property of this type is sought-after for students-tenants and seasonable employee. The owner gets long-term rent revenue for the low cost investment. 

Interior 

Apartments consist of a light living-room combined with a kitchen and a dining area, and a bathroom.

Equipment 

  • flat is furnished;
  • kitchens equipped with modern appliances.

Advantages

Owners may use services of management company, which assumes responsibilities associated with searching for tenant, singing lease agreement, property maintenance, managing, tenant communications, insurance, renovation, etc.

The payment will be paid via an escrow account with payment in installments. The bank gives a guarantee of a refund in case the construction is not completed.

Financial performance

Projected absolute income with a deduction of expenses on management company amounts to 29,750 €.

Projected yield of 3.5%.

The indexation of rental revenue is proportional to inflation.

Price per m² is 6,440 €.

Loan

It is possible to obtain bank loan for 60% of the value of the property at 1.75% per annum.

Transaction costs

Notary (state registration) is 1.5–2%.

Acquisition tax is 3.5%.

Brokerage fee is 4.76%.

The cost of ownership

The management costs are 2,500 € per year.

Location and nearby objects

The residential complex is located in a rapidly developing area of the city. There are public transport stops, supermarkets and a shopping center situated within walking distance from the property.

More properties

If this property wasn’t for you, take a look at other apartment units for sale in Germany.

You can see more apartment units for sale in Munich elsewhere on our website.

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Artem Ezhkov
Artem Ezhkov
Real Estate Expert Tranio in Munich
+44 20 3608 1267
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    When you submit a request, you agree to our terms and conditions
    • Bank financing from 1.5% annually
    • Construction site audits
    • Management company services