Apartment building, Berlin, Germany

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Apartment building, Berlin, Germany

2,900,000 €
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Total area: 1,342 m² Yield: 3.0% Built in 1902
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Features
  • Operating Incomе: 87,405 €
  • Land area: 1,708 m²
  • Occupancy: 91%
  • Notary (state registration): 1.5%
  • Acquisition tax: 6.0%
  • Broker: 7.1%

Residential complex in a historical building.

Description

Total area of the property is 1,342 m².

The building consists of 15 apartments, 14 of them are rented. The apartment sizes span between 53 m² and 117 m².

The house was built in 1902. It is in a heritage-protected complex.

Financial performance

Absolute annual income is 87,405 €.

The current yield of 3.0%. 

Financial performance on the condition that all premises are leased out:

Absolute annual income is 98,645 €.

The projected yield of 3.4%.

Transaction costs

Notary (state registration) is 1.5–2%.

Acquisition tax is 6.0.

Brokerage fee is 7.14%.

Location

There are shops, supermarket, cafes, restaurants, bus and tram stop close to the house.

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Enquire about this apartment building
Julia Morozova
Julia Morozova
Senior Investment Consultant
+44 20 3608 1267
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    • Bank financing from 1.5% annually
    • Construction site audits
    • Management company services