Apartment building, Berlin, Germany

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Apartment building, Berlin, Germany

1,700,000 €
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Total area: 656 m² Yield: 3.2% Built in 1964
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Features
  • Operating Incomе: 53,919 €
  • Land area: 718 m²
  • Occupancy: 73%
  • Number of parking lots: 5
  • Notary (state registration): 2.0%
  • Acquisition tax: 6.0%
  • Broker: 7.1%

Residential house with a commercial unit.

Description

Total area of the property is 656 m².

Total area of a plot is 718 m².

The building consists of 10 apartments, 7 of them are rented. The apartment sizes span between 42 m² and 57 m². There is a commercial unit of 176 m² on the ground floor of the building.

A new gas heating system was installed in 2001. 

Financial performance

Absolute annual income is 53,919 €.

The current yield of 3.2%. 

Financial performance when all premises are leased out:

Absolute annual income is 71,075 €.

The projected yield of 4.2%.

Transaction costs

Notary (state registration) is 1.5 – 2%.

Acquisition tax is 6.0%.

Brokerage fee is 7.14%.

Location and nearby objects

The property is located in the borough of Lichterfelde, in Berlin. There are public transport stops, supermarkets and shops in the immediate vicinity.

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Artem Ezhkov
Artem Ezhkov
Real Estate Expert Tranio in Berlin
+44 20 3608 1267
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