Apartment building, Berlin, Germany

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Apartment building, Berlin, Germany

2,400,000 €
3,034 € /m²
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  • Total area
    791 m²
  • Yield
    3.0 %
  • Built in 
    1914
Details
Property parameters
  • Land area: 533 m²
  • 5-floor building
Financial performance
  • Annual income: 72,300 €
Tenants
  • Fully let
Transaction costs
  • Notary (state registration): 2.0 %
  • Acquisition tax: 6.0 %
  • Broker: 7.1 %

Apartment building with the possibility of expansion of the building.

Description

The house includes 10 apartments.

It is possible to expand the second floor of the building to 140 m² and the attic to 150 m².

The building was built in 1914.

Financial performance

Absolute annual income is 72,300 €.

The current yield of 3.0%.

Transaction costs

Notary (state registration) is 1.5 – 2%.

Acquisition tax is 6.0%.

Brokerage fee is 7.14%.

Location and nearby infrastructure

The house is located in the south-east of Berlin, in the Steglitz district. Public transport stops, restaurants, a pharmacy, a children's playground, the Marcusplatz, the Rosengarten and the Stadtpark are situated in a walking distance from the building.

  • Property on the map
    Location right down to the building, street or city
  • Other properties
    Other offers nearby

Tranio helps to manage property after purchase

Our local team at Tranio in Germany will take up property management or recommend professional German partners.

Find out more
  • icon Property maintenance and insurance
  • icon Search for tenants, contracting, and control over rent collection
  • icon Arrangements for bookkeeping and tax advice

Сonstruction loan as an alternative to commercial property investment

Developers with a good track record that give warranties or procure a record in the land register.

There is no need to incorporate a legal entity or open an account in Germany.

No extra charges to maintain or operate the property.

Comparing a apartment building purchase with a construction loan

Investment vehicle
Apartment building
Construction loan
Yield per annum
3.0%
8—10%
Investment budget
2,400,000 €
from 300,000 €
Buying expenses
10—15%?
  • 1 – 1,5 % — lawyer
  • 2,3 – 3,2 % — notary and state registration
  • 3,5 % – 6,5 % — acquisition tax
  • 3-6% + VAT — broker's fee

Percentage of the property value

0—2%?

The expenses on an independent legal review of the project

Investment term
from 5 years
to 3 years
Risk level
Low
Moderate
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