Apartment building, Dusseldorf, Germany

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Apartment building, Dusseldorf, Germany

1,250,000 €
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Total area: 540 m² Yield: 4.8% Built in 1950
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Features
  • Operating Incomе: 60,000 €
  • Land area: 215 m²
  • 5-floor building
  • Occupancy: 100%
  • Most recent total renovation: 2017
  • Notary (state registration): 2.0%
  • Acquisition tax: 6.5%
  • Broker: 4.8%

An apartment building in a quiet area.

Description

The house includes 14 apartments and a cellar.

There is a garden in the courtyard.

The building was built in 1950. In 2016, the facade was painted, and in 2017 a new fire escape was installed.

All apartments are leased by indefinite agreements.

Financial performance

Absolute annual income is 60,000 €.

The current yield of 4.8%. 

Transaction costs

Notary (state registration) is 1.5 – 2%.

Acquisition tax is 6.5%.

Brokerage fee is 4.76%.

Location

The house is located in a quiet area of Rath. The public transport stops, a gas station and a supermarket are situated not far from the building.

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Julia Morozova
Julia Morozova
Senior Investment Consultant
+44 17 4822 0039
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