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A package of two microapartments in a new residential complex, Frankfurt, Germany

392,000 €
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Total area: 42 m² Yield: 3.8% Completion in 2021.II
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Features
  • Operating Incomе: 16,591 €
  • Loan size: 50% of the value of the object
  • Rate: 2.0%
  • Notary (state registration): 1.5%
  • Acquisition tax: 6.0%
  • Broker: 3.6%

Two furnished microapartments in a newly built residential complex in Frankfurt.

The complex consists of 345 apartments.

Apartment sizes range from 16 m² to 55 m².

The cost of apartments varies from 150,900 € to 429,900 €.

The construction will be completed in the spring of 2021.

It is possible to purchase a parking space in the underground garage:

  • standard space 29,800 €
  • wide/long space 30,800 €
  • extra wide/extra long space 31,800 €
  • maxi space 32,800 €
  • optional with an electrical car station 35,800 €

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

Financial performance

The projected annual income is 16,591 €.

The projected yield after deducting all expenses is from 3.4% to 4.5%, depending on the lease term and the occupancy.

Loan

There is the possibility of obtaining a mortgage lending in the amount of 50% of the total value of the apartments at 2.0% per annum.

Transaction costs

Notary (state registration) is 1.5 – 2%.

Acquisition tax is 6,0%.

The brokerage fee is 3.57%.

The cost of ownership

The cost of the management company is 1,248 €.

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 Frankfurt am Main elsewhere on our website.

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Enquire about this apartments package
Artem Ezhkov
Artem Ezhkov
Real Estate Expert Tranio in Frankfurt am Main
+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