Apartment building, Berlin, Germany

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Apartment building, Berlin, Germany

9,200,000 €
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Total area: 2,533 m² Yield: 3.3% Built in 1900
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Features
  • Operating Incomе: 304,000 €
  • Notary (state registration): 1.5%
  • Acquisition tax: 6.0%
  • Broker: 5.6%

Apartment building with commercial premises on the ground floor.

Description

The house consists of 28 apartments and 2 commercial premises with a total area of 152 m².

The residential area is 2,381 m².

The building was built in 1900 and was recently renovated.

16 apartments are rented for a long time. There is an opportunity for short-term renting of 12 apartments.

Financial performance

Absolute annual income is 304,000 €.

The current yield of 3.3%. 

Transaction costs

Notary (state registration) is 1.5 – 2%.

Acquisition tax is 6.0%.

Brokerage fee is 5.95%.

Location

The property is located in Prenzlauer Berg, the one of the most expensive central districts of Berlin. The metro station is located in a 3-minute walk from the building.

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