Package of apartments, Berlin, Germany

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Package of apartments, Berlin, Germany

1,390,000 €
3,818 € /m²
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  • Total area
    364 m²
  • Yield
    2.3%
  • Built in 
    1974
Details
Property parameters
  • Number of parking lots: 5
Financial performance
  • Annual income: 31,343 €
Property status
  • Most recent total renovation: 2009
Transaction costs
  • Notary (state registration): 1.5%
  • Acquisition tax: 6.0%
  • Broker: 6.0% + VAT

5 apartments for rent in the central district of Berlin.

Description

The apartments are located in a residential complex consisting of four buildings built in 1974 and renovated in 2009.

The area of apartments is from 59 m² — 99 m².

The cost of apartments is from 225,000 € to 365,000 €.

The cost of each apartment includes a parking space.

Interior

Each apartment includes 2 or 3 rooms, a kitchen, and a bathroom.

Most apartments have a balcony.

Financial performance

The absolute annual income is 31,343 euros.

The current yield is 2.3%.

Transaction costs

Notary (state registration) is 1.5 – 2%.

Acquisition tax is 6%.

The brokerage fee is 6% + 19% VAT (in total 7.14%).

Location

The property is located in the Tiergarten area, in a few meters from the Kurfürstendamm and Tauenjing Straße. There are shops and restaurants, schools, kindergartens and polyclinics not far from the residential complex. KaDeWe department store, a zoo and public transport links can be reached in a few-minute walk.

  • 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 units purchase with a construction loan

Investment vehicle
Apartment units
Construction loan
Yield per annum
2.3%
8—10%
Investment budget
1,390,000 €
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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