Ten studio apartments for renting in a new residential complex.
The construction will be completed by the end of 2020.
The residential complex consists of 56 studio apartments ranging from 30 m² to 33 m² and two-, three- and four-room apartments ranging from 59 m² to 84 m².
The cost of the studios ranges from 149,000 € to 199,000 € and the cost of the apartments ranges from 299,000 € to 470,000 €.
There are two commercial units on the ground floor of the building.
Energy standard: KfW-55.
Property of this type is sought-after for tenants. The owner gets long-term rent revenue for the low-cost investment.
The studio consists of a living room combined with a kitchen and a dining area, a bathroom, a storage room, a dressing room, a balcony or a terrace.
The apartments consist of 2, 3 or 4 rooms, a spacious kitchen, combined with a dining area, a bathroom, a storage room, a dressing room, and a balcony. Some apartments have a guest WC.
- fitted kitchen
- heating floors
The complex may offer at residents' disposal: a rooftop terrace and a parking for bicycles. The owners may use services of a management company, which assumes responsibilities associated with searching for tenants, singing lease agreement, property maintenance, managing, tenant communications, insurance, renovation, etc.
The projected annual income is 62,148 €.
The projected annual income after deducting expenses for maintenance and management is 50,009 €.
The projected yield is 3.2%.
Notary (state registration) is 1.5 – 2%.
Acquisition tax is 6.0%.
The cost of ownership
The cost of the management company services is 29.75 €/month per unit.
The operating costs are 2.32 €/m² per month.
According to preliminary calculations, management and maintenance costs are 12,139 € per year.
The residential complex is located in the Lichtenberg district, in a 15-minute drive from the center of Berlin (Alexanderplatz). Public transport stops, a metro station, Aldi and Netto supermarkets are situated in a walking distance from the building. Also, there are a shopping center, parks, a university, schools, a sports field and a hospital nearby.
The airport is located in 20 km, and Berlin Main Station can be reached in 35 minutes by tram.