Apartment building with commercial units on the ground floor.
Description
The property includes 19 apartments with a total area of 1,332 m² and 2 commercial premises with a total area of 348 m².
The building was built in 1905 and completely renovated in 1999.
Equipment
- wood trim
- attic
- stucco molding
Financial performance
The absolute annual income is 112,220 €.
Current yield is 2.9%.
The projected annual income is 136,212 €.
The projected yield is 3.5%.
Transaction costs
Notary (state registration) is 1.5 – 2%.
Acquisition tax is %.
The brokerage fee is 6% + 19% VAT (in total 7.14%).
Location and nearby infrastructure
The property is located in the Pankov district in one of the most popular places in Berlin.
There is a park in a walking distance from the property.
There are kindergartens, medical centers, schools, shops, restaurants and bars nearby.
