Apartment building, Wuppertal, Germany

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Apartment building, Wuppertal, Germany

1,220,000 €
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Total area: 1,230 m² Yield: 7.1% Built in 1954
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Features
  • Operating Incomе: 87,750 €
  • Land area: 715 m²
  • 5-floor building
  • Notary (state registration): 1.5%
  • Acquisition tax: 6.5%
  • Broker: 4.0%

Five-storey apartment building in the city center.

Description

The building was built in 1954 and now is in good condition.

The apartment building consists of two buildings with 24 apartments.

The buildings are leased out.

Equipment

  • balconies 
  • backyard garden
  • gas heating system
  • basement storage rooms 

Financial performance

Absolute annual income is 87,750 €.

The current yield is 7,1%.

Transaction costs

Notary fee is 1.5 – 2%.

Acquisition tax is 6,5%.

The broker's fee is 4% + 19% VAT (in total 4.76%).

Location

The apartment building is located in the city center of Wuppertal in North Rhine-Westphalia. The building is situated on a quiet street, just a several minutes' walk from the city center. There are a few schools, kindergartens and supermarkets near the building. 

Statistics in Wuppertal

Price per m², €
1,500
Real estate Price, €
Apartment in the city centre, m² 1,500.0
Apartment in a bedroom community, m² 1,000.0
Transport Price, €
Public transport, 1 ride 2.8
Monthly travel card 75.0
Taxi, 1 km 2.0
Petrol, 1 l 1.39
Food Price, €
Water, 1.5 l 0.34
Milk, 1 l 0.69
White bread, 500 g 1.31
Eggs, a dozen 1.68
Chicken fillet, 1 kg 6.9
Education Price, €
Kindergarten, per month 230.0
International school, per year 16,000.0

The data is provided by numbeo.com and based on the answers of its users.
Tranio does not guarantee its reliability.

Show the entire statistics

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Olga Starintseva
Olga Starintseva
Investment Consultant at Tranio
+44 17 4822 0039
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