Five-storey apartment building with a commercial unit on the ground floor.
The building was built in 1958 and now is in good condition.
The apartment building consists of a commercial unit on the ground floor and 10 apartments ranging from 36 to 86 m ².
The commercial unit and 7 apartments are leased out.
The windows were partly renewed in the building.
- bathrooms with windows
- gas heating system
- basement storage rooms
Absolute annual income is 57,450 €.
The current yield is 6,5%.
Financial performance when all premises are leased out:
Expected absolute annual income is 71,280 €.
Expected yield is 8,0%.
Notary fee is 1.5 – 2%.
Acquisition tax is 6,5%.
The broker's fee is 4% + 19% VAT (in total 4.76%).
The apartment building is located on a shopping street in Gelsenkirchen in North Rhine-Westphalia. There are a few shops, cafes, restaurant and a bus stop near the building.