Apartment building, Bavaria, Germany

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Apartment building, Bavaria, Germany

7,950,000 €
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Total area: 820 m² Yield: 4.0% Built in 1958
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Features
  • Operating Incomе: 316,058 €
  • 6-floor building
  • Number of parking lots: 8
  • Notary (state registration): 1.5%
  • Acquisition tax: 3.5%
  • Broker: 3.0%
  • Total apartments: 33

Apartment building for renovation.

Description

The total area of the building is 820 m².

Living area: 421 m²

The house consists of thirty-three apartments.

There are eight garages in the territory of the building.

Financial performance

The absolute annual income is 316,058 €

The current yield is 4%.

Transaction costs

The notary fee is 1.5 – 2%.

Tax on the purchase of real estate 3,5%.

Brokerage fee is 3% + 19% VAT (total 3,57%).

The cost of ownership

Operating costs are 9,017.52 €

Location and nearby objects

The property is located in the residential area of Munich. Community amenities, including public transport stops, are situated in proximity from the property.

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Enquire about this apartment building
Julia Morozova
Julia Morozova
Senior Investment Consultant
+44 17 4822 0039
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    When you submit a request, you agree to our terms and conditions
    • Bank financing from 1.5% annually
    • Construction site audits
    • Management company services