Residential complex of several apartment buildings.
Description
The property consists of 70 apartments with a total area of 3,891 m².
Continuously modernized from 1995 (roof renewal, thermal insulation, replacement of windows, in some cases also modernization of bathrooms and piping systems). Gas central heating installed in 2012. Some apartments have balconies. In 2017, the building at Am Hofefelde 10 was modernized: full façade protection, basement insulation a new roof covering was installed. During these measures three apartments in this property have been completely renovated.
The condominium includes 20 garages, four of which can still be rented.
Absolute annual income is 217,270 €
Projected annual income: 224,570 €
Current yield is 7,6%
Predicted yield: 7.8%.
Notary (state registration) is 1.5 – 2%.
Acquisition tax is 5%.
The property is located in a village of Mecklenburg-Western Pomerania.
The cities of Ratzeburg (about 15 km away) and the Hanseatic city of Lübeck (about 20 km away) can be reached quickly on the highways.
The connection to the Federal Highway 20 is 9 km away. The nearest train station is in Rehna.
