Apartment building.
Description
The property includes 40 apartments with a total area of 3,471 m².
The building is in good condition.
There is a parking for 41 cars in the territory of the property.
Financial performance
The absolute annual income is 500,000 €.
Current yield is 4%.
Transaction costs
Notary (state registration) is 1.5 – 2%.
Acquisition tax is 5%.
The brokerage fee is 3% + 19% VAT (in total 3.57%).
Location and nearby infrastructure
The property is located in one of the cities of the federal state of Baden-Württemberg with a population of more than 60 thousand people.
The city has developed industry and services.
There are mountains of France — Vosges nearby.
The distance to Strasbourg is 20 km.
