Four residential houses under construction.
Description
Total area of the property is 2,150 m²
The complex includes four buildings of the same type with 24 apartments with balconies. Each flat is provided with a storage room. The houses are fitted with elevators. The buildings have a high level of energy efficiency.
The purchase price includes parking for 36 cars.
The projected sales revenue is 5,072,000 €.
The profit of the investor before tax is 942,000 €.
The return on invested capital (gross) is 21%.
With saving the property in portfolio:
The projected absolute annual income is 243,480 €.
The projected yield is 5.4%.
Notary fee of 1.5%.
RE purchase tax of 5%.
The broker's fee of 4%.
The complex is located in the southern suburb of Bremen. Public transport stops are situated within walking distance, shops and schools are situtaed within few minutes drive.
