Apartment building in Dortmund, North Rhine-Westphalia, Germany

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Apartment building in Dortmund, North Rhine-Westphalia, Germany

3,746,000 €
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  • Yield
    5.0%
  • Rental rate (m²/month)
    5 €
  • Built in 
    1954
Details
Property parameters
  • Leasable area: 3,450 m²
  • Total apartments: 65
  • Number of parking lots: 3
Financial performance
  • Annual income: 187,297 €
Transaction costs
  • Notary (state registration): 1.5%
  • Acquisition tax: 6.5%
  • Broker: 3.0% + VAT

Apartment building in Dortmund.

Description

Apartment building with a total leasable area of 3,450 m² includes 65 apartments and 3 parking places.

Financial performance

The current annual income is 187,297 €.

The current yield is 5%.

The expected annual income is 223,159 €.

The expected yield is 6%.

Transaction costs

Notary (state registration) is 1.5–2%.

Acquisition tax is 6.5%.

Brokerage fee is 3% + VAT 19% (total 3.57%).

Location and nearby infrastructure

The building is located in Dortmund, 7 km from the city center.

North Rhine-Westphalia is the land of the Federal Republic of Germany with a population of 17.5 million people (the most populated of the German lands). It ranks 4th in Germany in terms of area.

22% of Germany’s GDP comes from NRW. The main industry in NRW is engineering and equipment manufacturing, biotechnology, chemical industry, and etc.

North Rhine-Westphalia is the center of trade in Germany, because it houses the headquarters of several leading German trading concerns with the largest turnover, for example, Deutsche Telekom AG, ALDI NORD, Die Deutsche Post, Bayer, Lufthansa Group, REWE. DE.

More properties

If this ad doesn't suit you, have a look at the other apartment buildings for sale in Dortmund.

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Tranio helps to manage property after purchase

Our local team at Tranio in Germany will take up property management or recommend professional German partners.

The terms and conditions of our engagement depend on the condition and location of the property and are to be discussed in each particular case.

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