Apartment building, Essen, Germany

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Apartment building, Essen, Germany

1,522,000 €
1,522 € /m²
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  • Total area
    1,000 m²
  • Yield
    6.9%
  • Built in 
    1962
Details
Property parameters
  • Number of parking lots: 11
  • 5-floor building
Financial performance
  • Annual income: 105,000 €
Property status
  • Most recent total renovation: 2015
Transaction costs
  • Notary (state registration): 1.5%
  • Acquisition tax: 6.5%
  • Broker: 3.0% + VAT

Five-storey residential house.

Description

The total area of the property is 1,000 m².

The house includes 12 apartments of 62 m², 72 m² and 110 m². Most apartments have balconies, terraces and video intercoms. The apartments on the ground floor have private gardens. In 5 of the 12 apartments there are built-in kitchen units.

11 garages are included in the price.

The building was built in 1962 and was completely renovated in 2015.

Financial performance

Absolute annual income is 105,000 euro.

The current yield of 6.9%.

Transaction costs

Notary fee of 1.5–2%.

RE purchase tax of 6.5%.

The broker's fee of 3%.

Location

The property is situated in a central district, close to the shopping street and public transport stops. The central station is 1.3 km away.

More properties

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

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    Marina Filichkina
    Marina Filichkina,
    Head of Sales
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