- 27,285,000 €
- 4.7% yield
- Hessen Apartment building 2,610,000 €
- Basic parameters
- Photo
№ 1,869,318
Apartment building in Hessen
2,610,000 €
- Apartments —
- Yield 4.0%
- Constructed 1971
- Price per key —
Key project parameters
- Leasable area
- 1,002 m²
- Constructed
- 1971
Project description
Apartment building in Hesse.
Description
The building consists of 14 two- and three-room apartments ranging in size from 64 to 76 m².
All apartments have a balcony.
The building is in excellent condition.
Extra information
Balcony or terrace
Tenants
- Agreement
- n/a
The property is fully let.
Financial performance
- Yield
- 4.0%
The annual income is 92,500 €.
The yield is 3.5%.
Transaction costs
Notary (state registration) is 1.5 – 2%.
Acquisition tax is 6%.
Brokerage fee is 3% + VAT 19% (total 3.57%).
Location and nearby infrastructure
The building is located in Hesse, in a city with a population of about than 15,000 people.
Hesse is astate in the west-central part of Germany. Hesse is bounded by the states of Lower Saxony to the north, Thuringia to the east, Bavaria to the southeast, Baden-Württemberg to the south, Rhineland-Palatinate to the west, and North Rhine–Westphalia to the northwest. Its capital is Wiesbaden.
More properties
If this ad doesn't suit you, have a look at the other apartment buildings for sale in Hessen.
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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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Property maintenance and insurance
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Search for tenants, contracting, and control over rent collection
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Arrangements for bookkeeping and tax advice
Diversify your portfolio - invest from $1 million in the construction of residential complexes in Dubai
- annual yield
- From 15-17%
- investment exit horizon
- 2–3 years
- full support at every stage
- Turnkey deal
How we help investors
Analysing the needs
We use a methodology that enables us to formulate requests and find good deals in the market
Developing a strategy
We analyse all inputs and, with the help of local consultants, propose the optimal form of ownership, tax solutions, and exit strategy for the investment
Providing transaction support
We support the investor from the moment of project selection to the closing of the deal. We offer assistance at every stage, including helping to open a bank account
Helping with management
We can take over the management of your property or recommend a suitable management company
Organising property viewings
We will arrange a visit to the site to view one or more projects
Saving time
At the investor's request, we can arrange a remote purchase with the least possible visits to the country
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