Apartment building, Hesse, Germany

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Apartment building, Hesse, Germany

2,610,000 €
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  • Yield
    3.5%
  • Rental rate (m²/month)
    8 €
  • Built in 
    1971
Details
Property parameters
  • Leasable area: 1,002 m²
Financial performance
  • Annual income: 92,500 €
Tenants
  • Fully let
Transaction costs
  • Notary (state registration): 1.5%
  • Acquisition tax: 6.0%
  • Broker: 3.0% + VAT

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.

Financial performance

The annual income is 92,500 €.

The yield is 3.5%.

Tenants

The property is fully let.

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.

All ads in the country: apartment buildings for sale in Germany.

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    Marina Filichkina
    Marina Filichkina,
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