- 27,285,000 €
- 4.7% yield
- Stuttgart Apartment building 2,750,000 €
- Basic parameters
- Photo
№ 1,892,145
Apartment building in Stuttgart
2,750,000 €
2,850,000 €
- Apartments 14
- Yield 4.0%
- Constructed 1965
- Price per key —
Key project parameters
- Leasable area
- 517 m²
- Apartments
- 14
- Number of parking lots
- 4
- Constructed
- 1965
Project description
Apartment building after complete renovation in Stuttgart.
Description
The building with a total living area of 517 m² includes 14 apartments and 4 garages:
- 2 three-room;
- 4 two-room;
- 8 one-room.
The area of the apartments varies from 17.8 to 65.3 m².
The property has been completely renovated:
- replacement of windows
- installation of new water and sewer pipes
- replacement of electrical wiring
- heating system renewal
- restoration of the facade
Eleven apartments have been completely renovated (including bathrooms) and rented out to new tenants.
The building was fully renovated in 2018.
Tenants
- Agreement
- n/a
Financial performance
- Yield
- 4.0%
The annual income is 120,000 €.
The yield is 4.4%.
Transaction costs
Notary (state registration) is 1.5 – 2%.
Acquisition tax is 5%.
Brokerage fee is 4% + VAT 19% (total 4.76%).
Location and nearby infrastructure
The building is located in one of the most popular residential areas of Stuttgart. A few minutes from the house there are chain grocery supermarkets, household store, pharmacies, cafes, as well as kindergartens and schools. The nearest public transport stop is just 100 meters away.
Stuttgart is the capital of Baden-Württemberg, one of the most important industrial and cultural centers of Germany. More than 630 thousand people live In Stuttgart (the 6th largest city in the country). The city with its agglomeration (5.3 million people) is one of 20 metropolitan areas with the largest percentage of gross domestic product in Europe.
Stuttgart is an important transport hub of Germany with an international airport (capacity of 11.8 million) and a railway station (traffic flow of 220k per day).
More properties
If this ad doesn't suit you, have a look at the other apartment buildings for sale in Stuttgart.
All ads in the country: apartment buildings for sale in Germany.
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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