Apartment building in Stuttgart, Baden-Wurttemberg, Germany

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Apartment building in Stuttgart, Baden-Wurttemberg, Germany

2,750,000 €
2,850,000 €
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  • Yield
    4.4%
  • Rental rate (m²/month)
    19 €
  • Built in 
    1965
Details
Property parameters
  • Leasable area: 517 m²
  • Total apartments: 14
  • Number of parking lots: 4
Financial performance
  • Annual income: 120,000 €
Property status
  • Most recent total renovation: 2018
Transaction costs
  • Notary (state registration): 1.5%
  • Acquisition tax: 5.0%
  • Broker: 4.0% + VAT

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.

Financial performance

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).

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

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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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  • icon Property maintenance and insurance
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Сonstruction loan as an alternative to commercial property investment

Developers with a good track record that give warranties or procure a record in the land register.

There is no need to incorporate a legal entity or open an account in Germany.

No extra charges to maintain or operate the property.

Comparing a apartment building purchase with a construction loan

Investment vehicle
Apartment building
Construction loan
Yield per annum
4.4%
8—10%
Investment budget
2,750,000 €
from 300,000 €
Buying expenses
10—15%?
  • 1 – 1,5 % — lawyer
  • 2,3 – 3,2 % — notary and state registration
  • 3,5 % – 6,5 % — acquisition tax
  • 3-6% + VAT — broker's fee

Percentage of the property value

0—2%?

The expenses on an independent legal review of the project

Investment term
from 5 years
to 3 years
Risk level
Low
Moderate
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