Seven rental flats in modern condominium, which comprised of flats with area of 24-119 m²
The price of apartments ranges from 108,000 to 418,000 euros.
Property of this type is sought-after for tenants. The owner gets long-term rent revenue for the low cost investment.
This project is sought-after for investors because of it's low entrance to the project threshold and the possibility of mortgage lending.
Equipment
- flats are furnished;
- kitchens equipped with modern appliances;
- central heating and air ventilation system.
Advantages
Complex may offer at residents'disposal: underground parking, laundry and concierge-service. The purchase price of a parking lot is 25,500 €. Owners may use services of management company, which assumes responsibilities associated with searching for tenant, singing lease agreement, property maintenance, managing, tenant communications, insurance, renovation, etc. The management company guarantees the rental income for 1 year to the owner, even if the apartment is not rented.
Projected absolute income is 37,915 €.
Projected yield of 3%.
There is the possibility of obtaining a mortgage lending in the amount of 50% of the total value of the apartment at 1,9% per annum.
Notary fee of 1.5%.
RE purchase tax of 3.5%.
No broker's fee.
Maintenance of the building and furniture — 723 € per year.
Managing of the building and rent — 4,731 € per year.
Residential complex situated in the central part of Nurenberg. The house is in close proximity to the city park, shopping mall, pedestrian street and public transport stops.
