Fifteen rental flats in a modern residential complex, which is comprised of 48 apartments and penthouses (20 m² — 84 sqm).
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: garden in the courtyard of the house, underground parking, laundry and concierge-service. The purchase price of a parking lot is 26,500 €. 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.
The object is compliant with standards of energy conservation KfW 85 of EnEV 2016.
Projected absolute income is 64,902 €.
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 — 1,251 € per year.
Managing of the building and rent — 8,881 € per year.
The residential complex situated in the west of Nurenberg. There are supermarket, pharmacy, bakery and restaurants in close vicinity of the house. The historic part of the city with a lot of sights located within few minutes drive from the complex.
