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Apartment house in Leipzig with a 4,8% yield

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Total area: 687 m² Yield: 4.0%
  • Absolute return: 28,099 €
  • Land area: 250 m²
  • Built in 1900
  • 4-floor building
  • Renter: 85%
  • Most recent total renovation: 2004

Renovated apartment building in Leipzig-Kleinzschocher.

687 m² of residential and commercial space on 250 m² area.

The commission for buyer is 7,14%.

Description

Four-storey house was built in 1900. A large-scale renovation took place in 2004.

The house has 9 apartments with a a total area of 587 m² and one commercial unit. At the moment, all the apartments are leased and commercial unit is vacant.

Attic has been already remade for residential unit. Balconies and roof are renovated. The house has gas central heating.

Yield

Absolute income is 28,099 €.

Projected income (with leased commercial unit) is 36,309 €.

The current yield of 4,8%.

The projected yield of 6,2%.

859 €/m² average.

Infrastructure

Shops, schools, a tram station are in the immediate vicinity of the house.

Clara Zetkin Park is located nearby.

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Julia Morozova
Julia Morozova
Senior Investment Consultant
+44 20 3608 1267
Free advice on real estate in Leipzig
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