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Apartment house in Dresden

1,400,000 €
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Total area: 620 m² Yield: 4.4% Built in 1996
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Features
  • Operating Incomе: 62,194 €
  • Land area: 560 m²
  • 3-floor building
  • Occupancy: 100%
  • Number of parking lots: 7
  • Notary (state registration): 1.5%
  • Acquisition tax: 3.5%
  • Broker: 6.0%
  • Total apartments: 7

It is an apartment house in Dresdin, the capital of Saxony.

Description

The three-storey property with total area of 620 m² was built in 1996.

The plot area of 560 m².

The house has seven apartments. All apartments have balconies or terraces.

The building is in excellent condition.

Each aparment has one parking place in underground garage.

The object is fully leased out.

Financial performance

Absolute income is 62,194 €.

The current yield of 4,4%.

Transaction costs

The broker's fee of 6% + VAT.

Real Estate Transfer Tax is 3,5%.

Notary fee of 1,5%.

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Julia Morozova
Julia Morozova
Senior Investment Consultant
+44 20 3608 1267
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    • Bank financing from 1.5% annually
    • Construction site audits
    • Management company services