It is an apartment house from the beginning of XX century, just a few minutes from the historic center of Leipzig.
Description
The three-storey building with a loft, which is a cultural monument, was constructed in 1911. The total area is 860 m².
The house accomodates 16 modern apartments with balconies.
The property is in excellent overall condition, overhaul and modernization was completed in 2014.
List of works during repairs:
- wall repair;
- new flooring, tiles in the bathrooms, oak parquet in the bedrooms;
- installing glazed windows and window sills made of natural stone and wood;
- repair of the facade;
- replacement of entrance doors;
- wiring replacement;
- installing gas central heating.
There is a public laundry in the basement.
Financial performance
Absolute income is 98,070 €.
The current yield of 4,9%.
Transaction costs
The broker's fee of 5,95%.
Real Estate Transfer Tax is 3,5%.
Notary fee of 1,5%.
Location
Leipzig is the largest city in Saxony, it is famous for its university and exhibitions.
Real Estate in Leipzig is growing rapidly every year due to the influx of the younger generation to the universities.
The property is located in the city center, which provides a steady flow of tenants.
