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Apartment house in Monchengladbach with a 5,9% yield

2,390,000 €
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Total area: 1,580 m² Yield: 5.9%
  • Absolute return: 141,624 €
  • Land area: 1,409 m²
  • Built in 1975
  • Percentage of the rented area: 100%
  • Most recent total renovation: 2014
  • Notary (state registration): 1.5%
  • Acquisition tax: 6.5%
  • Broker: 3.6%

It is a multy-family house investment.

Description

The building with total area of 1,580 m² was constructed in 1975.

The plot of 1,409 m².

The house accomodates 39 apartments with diesel heating.

The property is in good overall condition (last renovation took place in 2014) and fully leased out.

Financial performance

Absolute income is 141,624 €.

The current yield of 5,9%.

Transaction costs

Notary fee of 1,5%.

RE purchase tax of 6,5%.

The broker's fee of 3,57%.

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