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Apartment house in Mainz with a 5,8% yield

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Total area: 370 m² Yield: 5.8%
  • Absolute return: 37,500 €
  • Land area: 400 m²
  • Built in 1958
  • 3-floor building
  • Renter: 100%
  • Notary (state registration): 1.5%
  • Acquisition tax: 5.0%
  • Broker: 6.0%
  • Total apartments: 6

It is a house in a quiet area in the suburbs of Mainz, Rhineland-Palatinate.

Description

The three-storey building with a total area of 370 m² was constructed in 1958.

The plot of 400 m².

The house has 6 apartments, 4 on the ground floor, 2 apartments on the first and second floors. The apartments have balconies/terraces. The building has central gas heating. There is a garden.

Object in good condition, only cosmetic work may be needed.

All apartments are leased out.

Financial performance

Absolute income is 37 500 €.

The current yield of 5,8%.

Transaction costs

Notary fee of 1,5%.

RE purchase tax of 5%.

The broker's fee of 5,95%.

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Sofiya Bulanova
Sofiya Bulanova
Real Estate Expert Tranio in Mainz
+44 20 3608 1267
Free advice on real estate in Mainz
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