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Apartment house in Mainz

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Total area: 370 m² Yield: 5.8% Built in 1958
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Features
  • Operating Incomе: 37,500 €
  • Land area: 400 m²
  • 3-floor building
  • Occupancy: 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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Sofia Bulanova
Sofia Bulanova
Investment Consultant
+44 20 3608 1267
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    • Bank financing from 1.5% annually
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    • Management company services