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Apartment package in Northern Berlin with a 3,5% yield

1,772,000 €
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Total area: 760 m² Yield: 3.5%
  • Absolute return: 62,552 €
  • Built in 1981
  • Most recent total renovation: 2015
  • Notary (state registration): 1.5%
  • Acquisition tax: 6.0%
  • Broker: 7.1%
  • Total premises: 7

It is a seven apartments for sale in Berlin-Pankow. Description

The total area of apartments is 760 m².

The properties are situated in a house built in 1981 and have been partially refurbished in 2015.

All apartments have loggias, central gas heating.

There is also a parking.

Two apartments are leased out, the other five are vacant.

Financial performance

Absolute income is 62,552 €.

The current yield of 3,5%.

Transaction costs

Notary fee of 1,5%.

RE purchase tax of 6%.

The broker's fee of 7,14%.

Location

The property is located near the castle Niederschönhausen and Brosepark.

Shops, restaurants, bus stops, metro stations and railway station are in the immediate vicinity.

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Sergey Sharovatov
Sergey Sharovatov
Investment Consultant
+44 20 3608 1267
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