Historic apartment house in the heart of Frankfurt

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Historic apartment house in the heart of Frankfurt

3,100,000 €
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Total area: 781 m² Yield: 2.9% Built in 1898
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Features
  • Operating Incomе: 91,872 €
  • Land area: 265 m²
  • Notary (state registration): 1.5%
  • Acquisition tax: 5.0%
  • Broker: 6.0%
  • Total apartments: 7

It is an apartment house with commercial premises for sale.

Description

The total area of the five-story building is 781 m², including 614 m² of residential space and 167 m² of commercial space.

The house accomodates seven apartments, four of which have balconies, and two commercial premises.

The building, which is the object of cultural heritage, was constructed in 1898 and needs repairs.

Financial performance

Absolute income is 91,872 €.

Projected income (full occupancy) is 114,000 €.

The current yield of 2,9%.

The projected yield of 3,2%.

Transaction costs

Notary fee of 1,5%.

RE purchase tax of 5%. Share-Deal is possible.

The broker's fee of 5,95%.

Location

The property is situated in the center of Frankfurt.

Shops, hotels, restaurants, cafes, pharmacies and public transportation are within walking distance.

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Anna Kurianovich
Anna Kurianovich
Investment Consultant
+44 20 3608 1267
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    • Bank financing from 1.5% annually
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