Apartment building, Chemnitz, Germany

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Apartment building, Chemnitz, Germany

470,000 €
576 € /m²
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  • Total area
    815 m²
  • Yield
    7.8%
  • Built in 
    1900
Details
Property parameters
  • Total apartments: 10
  • 5-floor building
Financial performance
  • Annual income: 36,780 €
Tenants
  • Occupancy: 90%
Transaction costs
  • Notary (state registration): 1.5%
  • Acquisition tax: 3.5%
  • Broker: 6.0% + VAT

Five-storey residential house.

Description

Total area of the property is 815 m²

House comprised of 10 apartments, one of them is still vacant.

Financial performance

Absolute annual income is 36,780 €.

The current yield of 7.8%.

Projected absolute annual income is 40,620 €.

The projected yield of 8.6%.

Transaction costs

Notary fee of 1.5%.

RE purchase tax of 3.5%.

The broker's fee of 6%.

Location

House situated in the central district of the city — Sonnenberg. Community amenities and park are in close vicinity of the property. The city centre located within few minutes of walking.

More properties

If this ad doesn't suit you, have a look at the other apartment buildings for sale in Chemnitz.

All ads in the country: apartment buildings for sale in Germany.

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    Marina Filichkina
    Marina Filichkina,
    Head of Sales
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