Apartment for rent with yield of 1.2%, Munich, Germany

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Apartment for rent with yield of 1.2%, Munich, Germany

589,000 €
7,011 € /m²
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Total area: 84 m² 3 bedrooms 1 bathroom
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Features
  • Yield: 1.2%
  • Operating Incomе: 7,178 €
  • Built in 1950
  • 7-floor building
  • 4 floor
  • Notary (state registration): 1.5%
  • Acquisition tax: 3.5%
  • Broker: 3.6%
  • Total rooms: 4

Rental flat in seven-storey residential house.

Description

Total area of apartment is 84 m².

Two-bedroom flat situated on the third floor of the building. Apartment consists of entrance hall, living room, kitchen, 3 bedrooms, bathroom and balcony.

There are 19 apartments and 1 commercial unit in the house.

Building was renovated in 2005. The staircase, balconies, facade were refurbished, new mailboxes and video intercoms were installed.

Financial performance

Absolute annual income is 7,178 €.

The current yield of 1.2%.

Current lease agreements with residents were concluded in the 90s. Soon, contracts with some residents will be terminated, which will give an opportunity to lease the apartments at market value.

Transaction costs

Notary fee of 1.5%.

RE purchase tax of 3.5%.

The broker's fee of 3.57%.

Location and nearby objects

The building is situated in the district of Maxvorstadt. There are supermarkets, restaurants, bars, a park, a museum, a university, public transport stops and a Metro station located within walking distance from the property.

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Anastasia Shchepetova
Anastasia Shchepetova
Real Estate Expert Tranio in Munich
+44 20 3608 1267
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