Three rental flats.
Description
Microapartments in a new condominium. The residential house consists of 207 one-bedroom flats with the are of 19-49 m² There are a cafe and a store on the ground floor of the building.
The pucrhase price of apartments ranges from 72,650 € to 120,150 €.
Property of this type is sought-after for students and seasonal workers. The owner gets long-term rent revenue for the low cost investment.
The management company takes responsibilities for the tenant's search and management. The apartments are rented for a period of 6 to 12 months.
Interior
Apartments are consist of a light living-room combined with a kitchen and a dining area, a bathroom and a balcony.
Equipment
- the flat is furnished;
- the kitchen equipped with the modern appliances;
- parquet floorings.
Projected absolute annual income is 14,047 €.
The projected yield of 5%.
Notary (state registration) is 1.5 – 2%.
Acquisition tax is 6%.
The broker's fee of 6%.
The cost of the management company is 750 euros per year.
The condominium is located in the district of Wilmersdorf. There are shops, cafes, a Metro station and a railway station situated within walking distance from the property.