Three apartments for rent.
Description
Microapartments in a new residential complex. The house consists of 120 apartments. The area of the apartments varies from 19 to 40 m².
Microapartments in a modern residential complex, which is comprised of 120 flats (19 — 40 sqm).
The construction of the building will be completed in the second quarter of 2018.
Property of this type is sought-after for students-tenants and seasonable employee. The owner gets long-term rent revenue for the low cost investment.
Interior
Apartments consist of a light living-room combined with a kitchen and a dining area, and a bathroom.
Equipment
- flat is furnished;
- kitchens equipped with modern appliances.
Advantages
Owners may use services of management company, which assumes responsibilities associated with searching for tenant, singing lease agreement, property maintenance, managing, tenant communications, insurance, renovation, etc.
The payment will be paid via an escrow account with payment in installments. The bank gives a guarantee of a refund in case the construction is not completed.
Projected absolute income with a deduction of expenses on management company amounts to 17,850 €.
Projected yield of 3.5%.
The indexation of rental revenue is proportional to inflation.
It is possible to obtain bank loan for 60% of the value of the property at 1.75% per annum.
Notary (state registration) is 1.5–2%.
Acquisition tax is 3.5%.
The broker's fee of 4%.
The management costs are 1,500 € per year.
The residential complex is located in a rapidly developing area of the city. There are public transport stops, supermarkets and a shopping center situated within walking distance from the property.
