Apartment building, Rheinland-Palatinate, Germany

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Apartment building, Rheinland-Palatinate, Germany

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Total area: 772 m² Yield: 5.8% Built in 1958
  • Absolute return: 49,671 €
  • Land area: 553 m²
  • 4-floor building
  • Percentage of the rented area: 100%
  • Number of parking lots: 8
  • Notary (state registration): 2.0%
  • Acquisition tax: 5.0%
  • Broker: 6.0%

A four-storey residential house with commercial premises.

Description

The total area of the building is 772 m²

The living area is 460 m²

The commercial area is 312 m²

The house consists of 6 apartments (3 one-bedroom flats, 2 two-bedroom flats and 1 flat on the attic floor) and 3 commercial units.

The building was built in 1958. The house was renovated.

The purchase price of the property includes a parking for 8 cars.

All premises are leased out.

Financial performance

Absolute annual income is 49,671 euro.

The current yield is 5.8%.

Tenants

Tenants of commercial premises are a fruit shop, a barber shop and an office of the engineering company.

Transaction costs

Notary (state registration) is 1.5 – 2%.

Acquisition tax is 5%.

Brokerage fee is 5.95%.

Location and nearby objects

The apartment building is located in the central part of the city with the population of more than 35 thousand people. Public transport stops are situated within walking distance from the house.

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Sofiya Bulanova
Sofiya Bulanova
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