Two residential houses.
Description
The houses consist of 16 apartments. The apartment sizes span between 51 m² and 70 m².
Some apartments have balconies. One apartment has an access to the terrace.
There is a garden in a courtyard.
There is a laundry in the basement.
All apartments are rented.
The building was built in 1959. The houses are repaired as necessary.
Equipment
- PVC windows
- intercom
- central gas heating system
Financial performance
Absolute annual income is 70,000 €.
The current yield of 7.4%.
Transaction costs
Notary (state registration) is 1.5 – 2%.
Acquisition tax is 6.5%.
Brokerage fee is 5.95%.
Location
The houses are located in the northern part of Essen, close to public transport stops. The Essen University is situated in a few-minute drive from the buildings.
