Five apartments for rent to students in a new residential complex in Berlin-Mitte.
Description
The residential complex includes three buildings.
Apartments are rented in a medium-term lease for 6–12 months.
The residential complex consists of 334 apartments ranging from 19 m² to 30 m².
The cost of apartments ranges from 147,000 € to 237,000 €.
Energy standard: EnEV 2016
Property of this type is sought-after for tenants. The owner gets long-term rent revenue for the low cost investment.
The projected annual income after deducting costs for the management company is 32,376 €.
The projected yield of 3.7%.
Notary (state registration) is 1.5 – 2%.
Acquisition tax is 6.0%.
The brokerage fee is 5,95%.
The cost of the management company is 2,964 € per year.
The residential complex is located in the city center, in a 4-minute walk from the U-Bahn station. A supermarket, a pharmacy and many attractions of the city are located not far from the property.
Distance to important sites:
- Humboldt University of Berlin — 3.5 km (5 U-Bahn stations)
- Charite Community Complex — 2.6 km (3 U-Bahn stations)
- Museum Island — 3 km
- Hackescher Markt — 3 km
- Alexanderplatz — 4 km
- Humboldt-Hahn National Park — 500 m
- Central railway station — 2.5 km
According to statistics, Berlin enjoyed one of the highest rent increases. In the first half of 2016, there was an increase of 7%. In addition, the influx of students in Berlin is constantly growing. As a result, there is a shortage of student apartments. Of about 200,000 students, only about 7% find a place in such a facility.