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Apartment in Berlin, Germany

375,000 €
5,859 € /m²
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Total area: 64 m² 1 bathroom
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Features
  • Yield: 3.0%
  • Operating Incomе: 11,368 €
  • Completion in 2019.IV
  • 11-floor building
  • Notary (state registration): 1.5%
  • Acquisition tax: 6.0%
  • Total rooms: 3
  • Balcony or terrace

Three-room apartment for renting in a new residential complex near the center of Berlin.

Description

The construction will be completed by the end of 2019.

The residential complex consists of 56 studio apartments ranging from 30 m² to 33 m² and two-, three- and four-room apartments ranging from 59 m² to 84 m².

The cost of the studios ranges from 149,000 € to 199,000 € and the cost of the apartments ranges from 299,000 € to 470,000 €.

There are two commercial units on the ground floor of the building

Energy standard: KfW-55

Property of this type is sought-after for tenants. The owner gets long-term rent revenue for the low-cost investment.

It is possible to purchase a package of several apartments.

Interior

The apartment consists of three bedrooms, a spacious kitchen, combined with a dining area, a bathroom, a guest WC, a storage room, a dressing room and a balcony.

Equipment

  • fitted kitchen
  • heating floors
  • elevator

Advantages

The complex may offer at residents' disposal: a rooftop terrace and a parking for bicycles. The owners may use services of a management company, which assumes responsibilities associated with searching for tenants, singing lease agreement, property maintenance, managing, tenant communications, insurance, renovation, etc.

Financial performance

The projected annual income is 13,512 €.

The projected annual income after deducting expenses for maintenance and management is 11,368 €.

The projected yield is 3.0%.

Transaction costs

Notary (state registration) is 1.5 – 2%.

Acquisition tax is 6.0%.

The cost of ownership

The cost of the management company services is 29.75 €/month per unit.

The operating costs are 2.32 €/m² per month.

According to preliminary calculations, management and maintenance costs are 2,144 € per year.

Location

The residential complex is located in the Lichtenberg district, in a 15-minute drive from the center of Berlin (Alexanderplatz). Public transport stops, a metro station, Aldi and Netto supermarkets are situated in a walking distance from the building. Also, there are a shopping center, parks, a university, schools, a sports field and a hospital nearby. 

The airport is located in 20 km, and Berlin Main Station can be reached in 35 minutes by tram.

More properties

If this property wasn’t for you, take a look at other buy-to-let apartments for sale in Germany.

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Svetlana Larionova
Svetlana Larionova
Real Estate Expert Tranio in Berlin
+44 20 3608 1267
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