Apartment building for renovation.
Description
The total area of the building is 820 m².
Living area: 421 m²
The house consists of thirty-three apartments.
There are eight garages in the territory of the building.
Financial performance
The absolute annual income is 316,058 €
The current yield is 4%.
Transaction costs
The notary fee is 1.5 – 2%.
Tax on the purchase of real estate 3,5%.
Brokerage fee is 3% + 19% VAT (total 3,57%).
The cost of ownership
Operating costs are 9,017.52 €
Location
The property is located in the residential area of Munich. Community amenities, including public transport stops, are situated in proximity from the property.
