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    Buy-to-let apartment – Munich, Bavaria, Germany

    576,000 €
    • Yield 1.4 %
    • Annual income: 8,208 €
    • Total area 64 m²
    • Built in 1950
    • 7-floor building
    • 5 floor
    • Notary (state registration): 1.5 %
    • Acquisition tax: 3.5 %
    • Broker: 3.6 %
    • Total rooms: 2
    • 1 bedroom
    • 1 bathroom

    Rental flat in seven-storey residential house.

    Description

    Total area of apartment is 64 m²

    Two-bedroom flat situated on the fourth floor of the building. Apartment consists of entrance hall, living room, kitchen, bedroom and bathroom.

    There are 19 apartments and 1 commercial unit in the house.

    Building was renovated in 2005. The staircase, balconies, facade were refurbished, new mailboxes and video intercoms were installed.

    Financial performance

    Absolute annual income is 8,208 €.

    The current yield of 1.4%.

    Current lease agreements with residents were concluded in the 90s. Soon, contracts with some residents will be terminated, which will give an opportunity to lease the apartments at market value.

    Transaction costs

    Notary fee of 1.5%.

    RE purchase tax of 3.5%.

    The broker's fee of 3.57%.

    Location and nearby infrastructure

    The building is situated in the district of Maxvorstadt. There are supermarkets, restaurants, bars, a park, a museum, a university, public transport stops and a Metro station located within walking distance from the property.

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