Rental flat in seven-storey residential house.
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.
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.
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.