Three-room apartment for rent in a new residential complex near the center of Berlin.
The building will be completed by the end of 2020.
The residential complex consists of 56 studio apartments ranging from 30-33m² and two-, three-, and four-room apartments from 59-84m².
The cost of the studios ranges from € 149,000-199,000 and the cost of the apartments ranges from € 299,000-470,000.
There are two commercial units on the ground floor of the building.
Energy standard: KfW-55
Property of this type is highly sought after. The owner will receive long-term rent revenue for a low-cost investment.
It is possible to purchase a package of several apartments.
The apartment consists of three bedrooms, a spacious kitchen, dining area, bathroom, guest WC, storage room, dressing room, and balcony.
- fitted kitchen
- heated floors
There is the option of a rooftop terrace with parking space for bicycles. The owner may use the services of a management company, which assumes responsibilities associated with searching for tenants, signing the lease agreement, property maintenance, tenant communications, insurance, renovation, etc.
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%.
Notary (state registration) is 1.5–2%.
Acquisition tax is 6%.
The cost of ownership
The cost of the management company services is € 29.75 every 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.
The residential complex is located in the Lichtenberg district, a 15-minute drive from the center of Berlin (Alexanderplatz). Public transport, a metro station, Aldi and Netto supermarkets are within walking distance from the building. Also, there is a shopping center, parks, a university, schools, sports field, and hospital nearby.
The airport is located 20 km away, and Berlin Main Station can be reached in 35 minutes by tram.