| Type | Block of flats |
|---|---|
| Living area approx. | 400 m² |
| Year built | 1955 |
| Available from | Nach Vereinbarung |
|---|---|
| Heating | Central heating |
| Fuel type | Gas |
| Plot area | 290 m² |
|---|---|
| Type of energy certificate | Energy consumption |
| Floors in the building | 3 |
| Energy figure includes hot water | Yes |
| Rental income | 42.000 € |
| Purchase price | 689.000 € |
|---|---|
| Price per m² | 1,722.50 €/m² |
| Commission | no commission for buyers |
Calculate using this listing's purchase price. Every assumption is editable and all figures are non-binding estimates.
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More financing calculators and assumptionsFor sale is a well-maintained apartment building from a real estate portfolio that has been privately owned for over 20 years. The property was built in 1955 and comprises 8 residential units. The rentable apartment sizes of approx. 50 m2 ensure strong tenant demand. There has been no vacancy in recent years. All apartments are rented to long-term tenants. The property currently generates annual net cold rent of EUR 42,000.00. At a purchase price of EUR 689000.00, this corresponds to a gross rental yield of 6.10%. Through moderate rent adjustments, the gross rental yield could potentially be increased to 7.00%. In combination with its good location, this makes the building a solid investment. The sale is commission-free.
The building is in well-maintained general condition and has been continuously maintained. Heating is provided by a Viessmann gas central heating system. The windows are double-glazed and fitted with roller shutters. Each tenant has their own cellar room. The property is complemented by a beautiful garden.
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The house is located on a quiet but centrally located residential street (30 km/h zone). All facilities for daily needs are within walking distance. The local recreation area Beller Park and the Schmölderpark are also in the immediate vicinity.
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