| Living area approx. | 1078 m² |
|---|
| Plot area | 584 m² |
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| Purchase price | 1.550.000 € |
|---|---|
| Price per m² | 1,437.85 €/m² |
| Commission | 110.670,-€ |
Calculate using this listing's purchase price. Every assumption is editable and all figures are non-binding estimates.
The initial payment is estimated as loan amount × (interest + repayment) ÷ 12. Individual lending terms, special repayments and further fees are not included. Tax, notary and agent costs may differ in your case. This is not a financing offer or financial advice.
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More financing calculators and assumptionsThe property comprises a 583.84 m² plot in solid construction. The fully basemented building (front building and rear building) extends over 4 storeys. The well-maintained exterior shell has a classic yellow-beige paint finish.
In 1998, the property was extensively modernized and renovated. The work included the building services, access development as well as the entire interior fit-out. Double-glazed insulated windows are installed on all sides. Heating is provided efficiently via a central gas heating system.
The total usable floor area of around 1,078 m² is divided into 15 residential units. The current rental structure (actual) at a glance:
- 1-room apartments: 1 unit | avg. €6.00/m² (range: €6.00–€6.00/m²)
- 3-room apartments: 12 units | avg. €6.60/m² (range: €6.00–€6.97/m²)
- 4-room apartments: 2 units | avg. €6.89/m² (range: €6.59–€7.22/m²)
The current monthly rent amounts to €6,695.00, corresponding to an actual return of 5.18%. The rent level is below the current market average for Magdeburg (Alte Neustadt). The reviewed increase scenario предусматривает an adjustment in the residential sector through legally permissible increases as well as the re-letting of the currently vacant, move-in-ready 3-room apartment on the 3rd floor (target rent: €501.60). This increases income to €7,196.60/month (target return: 5.57%) and, with full utilization of the statutory cap of up to 20%, offers a maximum increase potential of up to €8,074.40/month, optimizing the return to 6.25%.
The property impresses with normal-quality features in renovated condition. The residential spaces offer modern wood-look laminate or textile flooring as well as smooth-plastered, white walls. Functional balcony structures made of galvanized steel are installed on the courtyard side. The bathrooms are tiled and equipped with a bathtub or shower depending on the unit. The common areas, the classic staircase with wooden railing, and the paved inner courtyard with bicycle parking spaces leave a well-kept impression.
" fresh, committed, solid "
Künne Immobilien Gruppe is a professional service provider in the real estate industry and is at your disposal in the areas of project development, sales, rentals, administration and facility management.
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