Apartment house 460 m2 in Imatra, all leased, yield 7% per annum. Possible credit!
Apartment house 460 (600) m2 on a private plot of 1000 m2, located 7 minutes ' drive from the border with Russia (customs passage "Svetogorsk"). Includes 4 commercial spaces and 3 residential apartments. All occupied by long term tenants.
Information on leased commercial area: 110 m2 rented for 550 EUR / month 30 m2 rented for 150 Euro / month, 54 m2 is rented for 300 euros / month, 65 m2 rented 300 euros / month.
Apartment: 4 bedroom 92 m2 rented for 650 euros / month, 4-room 75 m2 and is rented for 500 euros / month, 1 bedroom 30 m2 rented 300 euros / month.
Total rise from rent for the year is € 33,000. The cost of the owner of the building (heating, insurance, snow removal, garbage collection) - 13 000 € per year.
Profit 33 000 - 13 000 = 20 000 euros per year.
The condition is rated as good, legally the object is a Housing Joint-stock company, i.e. you can sell residential and commercial areas in parts. Possible credit for part of the purchase price. When purchasing this object, you can issue a Residence permit on economic grounds