Apartment house in city Magdeburg
4628.00 sq.m.

The payback parameters

Projected annual income is 322 351,00 €.

Projected gross yields of 4.7% per annum.

Financing is available at interest rate of 1.5-3.0 %

Description

This interesting real estate portfolio consists of 5 properties in Saxony and Saxony-Anhalt, a total of 80 residential units and 2 commercial square 4728,42 m2.

At present, the annual income from rent is 285 euros 189,24. The target annual rental income is 322 351,32€.

House 1 - Magdeburg

Residential and commercial building has a total area of 2773 m2 and consists of 2 commercial units and 49 residential units. The building was built in 1901, reconstruction was held in 1992.

Annual rental income amounts to: 178 890,36 euros.

Potential annual rental income : 205 158,36 €

House 2 - Weissenfels

Residential building with total area of 399,15 m2, built in 1900 and consists of 6 houses. Renovation took place in 1992.

Annual rental income is: 16,468,80 €

Potential annual rental income: 20 308,80 €

House 3 - Leipzig

Residential house has total living area of 450 m2 and consists of 8 residential units. Built in 1910, renovated in 2006.

Annual rental income amounts to: € 19 704,00

Potential annual rental income: 26 736,00 €

House 4 - Leipzig

This is a residential building, built in 1918, has a total area of 525,27 m2 and consists of 8 houses. Renovation took place in 1997.

Annual rental income amounts to: € 112,32 27

Potential annual rental income: 33,134,40 €

House 5 - Leipzig

Residential building with 11 residential units has a total area of 581 m2. Year built - 1996.

Annual rental income is: 43 013,76 €

Potential annual rental income: 43 013,76 €

Features

Potential increases in profitability 2,0 - 3,00 %

Long-term contracts



Associated costs

Notary fee of 1.5–2.0 %.

Tax on acquisition of real estate 3,5% -5,0 %

Representative Commission is 2.5 %* (1.0% to the signing of the contract of purchase and sale a 1.5% after)



The costs of owning

Cost of services the management company is 23,00 € per month for an apartment.

Operating costs comprise of 2.32 €/m2 / month.


In case you are interested in this and the other proposed to review us objects You can leave us a request. Employees of the company CM REAL ESTATE will contact You shortly and provide to Your attention the objects that match Your request.

For privacy reasons, and in accordance with the terms of the owner object photos will not be posted. All additional information on objects off market on request.After signing with us the preliminary agreement, you can get more information on this project, including documentation and real photos of the object.

The Object number in the database (ID): 27