Apartment house in city Dresden
709.00 sq.m., 36 bedrooms

€ 145 000

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The payback parameters

Projected annual income is 59 500,00 €.

Projected gross yield of 35.0 % per annum.

Financing is available at interest rate of 1.5-3.0 %

Description

Fantastic old building with great potential ....

The facility is partially renovated. Heating, double glazing, electric and apartment doors updated. 5 apartments completely renovated.

Features

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

Long-term contracts



Location

Erlbach since 2011, is a district of the city of Colditz in the district of Leipzig in Saxony, previously this was the district Cadres. The village is situated approximately 6 km to the East of the city of Colditz in the valley in the North-East of the village Erlebach, which flows in front of Lastau in Auerbaha.



Associated costs

Notary fee of 1.5–2.0 %.

Tax on acquisition of real estate of 3.5 %.

Commission broker and representative 2,5 %



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): 8

Seller information

Seller type Agency
Company CM-REAL ESTATE

Location of the property on the map

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