An apartment building in a quiet area.
Description
The house includes 14 apartments and a cellar.
There is a garden in the courtyard.
The building was built in 1950. In 2016, the facade was painted, and in 2017 a new fire escape was installed.
All apartments are leased by indefinite agreements.
Financial performance
Absolute annual income is 60,000 €.
The current yield of 4.8%.
Transaction costs
Notary (state registration) is 1.5 – 2%.
Acquisition tax is 6.5%.
The broker's fee of 4%.
Location and nearby infrastructure
The house is located in a quiet area of Rath. The public transport stops, a gas station and a supermarket are situated not far from the building.
