Apartment building after complete renovation in Stuttgart.
Description
The building with a total living area of 517 m² includes 14 apartments and 4 garages:
- 2 three-room;
- 4 two-room;
- 8 one-room.
The area of the apartments varies from 17.8 to 65.3 m².
The property has been completely renovated:
- replacement of windows
- installation of new water and sewer pipes
- replacement of electrical wiring
- heating system renewal
- restoration of the facade
Eleven apartments have been completely renovated (including bathrooms) and rented out to new tenants.
The building was fully renovated in 2018.
The annual income is 120,000 €.
The yield is 4.4%.
Notary (state registration) is 1.5 – 2%.
Acquisition tax is 5%.
Brokerage fee is 4% + VAT 19% (total 4.76%).
The building is located in one of the most popular residential areas of Stuttgart. A few minutes from the house there are chain grocery supermarkets, household store, pharmacies, cafes, as well as kindergartens and schools. The nearest public transport stop is just 100 meters away.
Stuttgart is the capital of Baden-Württemberg, one of the most important industrial and cultural centers of Germany. More than 630 thousand people live In Stuttgart (the 6th largest city in the country). The city with its agglomeration (5.3 million people) is one of 20 metropolitan areas with the largest percentage of gross domestic product in Europe.
Stuttgart is an important transport hub of Germany with an international airport (capacity of 11.8 million) and a railway station (traffic flow of 220k per day).
