Small apartment building, Berlin, Germany

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Small apartment building, Berlin, Germany

1,650,000 €
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  • Yield
    2.1%
  • Rental rate (m²/month)
    5 €
  • Built in 
    1989
Details
Property parameters
  • Leasable area: 540 m²
  • Land area: 802 m²
  • Total apartments: 6
  • Number of parking lots: 4
  • 3-floor building
Financial performance
  • Annual income: 34,144 €
Tenants
  • Occupancy: 65%
Transaction costs
  • Notary (state registration): 1.5%
  • Acquisition tax: 6.0%
  • Broker: 6.0% + VAT

Three-storey apartment building with a converted attic in Berlin.

Description

The apartment building includes 6 apartments with a total area of ​​540 m². The area of ​​each apartment is on average 90 m².

In 2018, in one of the apartments was renovated.

The apartments on the first floor have terraces, on the upper floors there are spacious balconies.

The house has a central gas heating system, electricity meters are installed in the basement.

The building is maintained in good condition.

Energy certificate:

main source of energy: gas

final power consumption: 145 kWh/ m²a

valid until 08.28.2028

Financial performance

The absolute annual income is 34,144 €.

The current yield is 2,1%.

The expected annual income is 62,297 €.

The expected yield is 3.8%.

The expected yield is achieved by renting two vacant flats and one parking lot.

Tenants

Two flats are vacant.

Transaction costs

Notary (state registration) is 1.5 – 2%.

Acquisition tax is 6%.

The brokerage fee is 6% + 19% VAT (in total 7.14%).

Location and nearby infrastructure

The property is located in one of the popular residential areas of Berlin, Steglitz-Zehlendorf. Bars, restaurants, shops, kindergartens, schools and public transport stops are located nearby.

The center of Berlin can be reached in 25 minutes.

Berlin is the capital of Germany with the population more than 3.9 million people.

Within EU Berlin is one of the cities with the highest business activity. About 80% of companies in Berlin work in the services sector. Several large corporations, such as Siemens, Volkswagen, Pfizer and SAP, have headquarters in Berlin.

2 airports of Berlin — Tegel and Schönefeld — serve more than 40 million passengers a year.

Today Berlin is a world cultural center and one of the most visited cities on the continent. The annual number of tourists exceeds 30 million people.

More properties

If this ad doesn't suit you, have a look at the other apartment buildings for sale in Steglitz-Zehlendorf.

All ads in the country: apartment buildings for sale in Germany.

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    Marina Filichkina
    Marina Filichkina,
    Head of Sales
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