ID: 1399
House

Apartment house for sale Saxony, Ostrau, Germany

Enquire about this Property

€850,000

Enquire about this Property

Additional Information DESCRIPTION

You will love this residential building in Ostrau, Saxony free land. The property includes 41 apartments, 34 of which are rented.

Year built – 1984-1986 (overhauled in 1997)

Land Area –4,348 m2

Total Area – 2,591m2

Revenue from the rent – €101,557.68 (up to €123.859.68 if fully rented)

Rate of return – 11.95% (up to 14.58% if fully rented) 

Price – €850,000

Ostrau town is located in Saxony free land. The population of the town is about 5,000 people.

If you are interested in other properties, you can leave a request on our web site. Our representative will contact you shortly to assist you and answer the questions you might have.

Do not miss a unique opportunity to have a residential building in Germany!

Additional Information PROPERTY DETAILS
  • Type of Property: Apartment house
  • Property Type: Secondary market
  • Status: Good
  • Location: Ostrau, Saxony, Germany
  • Land Area: 4348 m²
  • Total Area: 2591 m²
  • Sale Price: €850,000

Financial Information

Price
€850,000
Rent Income per year
€101557
Rent Income per month
€8463
Profitability
11,95 %
Payback
8,3 years
Installment
Mortgage

Purchase Cost

Agency commission
7,14%
Tax on the purchase
3,5%
Services notary
1%
Inventory
0,5%
Rental services
Services of the management company
Additional Information OTHER INFO

ATTRIBUTES

Land Area: 4348 m²
Total Area: 2591 m²
Year Built: 1986
Floors in the building: 3
Enquire about this property
one of our advisors will be in touch regarding your enquiry