ID: 1399
House

Apartment house for sale Saxony, Ostrau, Germany

EW Real Estate
Kurfürstendamm 45 Berlin
Telephone: +49 30 47365973
€850,000
EW Real Estate
Kurfürstendamm 45 Berlin
Telephone: +49 30 47365973
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
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