ID: 1436
House

Apartment house for sale Thuringia, Schlotheim, Germany

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€2,650,000

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Additional Information DESCRIPTION

You will love this residential building in Schlotheim Thuringia free land. The property consists of 200 apartments and 105 parking spaces.

Year built – 1988

Land Area –20,562 m2

Total Area – 10,454 m2

Price - €2,650,000

Revenue from the rent - €491,487.36 per year

Rate of return – 18.54%

The property is fully rented. The lease terms are long-term (from 5 to 10 years).

The house is located on the outskirts of the city in the green zone. There are a playground and public transport stop nearby.

Schlottheim town is located in northern Thuringia. It is part of the Unstrut-Heinich district. The population is about 4,000 people.

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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: Schlotheim, Thuringia, Germany
  • Land Area: 20562 m²
  • Total Area: 10454 m²
  • Sale Price: €2,650,000

Financial Information

Price
€2,650,000
Rent Income per year
€491487,36
Rent Income per month
€40957
Profitability
18,54%
Payback
5,4 years
Installment
Mortgage

Purchase Cost

Agency commission
7,14%
Tax on the purchase
6,5%%
Services notary
1%
Inventory
0,5%
Rental services
Services of the management company

Facilities

Near metro / stop
Parking place
Additional Information OTHER INFO

ATTRIBUTES

Land Area: 20562 m²
Total Area: 10454 m²
Year Built: 1988
Parking: Yes
Parking Spaces: 105
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