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ID: 1540
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Quoting Reference Number:
EW RealEstate- 1540
DESCRIPTION
You will love this charming multi-family residential house in Burg Stargard, Mecklenburg-West Pomerania Federal Land
The property includes 32 apartments.
Area – 1,680 m2
Price – €600,000
Current revenues from the rent – € 60,000 per year (up to € 70,000 if fully rented)
Current Rate of return – 10% (up to 11.67% if fully rented)
Burg Stargard is a German town located in Mecklenburg-West Pomerania. It belongs to the administrative district of Penzliner Land. The population of the town is 5,000 people.
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PROPERTY DETAILS
- Type of Property: Apartment house
- Property Type: Secondary market
- Status: Good
- Location: Burg Stargard, Mecklenburg-West Pomerania, Germany
- Living Area: 1680 m²
- Total Area: 1680 m²
- Sale Price: €600,000
Financial Information
Price
€600,000
Rent Income per year
€60000
Rent Income per month
€5000
Profitability
10%
Payback
10 years
Installment
Mortgage
Purchase Cost
Agency commission
7,14%
Tax on the purchase
5%
Services notary
1%
Inventory
0.5%
Rental services
Services of the management company
Facilities
Apartment house
OTHER INFO
ATTRIBUTES
Living Area: 1680 m²
Total Area: 1680 m²
Floors in the building: 4
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