ID: 1855
House

Profitable object for sale Gelsenkirchen, Germany

Complex of 3 profitable residential houses in North Rhine-Westphalia. Profitability 6,4%

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€1,250,000
Complex of 3 profitable residential houses in North Rhine-Westphalia. Profitability 6,4%

Enquire about this Property

Additional Information DESCRIPTION
We bring to your attention three apartment buildings located in the city of Gelsenkirchen (land - North Rhine-Westphalia).

The total area of these houses is about 1.000 square meters, in which 17 apartments are located.

All houses were renovated in 2016.

Cost - 1.250,000 euros
Rental income - about 80,000 euros / year

Gelsenkirchen is a city of land subordination in the west of Germany, in the state of North Rhine-Westphalia. Located in the northern part of the Ruhr region, it is part of the administrative district of Munster. The population is more than 260 thousand people. At present, in Germany and abroad, Gelsenkirchen is known primarily as the birthplace of the Schalke 04 football club. The Ruhr Musical Theater with a capacity of 1,005 spectators can be called the largest cultural attraction.
Additional Information PROPERTY DETAILS
  • Type of Property: Profitable object
  • Property Type: Secondary market
  • Location: North Rhine-Westphalia, Gelsenkirchen, Germany
  • Sale Price: €1,250,000

Financial Information

Price
€1,250,000
Guaranteed rent
Rent Income per year
€appr. 80000
Profitability
6,4%
Payback
15,6 years
Installment
Mortgage

Purchase Cost

Agency commission
7,14%
Tax on the purchase
5%
Services notary
1%
Services of the management company

Facilities

Apartment house
Additional Information OTHER INFO

ATTRIBUTES

Condition: renovated in 2016
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