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Well maintained Complex 60 apartments with annual net NET INCOME 7,39% pa

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€ 2,695,000 3,873 m² Code DB393903

Description

The well-kept residential complex was built in 1973 fully built. It consists of 5 houses and 60 apartments. The average home has a passenger lift. As of 1996, the facades have been insulated and renewed the rooftops. Approx. 50% of the apartments have been extensively modernized in recent years. The sizes range from 37 m² - 98 m² and are 1,5 - 4,5 rooms divided with balcony. Behind the houses there is the garden plot with emergency access road. Services such as the maintenance of the grounds, winter maintenance and janitorial services are regulated. Further potential lies in 2015 with the end of the public aftereffect period as well as the rental of the 26 parking spaces and four apartments (Construction application is running).

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Price per m² € 696
Neighborhood Rest of Rest of Germany (Rest of Germany)
Zone Residential zone
Rooms 60
Construction year 1973
Levels 5
  • Investment
  • Road type: Asphalt