7 more images below... |
Multi Family House in Uebigau-Wahrenbrück, Brandenburg Germany Investment Property With Extremely High Rental Yield! Asking Price: 53,000 € For sale is this 2 storey, 4 flat investment property, located in the charming town Uebigau-Wahrenbrück (population ca. 6,000) in the state of Brandenburg, Germany.
Each floor of this house accomodates 2 flats.
All 4 flats are same in size, 59,50 m2, totaling 238 m2.
Parcel size is 594 m2.
Currently, 3 of the 4 flats in the object are rented out.
Each tenant also has a garage and an extra storage space.
Each flat is currently rented for ca. 190,- Euro net each month.
Each garage is currently rented out for ca. 23,- Euro per month.
Current net rental income from the rented 3 flats is therefore 639,- Euro per month or 7668,- Euro per year, which reflects an amazing 14,47% of the buying price(!).
When all 4 flats are rented, the yearly net rental income will jump to ca. 10240,- Euro, which reflects ca. 20% net yield!.
The tenants also pay service costs each month, on top of the above mentiond amounts, to cover all the basic utilities (such as gargbage disposal, street and snow cleaning, water, sewage, chimey sweep, house and liability insurances and property tax).
This object is renovation needy and is perfect for someone with a pair of good working hands.
There is some mould in places and the empty flat sould still be renovated before renting.
The new owner could also move in and live in the currently empty flat and still enjoy the steady income from the other 3 flats.
This object is for sale directly from the owner, which means that you don't need to pay any agents fees and is priced for a quick sale.
The buyer only needs to pay the notary fees (ca. 1.50%), entries to the land register and the property transfer tax (5%).
 | | About This Property | |
| Category: | | Investing/Development | | Address: | | Torgauer Str. 29c
Uebigau-Wahrenbrück
Brandenburg 09438
Germany | | For Sale By: | | Owner | | Construction Year: | | 1960 | | Needs Renovating: | | Yes | | Area: | | 238 m2 | | | Bedrooms: | | n/a | | Bathrooms: | | n/a | | Sleeps: | | n/a | | Stories: | | n/a | | Parking Spaces: | | n/a | |
| | Pictures (click to view a larger image) | |
| | Contact - More Information | |
| | David | | | | Phone: | | +49-25628168754 (Please consider European time when calling.)
|
|
| | Search More Listings | |
|
