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Multi Family House in Wuppertal, Germany
8 Flat Building With An Annual Net Yield Of 10,30%!
Asking Price: 369,000 €
Directly from the owner, for sale is a beautiful building dated ca. 1960 with total 8 flats, all let.
The building is located in a quiet side street in the city of Wuppertal (population ca. 350,000).
The plot size is 242 m² and the total living space is ca. 586 m².
The flats are arranged as follows:
Souterrain: a small flat with a space of 43 m2
Ground floor (left): a flat with a space of 48,40 m²
Ground floor (right): a flat with a space of 75 m²
1st floor (left): a flat with a space of 60 m²
1st floor (right): a flat with a space of 80 m²
2nd floor: a big flat with a space of 140 m²
3rd floor (left): a flat with a space of 60 m² (currently empty)
3rd floor (right): a flat with a space of 80 m²
Total usable living space is therefore ca. 586 m2 m²
The owner has signed a contract with an advertising company, in which the house has also an ad space on its front facadé, adding a yearly rent of 400 EUR to the income from the flats.
As mentioned above, 7 of the 8 flats are currently let.
By fully let, the annual net rental income is ca. 38,000 EUR (incl. the ad space), reflecting an amazing net yield of 10.30%!.
Besides the rental costs, the tenants also pay each month directly to the landlord a fixed fee to cover all the regular ongoing costs such as: heating, water supply (cold and warm), sewage, garbage disposal, chimney sweep, property tax, snow clearing, building and liability insurnce,etc. etc.
These costs are adjusted by the landlord each year.
All the flats are rented out for an indefinite period of time.
All renters pay regularly and punctually.
This property is offered directly from the owner, saving you the costs of a real-estate agent (of course you are welcome to appoint one, if you wish).
Typical purchase costs would be around 6.50% (5% property transfer tax and around 1.50% notary’s fees), and are all paid by the buyer.
For further information, please contact the seller.
|About This Property|
|For Sale By:||Owner |
|Construction Year:||1900 |
|Area:||586 m2 || |
|Parking Spaces:||n/a |
|Pictures (click to view a larger image)|
|Contact - More Information|
|Phone: || || +49-25628168754 (Please consider European time when calling.)|
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