5.4% return! 7 apartments including parking space in the center of Neunkirchen for sale

For sale is an attractive package of apartments comprising a total of 7 units in the heart of Neunkirchen, directly beside the entrance to the city park. The total floor area of the apartments is approximately 290 m². Two of the apartments have a balcony and thus provide additional comfort and living quality. The apartments are available in different sizes, offering flexibility for different tenant needs.

Building: The building was constructed in 1998 and is in a well-kept condition. The apartments have been continuously renovated, so they are modern and well maintained.

Tenancies:

• Vacant apartments: Three apartments are currently vacant and can be rented out immediately.
• Unrestricted tenancy: One apartment is used as a practice and is leased indefinitely.
• Fixed-term tenancies: The remaining apartments are leased on a fixed term.

Finances:

• Possible total income: Ca. 31.800,00 € per year
• Yield: ca. 5,4% per year

Purchase price: € 590.000,00

Additional costs:

• Real estate transfer tax: 3,5%
• Land register entry: 1,1%
• Contract drafting
• Brokerage fee: 3 % of the purchase price + 20 % VAT = € 21.240,00

As the apartments are partially rented, viewings in these apartments are not possible on short notice. The vacant apartments can be viewed.