House in Germany. Rental house near Magdeburg.
Object code is 9524
Type - Apartment house
Price - 120,000 €
Price per sq.m. - 254 €
Year of construction - 1900
Year of modernization - 2018
The plot area is 509 m2
Usable area - 472 m2
Number of rooms - 7
Commercial / residential units - 5
Object status - Partially leased
The annual income is € 24,700
Yield - 20.59 %
Registration services - 8.568 €
Court costs - 1428 €
Real estate purchase tax - 7200 €
State duty (entry in the register) - 200 €
The cost, including additional costs, is € 137,396
* Data on the cost of services are not final and may change in one direction or another depending on the regional tariffs of the municipality and the notary.
Rental house near Magdeburg
An apartment house in Bernburg is offered
Exclusive direct sale!
The proposed facility is very conveniently located in the central part of Bernburg.
Bernburg is just a 35-minute drive from Saxony-Anhalt, Magdeburg.
The building is a state-protected cultural monument.
The object consists of five apartments:
• one-room apartment on the ground floor with an area of 33.48 m2
• one-room apartment on the ground floor with an area of 38.12 m2
• a four-room apartment on the second floor with an area of 96.10 m2
• one-room apartment on the attic floor with an area of 39.85 m2
• one-room apartment on the attic floor with an area of 38.38 m2
The house also has spacious basements for technical needs and for storage of tenants.
In 2001, the previous owner carried out a major renovation and reconstruction of the building under the federal real estate restoration program of the former GDR.
Plastic double-glazed windows have been installed in the windows, new communications have been laid, apartments have been re-planned taking into account the demographic situation.
Heating - central gas, installed in 2004. In 2018, the roof was updated.
If desired and necessary, a 4-room apartment on the second floor can be converted into two 1-2-room apartments, which will increase rental income.
Currently, both apartments on the attic floor are for long-term rent. Rental income is 7,500 euros per year.
To rent the other apartments, they need to make cosmetic repairs.
The amount of repair depends on the requirements and creative ideas of the new owner and can be calculated with the help of our company's specialists in a short time.
We can also arrange repairs.
The new owner can dispose of the property at his own discretion - to live in it, manage the property himself, rent it out or find a responsible manager.
Based on the average rental cost in the region, this property, with proper management, can bring about 25,000 euros in annual income.
Distance to int. Leipzig Airport: 69 km (50 min by car)
Distance to int. Berlin Tegel airport: 203 km (1 hour 50 minutes by car)
Magdeburg is the capital of the fastest growing federal state of Germany with highly developed industry and agriculture. 42.4% of the economically active population is employed in industry and handicrafts, 19.0% in agriculture and forestry.
An important junction of railways and highways, the river port on the river Elbe, near the intersection of the Middle German Canal and the Elbe-Havel canal. One of the largest industrial and trade and transport hubs in the country. Large center of heavy engineering (Magdeburg plant of heavy engineering named after Ernst Telman, plants named after K. Liebknecht, named after G. Dimitrov and others). Magdeburg presents general mechanical engineering, production of equipment for the chemical, light, food industries, agricultural machinery, instrument making, and river shipbuilding (in the suburbs of Rothensee). There is a chemical, food (sugar, meat) industry.
In addition, Magdeburg is an important cultural center, there are medical academies, higher schools of heavy engineering, special schools of applied arts, water management.
Good transport links with other cities in Germany and Europe are provided by the federal road B6, as well as the A2 and A14 motorways in the immediate vicinity of the city.
Leipzig Airport is 65 km away, Hanover International Airport is 190 km away and Berlin is 170 km away.