1 012 764 €
1 012 764 €
Year Built: 1964
Renovations:
Heating system (2022)
Electrical wiring and meters (2022)
Apartment upgrades (2021–2022)
Total Area: 556 m²
Energy Sources: Natural gas + grid electricity
Location & Features
Prime Location: Situated in a highly desirable residential area near Ruhar Park shopping center, appealing to both investors and tenants.
Amenities:
Spacious, lush garden (tenant-exclusive use).
Apartments with large balconies.
Cozy courtyard with office spaces (ideal for remote workers).
Units: 6 apartments + 4 parking spaces.
Factor (Yield Metric): 18.5
Financial Performance
Acquisition Option: Purchase via company takeover (existing loan transferable).
Required Equity: €510,879
Loan Details:
Current Balance: €470,000
Interest Rate: 1.59% | Amortization Rate: 2%
Term: Until 2025 (extendable).
Current Income:
Annual Rental Income: €33,624
Return on Equity: 6.58%
Net Yield After Interest: 3.88%
Projected Income (Full Occupancy):
Potential Annual Income: €54,744
Return on Equity: 10.71%
Net Yield After Interest: 8.01%
Investment Highlights
Turnkey Asset: Modernized systems and renovated units ensure low maintenance.
Location Premium: Proximity to Ruhar Park boosts tenant demand.
Scalable Returns: Immediate upside by finalizing leases for vacant units.