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Apartment house in Leipzig
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The object is located near center of Leipzig. Leipzig is the biggest city of the federal state of Saxony. It has around 500 000 inhabitants. Leipzig is situated at the crossing of big federal roads (A9, A14, А38). There are automobile manufactures by BMW and Porsche. DHL uses the Leipzig/Halle Airport for its European operations. Kirow Ardelt AG, the world market leader in luffing crane production, is based in Leipzig. Some of other largest employers in the area are Spreadshirt, Unister, Amazon, Siemens, TAKRAF and Verbundnetzgas.

Price 400 000 EUR
Plot area380 m2
Property area535 m2
Year built1909
Year of modernization1999
Rented outyes
Current year’s income23 696 €
Full year’s income23 696 €
Actual yield5.92%
Potential yield5.92%

Purchase costs
Notarization6 000 €
Purchase tax14 000 €
Brokerage commission (6% excl VAT)24 000 €
Total44 000 €
Property description:

The house consists of 5 floors. All flats are rented out. The object is located 10 min. from the center of Leipzig.

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