North West Estate - income properties in Germany
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Residential and commercial building in Naumburg (Saale)
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Location:
Naumburg (Saale) has a population of approx. 33.000 and is located in the county of Saxony-Anhalt.

Price 450 000 EUR
Sold
Property conditionrefurbished
Plot area798 m2
Property area650.50 m2
Year built1900
Year of modernization1998
Number of parking spaces10
Rented outyes
Number of residential units11
Number of commercial units1
Number of garages1
Current year’s income38 778 €
Full year’s income40 458 €
Actual yield8.62%
Potential yield8.99%


Purchase costs
Notarization6 750 €
Purchase tax22 500 €
Brokerage commission (6% excl VAT)27 000 €
Total56 250 €
Property description:

The house was built in 1900 and completely renovated in 1998. The property has 11 apartments and one commercial unit, fully rented. Almost all apartments have laminate floor, in the bathrooms floors and walls are tiled. Income can be increased by renting parking places and garage.

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