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Apartment house
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Location:
The facility is located in a small town with the population about 25 000 inhabitants near Zwickau. Zwickau has approximately 97 000 inhabitants and is located in the federal state of Saxony. It belongs to an industrial and economical core region. Zwickau, known as the city of Automobiles, is the cradle of the Saxon automotive industry with an over one hundred year old tradition. The city has a long history of automotive development and automobile industry along with Auto Union. Well known beyond Germany's borders are trademarks such as Horch, Audi, Trabant and Volkswagen. The West Saxon University of Applied Sciences of Zwickau (Westsächsische Hochschule Zwickau) has always been an important centre for education and training of automotive engineers. Most of its graduates do not leave the city, but stay in Zwickau to work at the automobile manufactures.

Price 168 000 EUR
Sold
Plot area290 m2
Year built1907
Year of modernization1997
Rented outyes
Number of residential units9
Current year’s income18 484 €
Full year’s income18 484 €
Actual yield11%
Potential yield11%


Purchase costs
Notarization2 520 €
Purchase tax5 880 €
Brokerage commission (6% excl VAT)10 080 €
Total18 480 €
Property description:

The property is located in the excellent quiet green area. The building has 9 apartments which are leased and bring stable income. The house is in good condition. The modernization was carried out in 1997.

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