5,32% yield - investment in charlottenburg

Description

In this well-tended and preferred location close to Richard-Wagner-Platz and the Charlottenburg Palace we can offer a nice two-room apartment. The apartment with a size of 64,50 m² on the first floor consists of two spacious rooms, a big kitchen and a full-fledged bathroom. The corridor features a handy storage possibility. The apartment is rented for a long time to reliable tenants.

The overall condition of the house constructed in 1890 is good - it was thoroughly renovated and refurbished in 1995 including facade, electric installation, plumbing and heating. Because of the good condition, no bigger works are to be expected in the next couple of years.

The location is well-connected to the traffic system. Two subway lines (U2 and U7) are in easy walking distance, and the Autobahn is just a few minutes by car away. Wilmersdorfer Straße nearby offers all shopping possibilities required for daily needs, and leisure isn't falling short either - within a radius of a few blocks, there are a swimming hall, Deutsche Oper (German opera) and Charlottenburg palace.

Net rent: 402,58 € / month

utility costs in the amount of 178,00 € / month

Warm rent: 580,58 € / month

Housing allowance: 216,00 € / month

Return on investment based on net rent: 5,4% per annum