Rental Yield: 6.2%
Apartment complex of 24 fully rented units with balconies and parking spaces
The apartment complex is in the middle of a popular residential area and on high demand by local tenants. The three buildings in are in great condition and have been well maintained over the years. The heating system has been fully renewed a few years ago. Tenants has access to various restaurants, shops, gas station and supermarkets within a short walking distance making it desirable place to live.
Units: 24 apartments
Current rent: €99,770 (factor 16)
Rentable Sqm: 1,601 sqm
Avg price per Sqm: €999
Avg price per unit: €66,666
Mortgage included: Opt
Building has low maintenance costs, high occupancy rate and rent is generating constant cash surplus on an annual basis. That assures this property is predicted for stable growth in the investment value for the next years. There’s opportunity to steadily grow rental income further.
KEY REASONS TO INVEST
- RENT: Fully rented with a very attractive rental yield of 6%.
- FULLY MANAGED: German based Property & Investment Management
The city of Detmold is located in the West part of Germany, close to the industrial area Ruhrgebiet. With its 73,000 inhabitants it is the largest city in the county Lippe. The academy of music and the University of Ostwestfahlen-Lippe are located in Detmold and are important local employer together with several producers and financial service providers.
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