Rental Yield: 6.6%
Apartment complex of 68 apartments and high rental yield of 6.6%
The apartment complex comprises a total of 68 units spread over seven multi-family homes. All apartments, except for the residential units on the top floor have balconies or terraces with appropriate use of the garden. Portfolio is located in a populated residential area of Iserlohn, just 10 min drive from city centre. The area around property has everything tenants may need -transport connections to the city centre, Netto supermarket, furniture shop and variety of shops and restaurants within a walking distance. Dortmund airport is only 25min away.
Units: 68 apartments
Current rent: €317,751 (factor 15)
Rentable Sqm: 4,374 sqm
Avg price per Sqm: €1,090
Avg price per unit: €70,147
Mortgage included: Opt
Apartments are available in a contemporary and sophisticated state with very low vacancy rate and bad debts. Overall, the properties have a very low repair or repair needs. The average rent is €5.91/sqm which is low compared to similar properties in area and has potential to increase to 6.68€/sqm.
KEY REASONS TO INVEST
- RENT: Fully rented with a very attractive rental yield of 6.6%.
- FULLY MANAGED: German based Property & Investment Management
Iserlohn with approximately 96,000 inhabitants is the largest city in the Märkischen circle and the Sauerland. Iserlohn is dominated by the metal processing industry. Especially in the field of machinery and steel and light metal construction. It is also the location of the Technical College of the region, attracting field specialists and students from across the country.
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