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    For Sale 2 Apartment Houses With 7,23% Return Near Dortmund

    Germany, Dortmund
    Property ID:
    B-94

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    Building area, m²
    683
    Land area, m²
    880
    Accommodation units
    10
    Construction year
    1953
    Last renovation
    2018
    Yield
    7.0 %
    Price
    € 940 000
    Property Info
    Property in operation
    Furnished and equipped
    Share deal
    Asset deal
    Property description

    2 multi-family houses
    Year built: 1953
    Renovated: 2018
    Number of apartments: 10
    Living area: 683 sq m
    Land area: 880 sq m
    Purchase price: €940,000
    Current annual rent: €59,100
    Target annual rent (+15% increase): €67,965
    Gross rental yield (current): 6.29%
    Gross rental yield (target): 7.23%
    Multiplier (actual): 15.9x
    Multiplier (target): 13.8x

    Agency/brokerage agreement is signed prior to visiting all the properties. Commission depends upon particular country and region.
    It is also necessary to submit presentation of your company and official Letter of Intent (LOI) for due diligence procedure.

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