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Small apartment - lucrative investment 6.5% yield
42107 Wuppertal (Elberfeld) – Nordrhein-WestfalenOn offer is a 1-room apartment approx. 37 sqm located on the 2nd floor of an old building from 1899. The apartment consists of 1 room, kitchen, bathroom and hallway. The storage room in the stairwell and a cellar are also included.
The apartment was renovated and rented out around 2 years ago. The basic rent is 300 euros/month. This corresponds to a yield of 6.5%. Further rent increases have already been agreed.
The house rent is currently 210 euros/month. Of this, approx. 80 euros are not apportionable and approx. 130 euros are apportionable to the tenant.
The pictures show the apartment before renovation and letting.
Are you interested in this apartment?
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Object Number
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OM-366265
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Object Class
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apartment
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Object Type
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apartment
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Is occupied
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Occupied
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Handover from
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by arrangement
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Purchase price & additional costs
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purchase price
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55.000 €
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Purchase additional costs
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approx. 4,888 €
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Total costs
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approx. 59,887 €
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HOA fee
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210 €
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Breakdown of Costs
* Costs for notary and land register were calculated based on the fee schedule for notaries. Assumed was the notarization of the purchase at the stated purchase price and a land charge in the amount of 80% of the purchase price. Further costs may be incurred due to activities such as land charge cancellation, notary escrow account, etc. Details of notary and land registry costs
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Estimated monthly rate: 218€
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Details
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Condition
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renovated
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Number of floors
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4
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Level
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2nd floor
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Usable area
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2 m²
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Bathrooms (number)
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1
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Bedrooms (number)
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1
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Flooring
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laminate, vinyl / PVC
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Heating
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central heating
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Year of construction
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1899
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Equipment
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basement, shower bath
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Infrastructure
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pharmacy, grocery discount, general practitioner, kindergarten, primary school, public transport
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Location
The apartment is centrally located, approx. 700 meters from the center of Wuppertal (with City-Arkaden, cinema, town hall, museum, Galeria Kaufhof, St. Josef hospital, etc.) and approx. 1 km from the main train station. There are several restaurants, cafés, supermarkets, schools and a sports hall next to the building.
Location Check
Energy
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Energy certificate type
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not legally required
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Main energy source
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gas
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Miscellaneous
The apartment is located in the front building. The rear building is unoccupied and is to be demolished. The demolition costs are divided in proportion to the
shared ownership and paid by special apportionment. The share of this apartment could amount to approx. 6,000 - 8,000 euros.
Broker inquiries not welcome! According to § 7 UWG, unsolicited contact by brokers without the express consent of the recipient is prohibited!
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Offer from: Privat
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