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Multi-family building with 8 residential units in Rostock-KTV – fully rented – investment property.
Budapester Straße 35, 18057 Rostock (Kröpeliner-Tor-Vorstadt) – Mecklenburg-VorpommernThe multi-family building underwent a comprehensive and high-quality renovation starting in 2020, with completion scheduled for 2025. The property is now in a modern and well-maintained condition.
Key details of the property:
* Multi-family building with 8 residential units
* Approximately 445 m² of living space
* Approximately 471 m² of land
* Total of 19 rooms
* 9 bathrooms
* Fully basement
* All apartments are currently rented out
* District heating
* Decentralized hot water system via on-demand water heaters
* 6 out of 8 apartments also have a fireplace
* Shared and well-maintained courtyard
* No parking spaces
* No built-in kitchens
* Complete renovation starting in 2020
* Completion scheduled for 2025
Rental income:
* Current net rental income:
approximately €57,850 per year
* Potential rental income after further rent adjustments:
approximately €61,000 per year
The property offers an interesting combination of existing rental income, a modernized building, and further potential for rental income increases.
Are you interested in this house?
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Object Number
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OM-487976
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Object Class
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House
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Object Type
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Multi-family house
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Is occupied
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Occupied
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Handover from
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Immediately
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Purchase price & additional costs
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purchase price
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1.250.000 €
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Purchase additional costs
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approx. 90,205 €
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Total costs
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approx. 1,340,204 €
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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
Does this property fit my budget?
Estimated monthly rate: 4,817€
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Details
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Condition
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Rehabilitated
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Monument protection object
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Yes
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Flooring
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Vinyl / PVC
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Heating
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Central heating
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Equipment
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Garden, Basement, Fireplace
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Infrastructure
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Pharmacy, Grocery discount, General practitioner, Kindergarten, Primary school, Secondary school, Middle school, High school, Comprehensive school, Public transport
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Location
The KTV district in Rostock is one of the most popular and sought-after residential areas in the Hanseatic city. Its central location and urban environment ensure consistently high demand for housing.
Location Check
Energy
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Main energy source
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District heating
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Miscellaneous
Send a message directly to the seller
Questions about this house? Show interest or arrange a viewing appointment?
Click here to send a message to the provider:
Offer from: Katharina Köneking
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