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50,000 EUR buys 1/10 of this block (nearly 4 apartments). Net yield should be nearly 10% within 1 year. No fees to pay as you become part of a Gmbh. Block next to our own block. Existing mortgage 5.26% fixed rate for 5 years. Block price hugely reduced becuase owners need to sell. Saving of 317,000 EUR from original cost.
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Transferrable mortgage of 81,000 EUR (approx), 2.75% fixed rate until 2014. Secure tenant (wants to stay until he dies). High rent. Good Prenzlaeur Berg location. Building built 1996.
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Excellent penthouse studio in Tegel. Price 45,000 EUR. Advertised with other companies for 51,750. Existing mortgage of 36,000 fixed until 2016.
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5 good blocks and 1 needing some work (48 apartments) in Judenbach (Thuringia) built in 1992. Bank reposession. 23 let apartments producing 96,000 net rent (10.66% yield). Surveyor valuation 2.6 million EUR.
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