Revenue house 699 m² in North Rhine-Westphalia, Germany

Germany Federal State North Rhine-Westphalia, Essen Student Hostel Student Hostel is just a 15-minute walk from Essen's historic center, in the Nordstadt area, next to one of the largest universities in Europe, Duisburg-Essen ( more than 37 thousand students ). Near the hostel there are all the necessary infrastructure facilities ( cafes, restaurants, pharmacies, public transport stops ), a park, a university campus. Year of construction of the building: 2019 Land area: 453m2 Living area: 699.75m2 Heating: gas The building has an elevator 4 floors + attic floor of 10 apartments designed for 30 people: 1 apartment ( 1 person in the apartment: 450 € / month ) 7 apartments with 3 rooms ( only 3 people in each apartment: 330 € / month. × 3 × 7 = 6930 .) 2 apartments with 4 rooms ( only 4 people in each apartment: 330 € / month. × 4 × 2 = 2640 € / month ) There are a sufficient number of parking spaces in the courtyard of the building. In addition, there are 6 garages that can be rented for 50 € / month. The design, construction and decoration of the building is made taking into account high energy, technical and environmental standards. Rental income: 120,000 € / year Return on its capital: 4.3% per annum Price: 2,800,000 €