***SOLD***
For sale, in Warsaw, near future metro station:
The apartment is located in Targówek, 350 meters (4 minutes on foot) from the Kondratowicza metro station, which is to be delivered in 2021. The proximity to the metro makes the location very attractive for tenants, but also allows an increase relative value of real estate over time.
About the apartment:
Legal form of the apartment: full ownership
Building year: 1990
Located on 2nd floor (2 of 10)
Urban heating
Size: 54.90m2
Monthly charges: 650 PLN + electricity + internet (about 800 PLN per month)
The apartment consists of 4 large single bedrooms, a separate kitchen with a window, a fully equipped bathroom and a large hallway.
The bedrooms are fitted with comfortable sofas with sleeping and storage for bedding, large three-door wardrobes, dressers, desks, chairs and one of them with an additional bookcase. All bedrooms also have curtains.
In the hallway, there is a large wardrobe, a coat rack, and a shoe cabinet.
It is also equipped with a washer-dryer.
Financial data:
The sale price is PLN 610,000 divided as follows:
580,000 PLN on a notarial deed + an invoice of 30,000 PLN for furniture.
This reduces the notary fees.
The current rental income is PLN 4,950, including monthly cost of PLN 800.
All rooms are rented until the end of September 2020.
Investment:
PLN 610,000
Notary: 15,080 PLN
Rent:
4,950 PLN – 800 PLN: 4,150 PLN
ROI before management and broker fee on the transaction:
About 7,9%
ROI with management and broker fee on the transaction:
It is possible to have make this investment totally passive. You can hire a property management company.
It will cost 15% of monthly income
4150 x 12 months
PLN 3,527.50 rent received after rental management.
Revenue generated per year: 41,330 PLN
ROI: 6.50%
Virtual visit: https://wnetrza3d.pl/realizacje/indywidualny/malborska-3324/
As a real estate agency, we charge a commission fee.
Contact us to organise a viewing of the property and discuss all the details regarding this investment.
Are you looking to invest in real estate in Poland?
Just contact me right now:
+48 664 937 338
or
nicolas@thefox.pl
