For sale right now, 5 bedrooms apartment with already tenants, in the City Centre of Lodz.
Perfect localisation – Strict City Center
Piotrkowska street.
Apartment is composed of 5 bedrooms
One bathroom with toilet and shower
One separated toilet
Total size: 65m2
Floor 2 (Building has 3 floors in total)
No lift
Building is from 1920 PLN
The apartment is in very good condition.
Plastic windows
Key numbers:
The property is for sale with 5 lease agreements generating around 36000 PLN income per year.
Monthly total rent for the 5 bedrooms: 4050 PLN
Admin fee: 1000 PLN
Total left: 3050 PLN
Annual income: 36600 PLN
Return on investment before tax: 11,62%
Apartment is after general repairs:
– plumbing,
– electricity
All rooms are currently rented by first tenants with contracts until the end of September 2018.
Property in a sensational location on the pedestrian street, ul. Piotrkowska 92. Particularly attractive for tenants due to the proximity of the university (eg Medical University, Faculty of Economics and Sociology UŁ, Academy of Music) and city attractions (clubs, cafes, etc.). Great communication point.
Excellent investment option – a certain capital investment plus stable rental income and high return on investment.
Price: 315000 PLN
Monthly Admin fee: 1000 PLN
Rental price per bedroom: 800-850 PLN (already including admin fee, 200 pln per bedroom)
Monthly income with admin fee: 4050 PLN
Monthly income after admin fee: 3050 PLN
Agency fee: 4% + VAT
