Herler Straße 111 in Cologne

Name: Sales in Herler Straße 111 started!
Start: 2021-07-22T13:32:07.852046+00:00
End: 2023-12-31T23:59:59+0000
Location: Herler Straße 111

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Project info

Object ID: 13079

Finished at	October 2022
Price, m²	From 6560$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 64.00 m²
Floors	4
Apartments	237
Condition	Turnkey
Construction type	Monolyth
Security	—
Conveniences	Parking Kids playground Near school Near kindergarten Near supermarket
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Personal discount certificate 300$
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Return on investment for apartment

with price

10,110$

Rental income

1,103$

Management

689$

Utilities

505$

5% Income tax

7,813$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	22%	7	40$	280$
February	28	28%	8	40$	320$
March	31	16%	5	42$	210$
April	30	16%	5	50$	250$
May	31	38%	12	50$	600$
June	30	66%	20	55$	1100$
July	31	80%	25	90$	2250$
August	31	80%	25	90$	2250$
September	30	53%	16	75$	1200$
October	31	51%	16	50$	800$
November	30	33%	10	40$	400$
December	31	32%	10	45$	450$
Total	365		159		10110$
Average		42%		55$

Total invested

419,840$

Net profit

7,813$

Payback period

41.5 years

Avg property value increase per year

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About the project

More than 200 apartments are being built between Wuppertaler and Herler Straße, 48 of which are being sold. The residential area impresses with its overall concept of architecture and modernity. Each construction site presents itself with an individual facade design. Thanks to a common color concept, the quarter appears harmonious.

The entrance area via Wuppertaler Straße shows the way to the communal areas and to construction site C. This presents 3 houses surrounded by green areas in the quieter, rear-facing area. A day-care center and a car-free indoor area with a public playground and neighborhood are being built on the site.

The undeveloped plot of land will develop into a green oasis, lined with trees and car-free, so that a protected place is created - you will certainly not want to do without this special quality again.