The historic building consists of 35 apartments and 3 commercial units.
There is a an inner courtyard and a backyard.
Apartment equipment:
- gas abd electric water heaters
- parquet
- wooden double-glazed windows
The current rental income is 149,161 €.
The current yield is 2.98%.
The expected rental income is 200,879 €.
The yield is 4.02%.
The commercial units are fully let.
Currently, 5 apartments are not let due to unfinished renovation.
The property is located in Wedding district.
Berlin is the capital of Germany with the population more than 3.9 million people.
Within EU Berlin is one of the cities with the highest business activity. About 80% of companies in Berlin work in the services sector. The city is home to large corporations such as Siemens, Volkswagen, Pfizer and SAP.
Today Berlin is a world cultural center and one of the most visited cities on the continent. The annual number of tourists exceeds 30 million people.
Berlin-Brandenburg Airport serves over 20 million passengers annually.