№ 1,837,721

Apartment building 1,271 m² in Berlin

5,000,000 €
3,933 € /m²
  • Apartments 23
  • Yield 3.8%
  • Constructed  1952
  • Price per key —
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Irina Pchelinova
Irina Pchelinova
Investment consultant in Berlin
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    Key project parameters
    Total area
    1,271 m²
    Land area
    771 m²
    Apartments
    23
    Number of parking lots
    9
    Floors
    5
    Constructed 
    1952
    Project description

    Apartment building with preliminary construction permit for addition of

    further story of 280 m².

    Description

    The apartment building includes 23 apartments with a total area of ​​1,006 m² and two commercial spaces on the ground floor with a total area of ​​265 m². There is also parking for 9 cars.

    The flats have smaller, highly rentable sizes of between 37 and 42.5 m².

    In 2008/2010, extensive renovation measures were carried out on the property. These included the centralization of the electrical system, facade insulation on the courtyard and street sides, the complete replacement of the windows with new synthetic insulating glass windows, the renovation of numerous residential units and the installation of a new gas central heating system with central hot water processing.

    The property presents itself in an average but well-tended maintenance condition.

    Tenants
    Agreement
    n/a

    Fully leased.

    Financial performance
    Yield
    3.8%
    Request a personalised calculation
    Location and nearby infrastructure

    The property is located in one of the most popular residential areas of Berlin, Schöneberg. Shops for everyday products can be found nearby. Various restaurants as well as a farmers market are within walking distance from the property. Three parks are also within walking distance from the property.

    The area has good transport links – there is a metro station, bus stop and railway station near the property. There are also entrances on two highways located nearby.

    The city center can be reached in about 25 minutes.

    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. Several large corporations, such as Siemens, Volkswagen, Pfizer and SAP, have headquarters in Berlin.

    2 airports of Berlin — Tegel and Schönefeld — serve more than 40 million passengers a year.

    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.

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    Tranio helps to manage property after purchase

    Our local team at Tranio in Germany will take up property management or recommend professional German partners.

    The terms and conditions of our engagement depend on the condition and location of the property and are to be discussed in each particular case.

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    Diversify your portfolio - invest from $1 million in the construction of residential complexes in Dubai
    annual yield
    From 15-17%
    investment exit horizon
    2–3 years
    full support at every stage
    Turnkey deal
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