- 27,285,000 €
- 4.7% yield
- Berlin Apartment building 8,000,000 €
- Basic parameters
- Photo
№ 1,837,905
Apartment building 3,124 m² in Berlin
8,000,000 €
2,560 € /m²
- Apartments 44
- Yield 3.9%
- Constructed 1983
- Price per key —
Key project parameters
- Total area
- 3,124 m²
- Land area
- 842 m²
- Apartments
- 44
- Constructed
- 1983
Project description
Two apartment buildings in one of the most popular areas of Berlin.
Description
One of the buildings was built in 1983 and includes 35 apartments with a total area of 2,092 m², as well as 2 commercial spaces on the ground floor with a total area of 442 m². There is also a roof terrace in the building.
The second building was built in 1890 and includes 9 apartments with a total area of 590 m².
Both buildings are constantly maintained in very good condition.
Extra information
Balcony or terrace
Tenants
- Agreement
- n/a
One apartment in a building built in 1983 is vacant.
Financial performance
- Yield
- 3.9%
The absolute annual income is 311,036 €.
The current yield is 3.89%.
The expected annual income is 315,323 €.
The expected yield is 3.94%.
Location and nearby infrastructure
The property is located in Kreuzberg – one of the most popular districts of Berlin. The population of Kreuzberg is more than 150,000 people. Kreuzberg is known for its special cultural and historical atmosphere. The architecture of the district is determined by the historic stucco houses of the Wilhelmina era and the beginning of the 20th century. The area has many shops, cafes and restaurants, as well as leisure facilities, including Victoria Park with Kreuzberg Hill. The area is served by numerous bus routes, as well as metering stations ”Mehringdamm“ and ”Yorkstraße“.
The property is located next to the park and within walking distance from the metro station. Also, there are various cafes, restaurants, shops, supermarkets and a pharmacy located nearby.
The city center can be reached in about 20 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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Property maintenance and insurance
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Search for tenants, contracting, and control over rent collection
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Arrangements for bookkeeping and tax advice
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- annual yield
- From 15-17%
- investment exit horizon
- 2–3 years
- full support at every stage
- Turnkey deal
How we help investors
Analysing the needs
We use a methodology that enables us to formulate requests and find good deals in the market
Developing a strategy
We analyse all inputs and, with the help of local consultants, propose the optimal form of ownership, tax solutions, and exit strategy for the investment
Providing transaction support
We support the investor from the moment of project selection to the closing of the deal. We offer assistance at every stage, including helping to open a bank account
Helping with management
We can take over the management of your property or recommend a suitable management company
Organising property viewings
We will arrange a visit to the site to view one or more projects
Saving time
At the investor's request, we can arrange a remote purchase with the least possible visits to the country
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