Apartment building 1,404 m² in Berlin

Apartment building in good condition.

Description

The apartment building includes 23 apartments with a total area of ​​1,293 m² and a commercial space on the ground floor with an area of ​​111 m². The apartments have balconies overlooking a quiet and green street.

The attic floor in the front building was converted for residential use in the mid-1990s. However, the attic floor of the side wing was not converted at this time, and may offer development potential; this has not yet been officially verified.

The residential units are predominantly heated by self-contained gas central heating systems, although five units are connected to a single gas central heating system located in the attic. Two further units are still equipped with stove heaters.

In the 1990s, the rising mains and electrical lines were refurbished.

4 flats are vacant.

The absolute annual income is 111,360 €.

The current yield is 3.2%.

The expected annual income is 123,648 €.

The expected yield is 3.5%.

The property is located in the district of Reinickendorf. The population of Reinickendorf exceeds 260,000 people. The area is served by metro stations U6, U8 and S1, S25 S-Bahn stations. One of 3 Berlin airports — Tegel — is located in Reinickendorf district.

With many pre-war buildings featuring elaborately renovated stucco facades,

this residential area has pleasantly quiet streets lined with chestnut and lime trees. The direct proximity to Tegel Lake and the Tegel Forest have brought a high demand for commercial and residential space.

Various shops, cafes, restaurant, high school and cultural facilities are located nearby.

Public transport options (urban railway, underground, buses) can be reached on foot in the immediate vicinity. The entrance to the Berlin city motorway is located a mere five minutes away from the property by car.

The city center can be reached in about 45 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.