Apartment building 785 m² in Berlin

Apartment building in the Moabit area.

Description

Apartment building includes 19 apartments with a total area of 785 m². There is open parking for 23 cars in the yard.

There is a new building potential with approx. 915 m² GFA (according to current plans of the architect).

The building is in good condition.

3 apartments are vacant.

The absolute annual income is 53,344 €.

The current yield is 1.9%.

The expected annual income is 78,003 €.

The expected yield is 2.8%.

The expected yield is achieved by renting vacant apartments and one parking space.

The property is located in the Moabit area, not far from the city center. There is a park a few minuted walk from the property. All the necessary infrastructural facilities are within walking distance – supermarkets, pharmacies, restaurants, schools and a library. The train station and metro station are approximately a 10-minute walk away.

The city center can be reached in about 15 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.