Apartment building in Berlin with an annual rental

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Apartment building in Berlin with an annual rental

5,300,000 €
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Total area: 2,730 m² Yield: 4.0% Built in 1920
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Features
  • Operating Incomе: 218,718 €
  • Land area: 1,047 m²
  • 6-floor building
  • Occupancy: 100%
  • Most recent total renovation: 2000

There is a six-storey building in Berlin-Friedrichshain.

2,730 m² of residential space on 1,047 m² area.

Description

Apartment house was built in 1920. A complete reconstruction took place in 2000, including the replacement of technical communications. The house has 42 apartments with total area from 41 to 464 m², which is now fully leased.

There is a high potential for yield growth due to the good demand for apartments in the district.

Financial performance

Absolute income is 218,718 euros.

The current yield of 4.8%.

A broker's commission is 7.14% for the property sale.

Location

The house is located in one of the most popular districts of Berlin. Friedrichshain is popular both among students and young families and the average generation with above average incomes. This area in the eastern part of the city attracts people from all over Germany and Europe after the fall of the Berlin Wall. There were numerous house and city's infrastructure renovations, newly opened boutiques, cafes and restaurants in recent years. Public transport is in the immediate vicinity from the house.

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Anna Kurianovich
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