The five-storey corner house in southern Berlin-Pankow.
More than 2,250 m² of residential and commercial space on 820 m² area.
Corner building constructed in 1900, consists of two wings with a courtyard between them.
The house has 3 shops on the ground floor and 28 apartments, which which are accessible via two staircases. The entrance to the underground garage for five places is located in the yard. All the units are leased.
The area of apartments varies from 52 to 96 m², apartments have good profitability with an average monthly rent of 6,65 €/m².
The house has preserved the old style wooden features: doors, handrails. The apartments have balconies. Thre is a plan to expand the attic, which plan is designed, but not yet permitted.
The object is heated via gas. Energy consumption 140 kWh/m² per year.
The object is in good overall condition, but in need of a partial renovation.
Absolute income is 177,646 €.
The current yield of 4.33%.
Approximately 1819 €/m².
Cafes, shops, restaurants, cultural and recreational buildings are available via nearby Schönhauser Allee.
Cinemaxx and the Kulturbrauere are a few minutes away.
Good accessibility of personal and public transportation either bus or train.