Small apartment building in a quiet residential neighborhood

€1,250,000
  • ~595 m² Total surface
  • ~595 m² Living area
  • ~1,021 m² Plot surface
  • Construction year 1997

Description

The property consists of a plot of land measuring approximately 1,017 m², on which a detached, three-story building with an east-west orientation was constructed around 1997. This apartment building comprises eight units, all of which are currently fully leased and accessed via a stairwell typical of the building's era. The apartments range in size from approximately 40 to approximately 90 m²; all apartments feature a balcony or terrace. The ground-floor units are duplex apartments connected via an internal staircase to the associated basement level (designated as hobby spaces on the floor plan); the two apartments on the second floor feature a loft level. From a technical standpoint, the property is in very good condition. The water, sewer, and electrical systems, as well as the building insulation, date from the year of construction. Several bathrooms have been renovated in the recent past. Heating is provided by a gas-fired central heating system with a central hot water supply. At the rear of the property, there are four parking spaces for cars as well as a small outbuilding used as a bicycle storage area. The property is in very well-maintained condition, is not a listed building, and is located neither in a neighborhood preservation zone nor in a redevelopment area. Popular residential area Very good condition Gas central heating Energy efficiency class E Four parking spaces Recreational areas Not a protected neighborhood Apartment sizes ranging from approx. 40 to approx. 90 sqm Fully leased Average rent for residential units: 9.82 EUR/sqm O50174
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Engel & Völkers Commercial Berlin

Your advisor: Team Investment Residential and Commercial

Property ID: OI-BER-O50174

Property details
  • Property type

    Investment

  • Parking spaces

    4

  • Total surface

    ~595 m²

  • Living area

    ~595 m²

  • Plot surface

    ~1,021 m²

  • Usable surface

    ~595 m²

  • Target return

    5.61 %

Energy efficiency information
  • Construction year

    1997

  • Energy efficiency class

    E

  • Energy certificate available

    Yes

  • Energy certificate type

    Energy Consumption Certificate

  • Final Energy Consumption

    132.1 kWh/m²a

  • Energy source

    Gas heating

Location: Kaulsdorf, Berlin

The neighborhood of Kaulsdorf is part of Berlin's Marzahn-Hellersdorf district and, together with the neighboring neighborhoods of Biesdorf and Mahlsdorf, forms Germany's largest contiguous area of single-family and two-family homes. The property is located on a quiet, cobblestone street. The neighborhood is characterized by well-maintained single-family homes and smaller multi-family buildings, as well as plenty of green space. Shopping options, schools, and amenities for daily needs are within walking distance. Additional shopping options and a movie theater can be found at the "Eastgate" shopping center, just a few minutes' drive away. The "Gardens of the World" and the Kaulsdorf Lakes offer numerous recreational activities. Public transportation access is excellent via various bus routes as well as the nearby "Kaulsdorf" S-Bahn station and "Kaulsdorf-Nord" U-Bahn station, allowing you to reach the eastern part of the city center around Alexanderplatz in about 25 minutes.

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