A well-maintained older building with plenty of potential for development in Wedding

Built around 1900, the residential and commercial building a features 16 apartments and two commercial units on the ground floor and in a coach house in the courtyard. The property is fully leased. The commercial spaces are currently leased by a tax office and a handyman service. The units are distributed across five full stories each in a front building and a side building and are accessed via two well-maintained stairwells. Numerous period details, such as a grand entrance to the front building, historic doors, stucco ornamentation, and corresponding ceiling heights, are still intact. The units are heated by a new gas central heating system installed in 2022. Hot water is supplied decentralized via instantaneous water heaters; three units are still equipped with gas combi-boilers. The apartments are in good condition and, due to their size, are particularly popular with young families, couples, and singles. The property has been continuously maintained in recent years. The apartments were renovated and modernized whenever there was a change in tenants. Overall, the property is in good general condition. The property is located in the "Leopoldplatz" neighborhood preservation district. "Leopoldplatz" Preservation District Central location Fully leased Central gas heating installed in 2022 Garages available Well-maintained courtyard Historic architectural details Well-maintained overall condition Average residential rent: 6.54 EUR/m² Average commercial rent: 11.34 EUR/m² 31638