Fully rented apartment building in a popular central location
Price
€2,500,000
Fully rented apartment building in a popular central location
€2,500,000
~652.84 m² Total surface
~652.84 m² Living area
~312 m² Plot surface
Description
Built in 1890, this apartment building has four full floors, a converted attic, and a full basement. All ten residential units are rented and are accessed via a staircase and elevator.
Between 1996 and 1997, the attic was rebuilt and the entire property was extensively renovated and modernized, and it is now in good condition and very well maintained. During the renovation, all pipes and wiring were replaced, new plastic insulated glass windows were installed, the facades and stairwells were renovated, and new floors, including floating screed, as well as new bathrooms and kitchens were installed. The property still features various old architectural details, such as old staircases, old wooden doors, and occasional stucco elements and corresponding ceiling heights, which give the property its special charm. Heat and hot water are supplied by a gas central heating system installed in 2020.
We are located in neither a redevelopment nor a conservation area.
No redevelopment or preservation area
Central residential location
Quiet side street
Renovated
Passenger elevator
Gas central heating from 2020
Energy efficiency class D
Attic converted
Fully let
Average rent for residential property EUR12.48/m²
32943
Your advisor: Team Investment Residential and Commercial
Property ID: OI-BER-32943
Property details
Property type
Investment
Total surface
~652.84 m²
Living area
~652.84 m²
Plot surface
~312 m²
Usable surface
~652.84 m²
Target return
3.91 %
Energy efficiency information
Construction year
1890
Energy efficiency class
D
Energy certificate available
Yes
Energy certificate type
Demand certificate
Final energy demand
110.1 kWh/m²a
Location: Mitte, Berlin
The property is located in Berlin Mitte in a central prime location in the historic district of Oranienburger Vorstadt. The neighborhood owes its name to the Oranienburger Tor gate, was incorporated in 1831, and is now part of the lively Mitte district. The residential environment is characterized by a large number of predominantly renovated old buildings, many of which are prestigious townhouses. Due to its proximity to the government district, the Charité hospital, and the Federal Intelligence Service, demand for housing is very high. Shopping facilities, restaurants, cafés, and cultural institutions are plentiful on the nearby Chausseestraße. Another attraction is Torstraße, with its many new restaurants, bars, designer shops, and galleries, all within walking distance. The area is well connected to the public transport network via various bus lines operating in the immediate vicinity and the Friedrichstraße and Oranienburger Tor S-Bahn and U-Bahn stations.
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