Small apartment building in a quiet residential neighborhood

€1,300,000
  • ~664 m² Total surface
  • ~664 m² Living area
  • ~697 m² Plot surface

Description

The property in Berlin-Mariendorf is a multi-family residence built around 1988, comprising a total of eight residential units spread across four full stories. In addition, there are six hobby rooms in the basement and five parking spaces in front of the building. Access is via a central stairwell; there is no elevator. Both technically and visually, the property is in a basic condition commensurate with its year of construction. The apartments are all designed as 3-room units, with two apartments per floor. All residential units feature two balconies or terraces, ensuring good natural light and attractive opportunities for using the outdoor spaces. Heating is provided by a gas condensing boiler system with central hot water supply, which was replaced in 2024. This modernization measure has already improved the property's energy efficiency. Overall, the property is characterized by a classic and functional building structure. Additional potential for use arises from the existing hobby rooms in the basement as well as the parking spaces on the property. Another positive aspect is that the property is not located in a protected neighborhood zone. Not a protected neighborhood Quiet residential area on the outskirts of town Traffic-calmed street Basic condition Balconies available New gas central heating Energy efficiency class F Parking spaces Average rent for residential units: 8.85 EUR/sqm 147400
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Engel & Völkers Commercial Berlin

Your advisor: Team Investment Residential and Commercial

Property ID: OI-BER-147400

Property details
  • Property type

    Investment

  • Parking spaces

    5

  • Total surface

    ~664 m²

  • Living area

    ~664 m²

  • Plot surface

    ~697 m²

  • Usable surface

    ~664 m²

  • Target return

    5.73 %

Energy efficiency information
  • Construction year

    1988

  • Energy efficiency class

    F

  • Energy certificate available

    Yes

  • Energy certificate type

    Energy Consumption Certificate

  • Final Energy Consumption

    160.33 kWh/m²a

  • Energy source

    Gas heating

Location: Mariendorf, Berlin

The property is located in Berlin's Tempelhof-Schöneberg district, in the Mariendorf neighborhood, and is part of one of the long-established residential areas in the southern part of the capital. The surrounding area is characterized by a quiet, predominantly residential layout featuring apartment buildings and tree-lined streets. Everyday amenities such as supermarkets, bakeries, pharmacies, and other shopping and dining options are within walking distance, particularly along Mariendorfer Damm. Public transportation is provided by bus routes and the U6 subway line (including Alt-Mariendorf). Additionally, there are good connections via the B96 and the nearby urban highway. Green spaces such as Volkspark Mariendorf offer opportunities for recreation.

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