Residential and commercial building with a spacious garden

€1,500,000
  • ~885 m² Total surface
  • ~730 m² Living area
  • ~1,103 m² Plot surface
  • ~155 m² Shop surface
  • Construction year 1913

Description

This residential and commercial building is a classic Berlin historic property located in the established residential neighborhood of Karlshorst. In addition to the residential units, the property includes two commercial units on the ground floor. Most of the ten apartments feature classic hardwood floors. Wooden double-hung windows are installed on the street side, while the windows facing the courtyard are primarily made of plastic double-pane insulated glass. One apartment underwent extensive renovation in 2017. The remaining units were repaired as needed when tenants moved out and are generally in decent condition, appropriate for their age. The balconies were renovated in 2016 and sealed with cast resin. Heating and hot water are provided decentrally via gas-fired individual heating systems (combination boilers). The piping and electrical systems were replaced in the 1990s. The electricity meters are located centrally in the basement. The attic was converted in the mid-1990s and features three apartments with spacious rooftop terraces. The property also includes a spacious and charming garden area with a coach house that is rented out as residential space. The courtyard has a total of six parking spaces, four of which are rented out separately, one is part of an existing lease, and one is currently vacant. The property is not located in a conservation district. Well-maintained No environmental protection Gas-fired individual heating systems Energy efficiency class D Six parking spaces Charming and spacious garden Converted attic Average commercial rent: 6.39 EUR/sqm Average residential rent: 8.61 EUR/sqm 148856
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Engel & Völkers Commercial Berlin

Your advisor: Team Investment Residential and Commercial

Property ID: OI-BER-148856

Property details
  • Property type

    Investment

  • Parking spaces

    6

  • Total surface

    ~885 m²

  • Living area

    ~730 m²

  • Plot surface

    ~1,103 m²

  • Shop surface

    ~155 m²

  • Usable surface

    ~885 m²

  • Target return

    5.93 %

Energy efficiency information
  • Construction year

    1913

  • Energy efficiency class

    D

  • Energy certificate available

    Yes

  • Energy certificate type

    Energy Consumption Certificate

  • Final Energy Consumption

    108.5 kWh/m²a

Location: Karlshorst, Berlin

The property is centrally located in the Karlshorst neighborhood of Berlin's Lichtenberg district. The surrounding area is characterized by a well-established mix of older buildings, smaller apartment buildings, and mixed-use residential and commercial structures, giving it a mature, predominantly residential character. The immediate vicinity offers numerous shopping options and amenities for daily needs, as well as restaurants and other services. The nearby Karlshorst S-Bahn station, together with tram and bus connections, ensures excellent access to public transportation and downtown Berlin. At the same time, Karlshorst offers a pleasant living environment with various green spaces and recreational areas, such as the Tierpark and Volkspark Wuhlheide. Overall, the micro-location is characterized by a quiet, family-friendly environment with stable demand and positive development prospects.

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