Engel & Völkers
_P6B0474

Apartment house near Schäfersee

€3,850,000
  • ~1,717.08 m² Total surface
  • ~1,717.08 m² Living area
  • ~1,739 m² Plot surface

Description

The property impresses especially by the well-kept overall impression. It is a residential building built in 1965 with 20 residential units, which are distributed over four full floors. In the rear area there are ten outside parking spaces, as well as ten garages. The residential units are heated by a gas central heating system from 2017. Approximately 50% of the apartments were also successively modernized during tenant changes, including the electrical sub-distribution. In the course of the last renovation measures, the yard gate and the garden fence were completely renewed. The property is located in the area of application of a preservation statute, in the milieu protection area "Letteplatz". Milieu protection area "Letteplatz" Balconies available Garden share Partially renovated Fully rented Car parking spaces Gas central heating from 2017 Average rent living: 8,85 EUR/m² 42688
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Engel & Völkers Commercial Berlin

Your advisor: Team Investement Residential and Commercial

Property ID: OI-BER-42688

Property details
  • Property type

    Investment

  • Parking spaces

    10

  • Total surface

    ~1,717.08 m²

  • Living area

    ~1,717.08 m²

  • Plot surface

    ~1,739 m²

  • Usable surface

    ~1,717.08 m²

  • Target return

    5.16 %

Energy efficiency information
  • Construction year

    1965

  • Energy efficiency class

    C

  • Energy certificate available

    Yes

  • Energy certificate type

    Energy Consumption Certificate

  • Energy source

    Gas heating

Location: Reinickendorf, Berlin

The property is centrally located in the Reinickendorf district in an up-and-coming residential area characterized by a mixed stock of Gründerzeit houses, reconstructions from the 1960s and new buildings. The Schäfersee lake and the Schillerpark are in the immediate vicinity. Utilities and schools are within walking distance. Transport links are good both by car and by public transport. The subway station "Franz-Neumann-Platz" is within walking distance and the connection to the city of Berlin takes about 15-20 minutes. Due to the closure of Tegel Airport, the location has been significantly upgraded.

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