A multi-family residence in Berlin-Steglitz that is divided in the land registry

The property is a multi-family residence built around 1965, consisting of a front building with twelve residential units, all of which are accessed via a stairwell. The apartment sizes in demand range from 29 m² to 49 m². Most apartments have south-facing balconies. The property also includes a rented garage located in the courtyard. The building is fully leased, with the exception of one unit on the 3rd floor. In recent years, six of the twelve apartments have been renovated. Among other things, the plumbing and electrical lines as well as the bathrooms were replaced. The electricity meters were also centralized in the basement, and three additional tenant storage rooms were created. In 2018, the stairwell was repainted, and new plastic windows were installed both in the stairwell and in the apartments. Heating is provided by an oil-fired heating system installed in 2014. Overall, the property is in well-maintained condition, typical for a building of its age. The property was divided into individual units under the Condominium Act (WEG) in 1995. This does not result in any preemptive rights. Furthermore, it is not subject to any preservation ordinance and is therefore not located in a protected neighborhood. Purely a multi-family residential building In-demand apartment sizes ranging from 29 to 49 sqm One unit kept vacant for marketing purposes One garage in the courtyard Most balconies face south Divided into units under the WEG in 1995; no preemptive rights exist Average residential rent: 10.71 EUR/sqm Not a protected neighborhood 23354