Well-maintained residential and commercial building in Reinickendorf

€2,150,000
  • ~882 m² Total surface
  • ~855 m² Living area
  • ~976 m² Plot surface
  • ~27 m² Office surface

Description

The front building, constructed around 1992 and facing east, comprises a total of nine apartments and a small commercial unit spread across its five floors, all accessible via a stairwell and an elevator. The apartments range in size from approximately 85 m² to approximately 104 m²; eight apartments feature a balcony or terrace facing the quiet Hechelstraße, and all units are equipped with built-in kitchens, some of which have hardwood floors. Technically, the property is in good condition. The water, sewage, and electrical systems, as well as the building insulation and most of the bathrooms, date from the year of construction. All apartments have a bathroom with a bathtub; the larger apartments are additionally equipped with a separate shower room. The property has been continuously maintained. Two bathrooms were modernized (approx. 2018), some windows were replaced, and the rear facade was repainted in 2017. Heating is provided by a gas condensing boiler installed in 2020 with a central hot water supply; the roof is green. At the rear of the property, there are four parking spaces and two garages, which are also fully leased. The property is in very well-maintained condition, is not listed as a historic landmark, and is located in the "Scharnweberstraße/Klixstraße" neighborhood preservation area, though not within a redevelopment zone. Scharnweberstraße/Klixstraße conservation area Location on a quiet side street Sought-after residential area Well-maintained condition Balconies Gas condensing boiler Fully let Elevator 6 parking spaces Average rent for residential properties EUR9.34/sqm Average rent for residential properties EUR8.24/sqm 49098
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Engel & Völkers Commercial Berlin

Your advisor: Team Investment Residential and Commercial

Property ID: OI-BER-49098

Property details
  • Property type

    Investment

  • Parking spaces

    4

  • Total surface

    ~882 m²

  • Living area

    ~855 m²

  • Plot surface

    ~976 m²

  • Office surface

    ~27 m²

  • Usable surface

    ~882 m²

  • Target return

    4.79 %

Energy efficiency information
  • Construction year

    1992

  • Energy efficiency class

    E

  • Energy certificate available

    Yes

  • Energy certificate type

    Energy Consumption Certificate

  • Final Energy Consumption

    139.3 kWh/m²a

Location: Reinickendorf, Berlin

The property is located on a quiet side street and is in close proximity to Kurt-Schumacher-Platz, which offers a wide range of shopping options for daily needs. The surrounding area is predominantly characterized by a dense residential development. In the immediate vicinity, you will find Wilhelminian-style buildings, residential complexes from various eras, and new constructions from the 1970s to the 1990s, as well as single-family homes. Numerous shops for daily necessities, as well as various cafés and restaurants, are located in the immediate vicinity. Transportation access is excellent, both by car and by public transit. The "Kurt-Schumacher-Platz" subway station, as well as various bus lines, are just a few minutes' walk away.

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