Well-maintained apartment building in the Belgian Quarter
€3,000,000
- ~1,787 m² Total surface
- ~1,787 m² Living area
- ~704 m² Plot surface
Description
The property is a multi-family residence built in 1912 with a total of 24 residential units. These are distributed across five full stories of a classic Berlin historic building, consisting of a front building, side wings, and a transverse building, and are currently fully leased.
Access is via three stairwells; there is no passenger elevator.
Externally, the building appears to be in good and very well-maintained condition. Characteristic elements of older buildings, such as historic doors and some remaining stucco, give the property its special charm and underscore the building's period-typical character.
Most of the apartments in the front building have balconies overlooking the street and the landscaped median strip. Heating is provided by gas-fired individual unit heating systems. Parts of the facades have already been insulated. The electrical and plumbing systems were upgraded in the 1990s.
The inner courtyard features a well-maintained green space with bicycle parking for tenants. Apartment sizes range from approximately 30 m² to 175 m², offering a broad spectrum of options that are considered highly marketable. There are currently three gross-rent leases in place.
The attic has not yet been converted and offers further development potential with an unfinished attic space of approximately 400 sqm. A corresponding building permit has not been obtained.
The property is located within the scope of the preservation ordinance in the "Seestraße" neighborhood preservation zone, but not within a redevelopment area.
Fully leased
Sought-after residential area
Historic architectural details
Residential-only building
Units with balconies
Well-maintained courtyard
Gas-fired individual heating systems
"Seestraße" neighborhood preservation zone
133790
Engel & Völkers Commercial Berlin
Your advisor: Team Investment Residential and Commercial
Property ID: OI-BER-133790
Property details
- Property type
Investment
- Total surface
~1,787 m²
- Living area
~1,787 m²
- Plot surface
~704 m²
- Usable surface
~1,787 m²
- Target return
4.49 %
Energy efficiency information
- Construction year
1912
- Energy efficiency class
E
- Energy certificate available
Yes
- Energy certificate type
Demand certificate
- Final energy demand
130.5 kWh/m²a
- Energy source
Gas heating
Location: Wedding, Berlin
The property is centrally located in the Wedding neighborhood of the Mitte district. The surrounding area is one of the neighborhood's up-and-coming and sought-after residential areas and is characterized by a vibrant blend of urban flair and a well-established community. In recent years, numerous figures from the arts and creative sectors have settled here. The area is further enhanced by charming boutiques, unique cafés, and restaurants with modern concepts. The nearby Schillerpark and Volkspark Rehberge offer opportunities for relaxation in green spaces. The idyllic Nordufer, with its impressive, largely renovated historic buildings, also invites residents to take leisurely walks. Müllerstraße and Leopoldplatz, with their diverse shopping options, are within easy walking distance. Families benefit from a well-developed infrastructure that includes schools, daycare centers, and cultural institutions such as the Prime Time Theater and the Silent Green Kulturquartier. In addition, major institutions such as the Berlin University of Applied Sciences, the Virchow Clinic, and the Robert Koch Institute are located in the immediate vicinity. Excellent public transportation connections are provided by the "Amrumer Straße" U-Bahn station, the "Wedding" S-Bahn and U-Bahn station, and numerous bus lines. The proximity to the A100 urban highway also ensures quick access to both downtown Berlin and the regional highway network. Translated with DeepL.com (free version)
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