A multi-unit apartment building divided into individual units in the southern part of Blankenfelde-Mahlow

€500,000
  • ~503 m² Total surface
  • ~503 m² Living area
  • ~1,234 m² Plot surface

Description

The property is a multi-family house built around 1900, consisting of seven apartments spread across the ground floor and parts of the attic. The corner house is divided into seven self-contained units. Each unit has its own entrance and is heated by stoves. The property is in fair to well-maintained condition, both structurally and aesthetically. Over the years, sporadic renovation and improvement work has been carried out on the property. In the 2010s, all windows were replaced with PVC windows featuring appropriate sound insulation. One unit has a balcony facing the street. The brick-clad facade gives the property its charm; at the rear, there is a small green space for the tenants. One apartment has a separate garden area, and all units also have access to their own shed. Furthermore, there is approximately 185 m² of potential for expansion, consisting of unused space in the attic that could be used to create additional residential units if needed. One apartment is currently vacant. Popular apartment sizes Basic condition Partially converted attic Good public transportation connections to Berlin Low vacancy rate Average rent for residential units: 4.60 EUR/sqm O7596
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Engel & Völkers Commercial Berlin

Your advisor: Team Investment Residential and Commercial

Property ID: OI-BER-O7596

Property details
  • Property type

    Investment

  • Total surface

    ~503 m²

  • Living area

    ~503 m²

  • Plot surface

    ~1,234 m²

  • Usable surface

    ~503 m²

  • Target return

    6.33 %

Energy efficiency information
  • Construction year

    1900

  • Energy certificate available

    No

Location: Blankenfelde, Blankenfelde-Mahlow

The property is located in an attractive residential area that is undergoing increasingly dynamic development. It is situated in the southern part of Blankenfelde, just about five kilometers from Berlin's city limits. The neighborhood is characterized by a harmonious blend of modern residential buildings and well-maintained older structures, combining the charm of a rural idyll with proximity to the capital. Numerous shopping options and restaurants are located in the immediate vicinity. Schools and kindergartens are also within easy reach, allowing both families and commuters to enjoy a high quality of life here. Berlin's city center can be reached in just about 25 minutes via the "Blankenfelde" S-Bahn station or the A113.

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