Engel & VölkersEngel & Völkers
Treppenhaus

A well-maintained, fully let block of flats in a quiet location

€850,000
  • ~416 m² Total surface
  • ~416 m² Living area
  • ~1,332 m² Plot surface
  • Construction year 1965

Description

The property is a multi-family residence built around 1965, comprising a total of six apartments. The property has two full stories and a flat roof with development potential that has not yet been assessed. The apartment building has a full basement and is currently fully leased. Access is via a well-maintained stairwell. The property is primarily equipped with double-pane windows, which were replaced over the past ten years. Some of the remaining wooden-framed windows show cosmetic defects. The apartments have good layouts and have been gradually modernized as tenants have moved out and new ones have moved in. Heating is provided by an oil-fired central heating system dating from 1987. The property has been regularly maintained, and its condition can be described as typical for its year of construction. The property is not subject to any preservation ordinance. No conservation area Quiet location Balconies available Popular flat sizes Spacious communal garden for tenants Oil-fired central heating Energy efficiency class G Fully let Average rent for residential units: 7.57 EUR/sqm O34512
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Engel & Völkers Commercial Berlin

Your advisor: Team Investment Residential and Commercial

Property ID: OI-BER-O34512

Property details
  • Property type

    Investment

  • Total surface

    ~416 m²

  • Living area

    ~416 m²

  • Plot surface

    ~1,332 m²

  • Usable surface

    ~416 m²

  • Target return

    4.45 %

Energy efficiency information
  • Construction year

    1,965

  • Energy efficiency class

    G

  • Energy certificate available

    Yes

  • Energy certificate type

    Demand certificate

  • Final energy demand

    249.89 kWh/m²a

  • Energy source

    Oil heating

Location: Lichtenrade, Berlin

The Lichtenrade neighborhood is the most exclusive and greenest part of the Tempelhof-Schöneberg district. Peace and quiet are usually just a few hundred meters away. Angermünder Straße stands out for its location not far from Lichtenrader Damm, which ensures excellent access to Berlin's road network. Numerous supermarkets, cafés, and restaurants are located in the immediate vicinity, ensuring excellent local amenities. With its geographic location, the surrounding schools and kindergartens, and various venues for sports activities, the area around Angermünder Straße is a very popular and sought-after residential neighborhood. Various bus lines run in the immediate vicinity, providing quick access to the surrounding neighborhoods as well as the Lichtenrade S-Bahn station.

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