Fully let apartment building in a quiet part of Karlshorst

€950,000
  • ~457 m² Total surface
  • ~457 m² Living area
  • ~655 m² Plot surface
  • Construction year 1908

Description

The property is a multi-family house, built around 1908, comprising solely the front block with seven flats spread across three full storeys and a converted attic. One flat and the tenants' storage rooms are located in the basement. There are four car parking spaces in the courtyard. The property is accessed via a central staircase and is in a sound and well-maintained condition, both technically and visually. Some period features, such as stucco ornamentation in the entrance area, historic doors and corresponding ceiling heights, have been preserved. The fully let units are supplied with heating and hot water via a gas central heating system. Extensive refurbishment work took place in 2003/2004. At that time, the electrical wiring, water pipes and the staircase were, amongst other things, replaced. Plastic windows were fitted facing the courtyard, whilst the windows facing the street are wooden double-frame windows. As part of this work, the attic was also converted into two flats and, with one exception, all other flats were refurbished. The façade facing the driveway was also insulated. In 2011, the car parking spaces were redesigned. At the beginning of 2026, the stairwell was repainted once again. The property is not currently subject to any conservation order. Not a conservation area Sought-after and quiet residential area Original architectural features retained Wooden and uPVC windows Converted loft Gas central heating Energy efficiency class D Four car parking spaces Fully let Average rent for residential units: 6.84 EUR/sqm 6610
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Engel & Völkers Commercial Berlin

Your advisor: Team Investment Residential and Commercial

Property ID: OI-BER-6610

Property details
  • Property type

    Investment

  • Parking spaces

    4

  • Total surface

    ~457 m²

  • Living area

    ~457 m²

  • Plot surface

    ~655 m²

  • Usable surface

    ~457 m²

  • Target return

    4.03 %

Energy efficiency information
  • Construction year

    1908

  • Energy efficiency class

    D

  • Energy certificate available

    Yes

  • Energy certificate type

    Energy Consumption Certificate

  • Final Energy Consumption

    117.23 kWh/m²a

  • Energy source

    Gas heating

Location: Prinzenviertel, Berlin

The property is situated in the south of the Lichtenberg district, in Karlshorst. The neighbourhood is also known as the 'Dahlem of the East' due to its low-density development and high proportion of green spaces. The charming overall impression is characterised by richly ornamented Wilhelminian-style villas and detached houses. The trotting track, the zoo and the Wuhlheide recreational area form the prominent landmarks of the neighbourhood, which is an attractive place to live for many different groups of people. Families, in particular, are making this their home and benefiting from the good social infrastructure. Treskowallee forms the cultural and local amenities hub of the district and is also the main transport link to the B 1/5 and Köpenick. The connection between the Karlshorst district and City-Ost is excellent, both by S-Bahn (at 'Karlshorst' station) and by private transport. In addition, tram and bus routes ensure residents' mobility.

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