Fully leased apartment building near Petersburger Platz with energy efficiency rating C

€2,375,000
  • ~900 m² Total surface
  • ~900 m² Living area
  • ~342 m² Plot surface

Description

The property is a multi-family residence built around 1900, comprising 14 apartments spread across five full stories in the front building. Access to the property is via a stairwell typical of older buildings, and it is in good condition both structurally and aesthetically. Some period details, such as historic doors and corresponding ceiling heights, are present and lend the property a certain charm. The fully leased units are primarily heated by gas-fired individual heating systems. Four units have Gamat and stove heating systems. Hot water is also supplied decentrally. The main electrical distribution panel was replaced in 2014, and the meters were centralized in the basement. As part of this project, the stairwell and facades were also painted. Additionally, insulation was installed on the courtyard side. The stairwell features wooden windows, while the apartments have a mix of wooden double-frame and vinyl windows. Some units have balconies facing the quiet street. The attic has not yet been converted; there is approved potential for expansion of approximately 180 m² of net floor area, and the utilities have already been extended up to the attic. Ten apartments feature tiled, modern bathrooms, which have been renovated over the past few years. The property is maintained on an ongoing basis. A partial renovation of the heating pipes has already been carried out. No major renovation work is currently planned. The basement is generally well-maintained. The property is located within the scope of a preservation ordinance, the "Petersburger Platz" heritage protection zone. "Petersburger Straße" Heritage Protection Zone Quiet side street Well-maintained Some original architectural details present Ten gas-fired floor heating systems, four Gamat systems, and stove heating Energy efficiency class C Partially renovated Attic conversion permit for approx. 180 sqm net floor area Fully leased with the potential for four vacant units Average residential rent: 11.19 EUR/sqm 40963
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Engel & Völkers Commercial Berlin

Your advisor: Team Investment Residential and Commercial

Property ID: OI-BER-40963

Property details
  • Property type

    Investment

  • Total surface

    ~900 m²

  • Living area

    ~900 m²

  • Plot surface

    ~342 m²

  • Usable surface

    ~900 m²

  • Target return

    5.09 %

Energy efficiency information
  • Construction year

    1900

  • Energy efficiency class

    C

  • Energy certificate available

    Yes

  • Energy certificate type

    Energy Consumption Certificate

  • Final Energy Consumption

    89.81 kWh/m²a

Location: Friedrichshain, Berlin

The Friedrichshain district is a very popular and sought-after residential area due to its central location in reunified Berlin and its wide range of evening leisure activities. There are numerous bars, restaurants, and charming cafés in the vicinity of the property. Furthermore, there are plenty of shopping options for daily necessities in the immediate vicinity. Popular recreational and leisure areas such as "Volkspark Friedrichshain" and "Volkspark Prenzlauer Berg" are just a few minutes' walk away. The property is very well connected by both car and public transportation. The "Landsberger Allee" S-Bahn station connects the property to Berlin's city center and the surrounding areas of Brandenburg.

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