Engel & Völkers
Rückfassade

Multi-family house in the Fanninger neighborhood with energy class C

€1,450,000
  • ~641.23 m² Total surface
  • ~641.23 m² Living area
  • ~615 m² Plot surface

Description

The property is an apartment building constructed around 1900 with eight apartments spread over four full floors in the front building with a right-hand wing. The property is accessed via two stairwells and is in solid to good condition, both technically and visually. Some old building details, such as old doors, historic stair railings, and corresponding ceiling heights, have been preserved. The fully rented residential units are heated by gas floor heating, and hot water is also supplied decentrally. Most of the windows facing the street are wooden double-glazed windows, while most of the windows facing the courtyard are plastic windows. Some of the apartments have balconies. The apartments have tiled bathrooms. Since 2002, the front facade and roof have been renovated and the gas pipes and waste water and fresh water pipes have been largely replaced. The stairwell of the side wing has also been completely refurbished. The rear facade and the stairwell of the front building have not yet been fundamentally renovated. With one exception, the apartments have been renovated over the last ten years. The tenants' storage areas are located on the ground floor. The attic has not been converted. The property is currently subject to a preservation statute, the "Fanningerstraße" environmental protection area, but is not located in a redevelopment area. Fannigerstraße conservation area Sought-after residential area Traffic-calmed street Some original features preserved Mostly renovated Gas floor heating Energy efficiency class C Some balconies Attic not converted Fully let Average rent for residential units: 8.56 EUR/sqm 9763
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Engel & Völkers Commercial Berlin

Your advisor: Team Investment Residential and Commercial

Property ID: OI-BER-9763

Property details
  • Property type

    Investment

  • Total surface

    ~641.23 m²

  • Living area

    ~641.23 m²

  • Plot surface

    ~615 m²

  • Usable surface

    ~641.23 m²

  • Target return

    4.54 %

Energy efficiency information
  • Construction year

    1900

  • Energy efficiency class

    C

  • Energy certificate available

    Yes

  • Energy certificate type

    Energy Consumption Certificate

  • Energy source

    Gas heating

Location: Lichtenberg, Berlin

The property is located in a middle-class residential area in the Alt-Lichtenberg district of Lichtenberg. Alt-Lichtenberg borders Frankfurter Allee to the north and is a self-contained residential area with predominantly renovated old buildings and cooperative apartments in attractive ensembles. Thanks to its good inner-city location with excellent local transport connections, the district is becoming increasingly popular as a place to live. The expansion of the Oskar Ziehten Hospital has led to further migration into the area. Various shops on Frankfurter Allee and the Ring-Center on Frankfurter Allee, which is within walking distance, ensure a good level of amenities. Residents of the property have access to local public transport via the "Lichtenberg" underground and S-Bahn station.

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