Apartment building with high vacancy rate near Havel

The property is a corner apartment building constructed around 1900, comprising a total of 17 residential units. The apartments are distributed across four full stories and a partially converted attic. The building is accessed via two well-maintained stairwells and is generally in a rather basic condition, both structurally and aesthetically. Due to war damage, parts of the third floor and the attic are missing, which affects both the building's structure and the current floor plan. In this context, there are potential opportunities for structural development in the attic area. Some of the residential units feature balconies with attractive views of Stresowpark and the Havel River. Heating is provided by gas-fired individual unit heating systems, and the hot water supply is also decentralized. Currently, eight residential units are rented, while nine units are vacant and thus offer short-term development and value appreciation potential. The vacant apartments are predominantly in a condition requiring renovation. Plans are in place for the reconstruction of the missing building sections and the further expansion of the attic, with a development reserve of approximately 280 m². A corresponding building permit application has not yet been submitted. The property is located within the scope of a preservation ordinance (the "Stresow" neighborhood preservation area) and additionally within an urban character preservation area. Stresow conservation area Direct view of the water Some original features preserved Balconies facing the Havel River In need of renovation Gas floor heating Energy efficiency class G High vacancy rate Average rent for residential properties: EUR 5.84/sqm 75986