Two well-maintained apartment buildings

€3,300,000
  • ~1,401 m² Total surface
  • ~1,401 m² Living area
  • ~1,590 m² Plot surface

Description

The two stately, three-story apartment buildings—consisting of a front building and a separate rear building—were constructed in 1993 on a plot of approximately 1,590 m². The properties comprise a total of 14 apartments (including the converted attic spaces), all of which are in very good condition. All residential units are equipped with bathrooms and balconies or terraces typical of the building's era. The seven parking spaces (four of which are leased) and the lockable bicycle storage area are located in the underground garage, which lies between the two buildings. Both properties are heated by a gas-fired central heating system, and hot water is also supplied centrally. The apartment buildings are in good condition both visually and technically. Due to their good condition, the desirable residential location, and further development potential, this is a solid investment property. The property is not subject to any preservation ordinance. Not in a protected neighborhood Good residential area Good condition Gas central heating with central hot water supply Energy efficiency class E All units feature balconies and terraces Fully leased Underground parking Average rent for residential units: EUR10.20/m² Attic converted 164499
Features
Garage
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Engel & Völkers Commercial Berlin

Your advisor: Team Investment Residential and Commercial

Property ID: OI-BER-164499

Property details
  • Property type

    Investment

  • Garages

    7

  • Total surface

    ~1,401 m²

  • Living area

    ~1,401 m²

  • Plot surface

    ~1,590 m²

  • Usable surface

    ~1,401 m²

  • Target return

    5.32 %

Energy efficiency information
  • Construction year

    1993

  • Energy efficiency class

    E

  • Energy certificate available

    Yes

  • Energy certificate type

    Demand certificate

  • Heating consumption

    139 kWh/m²a

Location: Lichterfelde, Berlin

The Lichterfelde neighborhood in Berlin, part of the Steglitz-Zehlendorf district, is a highly sought-after and popular residential area due to its established middle-class character, its abundance of parks and recreational spaces, and its excellent transportation links to downtown Berlin. Both properties are located within a traffic-calmed "30 km/h zone." The neighborhood is characterized by single-family homes and small apartment buildings, most of which were built in the 1950s and 1980s. The St. Martin Hospital, institutes of the Free University of Berlin, and the center of Lichterfelde are also located nearby. Numerous shopping options and restaurants are located in the immediate vicinity of the complex. Public transportation access is excellent, thanks to the "Lichterfelde Ost" and "Osdorfer Straße" S-Bahn stations, as well as various bus lines. This allows you to reach the "Potsdamer Platz" S-Bahn station in central Berlin in just 17 minutes.

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