Apartment house in Berlin with a 3,9 % yield

Code
11726
City
Listing For
Sale
Property Type
Villa / House
Property Status
New Build
Price
 7,500,000 EUR  
Construction Year
1900
Bedrooms
24

Location

Berlin - Berlin -

Description

Code:1440107

It is an apartment house in Berlin.

Description

The five-storey corner building with an attic area of 3 086 m², plot of 890 m², was built in 1900.

There are 5 commercial premises area of 498 m² and 24 apartments, 11 apartments are currently vacant.

Apartments partially have a balconies and terraces on the top floor.

The building was completely renovated and refurbished, and now is in good overall condition. Many details of the facade restored and maintained in its original form.

During repairs facades were insulated and renovated, mailboxes, risers, wiring were renewed as well as terraces on the top floor. The elevator is now fully operational and a new elevator has been installed.

Heating and plumbing works in rented apartments are conducted with the consent of tenants. Vacant apartments were completely renovated and re-rented.

The building has gas central heating and hot water.



Absolute income is 295 329 €.

The current yield of 3,9 %.

Additional information provided by request.

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