The property should be seen as an investment object – not for personal use.
The tenant has been living there for a very long time, pays the rent reliably, and wants to continue living there.
Further, since this is the first sale after the division of the building, the tenant is protected by a 10 year cancellation period.
Details of monthly rental income:
Nettokaltmiete: 332,13 EUR/month
Betriebskosten: 127,87 EUR/month
Gross rent: 460,00 EUR/month
Wohngeld not transferable to tenant (incl. maintenance reserve): 94,95 EUR/month
Net per month = 332,13 EUR – 94,95 EUR = 237,18 EUR
The apartment is in a central location but is extremely quiet. The apartment is also private, with a large distance from the windows of the main room to the next buildings behind the property.
The kitchen is fully fitted with ample cupboard space. The kitchen is large enough for a breakfast table in the corner.
The bathroom has a bathtub and a window for light and ventilation.
The apartment has a nice flow, with windows on both sides (see floor plan).
The main room is ample large enough for a three seat L-Sofa (bed), a double bed, dining table, wardrobe, etc.
The building has a healthy maintenance reserve of 77.419,98 EUR (31.12.2022). There is, however, a maintenance plan for teh building with a total cost of 180.000 EUR. There is therefore a shortfall in the maintenance reserve of 102.580,02 EUR. This could potentially mean a future special contribution (Sonderumlage) for this apartment of around 2.266 EUR, ased on the co-ownership share (Miteigentumsanteil) of this apartment of 243/11.000 (=2,21%).
In order to protect the privacy of the tenant there are no internal photos. We can, however, arrange an internal visit for you.
LOCATION:
Despite being easy access to the heart of Prenzlauer Berg, Friedrichshain and Mitte, the apartment is on a calm and quiet street.
The apartment itself is located on the third floor of the rear building. It is far away from the street and so is extremely quiet. The kitchen and bathroom windows face the inner courtyard. However, the large main room faces an open area behind the building, looking over some attractive residential properties.
Hausburgpark is just one minutes’ walk away, around the back of the building.
Volkspark Friedrichshain is only 10 minutes’ walk away!
The heart of Prenzlauer Berg (Bötzowkiez, Winsviertel) is only 20 minutes’ walk way.
Boxhagener Platz, with its much-loved lively Sunday flea market, is 20 minutes’ walk away.
The Velodrom is 9 minutes’ walk away.
The property is well connected by local transport – for example Frankfurter Alle U-Bahn station and Landsberger Allee U-Bahn and Tram stations – as well as by intercity trains from the Ostbahnhof.
