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French leaseback property

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Good Prenzlauer Berg location

main development picture from berlin property
Facade
8 more photos 

Schivelbeinerstr
Germany,Prenzlauer Berg ,Berlin

1 bedroom - 66.7 sqm - 93,500 EUR
2nd floor of 4
tenants are nice professional couple
Current cold rent 325 per month - well below what it can be

Commission : 4.5%

Year of construction : 1909
Year of renovation : 1998
Price per sqm : 1402
Cold rent yield 4.17 %

Status: Available

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This is an excellent part of Prenzlauer Berg. When we travel to Berlin we stay if possible in Gleimstr which is a walking distance from here. This is one part of Berlin which has good capital and rental growth because of the demand to live here.

The building is typical Altbau and has beed restored in 1997/1998. It is in very good condition. There is an intercom for each apartment with electronic facility to open the main door. Heating is gas. The building comprises 31 apartments and 2 commercial units.

The apartment faces south overlooking a quiet courtyard. Windows are double glazed and floors are wooden. Kitchen is tiled and bright. Bathroom is fully tiled with bath and washing machine points. Electrics have been modernised and cables are hidden in the apartment.

It is currently let to 2 amiable young professionals. The well looked after impression of the apartment shows that they look after it. Rent is paid punctually and correctly. The current rent is way below what is possible here. They are paying 4.87 (cold) but well renovated Altbau apartments in the same street can get over 10 EUR per sqm.