District: Treptow-Köpenick


Location: Baumschulenweg/ Border to Neukölln


Keep an eye on this investment opportunity with a net yield of around 6.04% – quick decision will be necessary. The rented multi family house includes 9 units. In 1997/1998 it has been completely renovated and modernised.


Location: It is a very popular residential location and peaceful district of Berlin. Three-quarter of the district consist parks, forests and lakes. Who appreciates silence; nature and nice houses and who can afford it will move this area. With excellent tram connections it also has easy access to Berlin-Mitte. Moreover it is one of the most successful high technology locations in Germany.


Specifications:

Apartments are in good condition

Bathrooms with bath tub

Flooring: Timber floor board and tiles

All units with balcony/ terrace; exception: Studio-Flat

Basement

Backyard

Gas central heating

Building is in very good condition – completely renovated and modernised in 1997/1998 incl. extension of the top floor

Very good location in Treptow, quiet back road. Directly on the border to Neukölln-North. Distance to the Alexanderplatz as well as to Potsdamer Platz: approx 9km. Trendy places like Boxhagener Platz in Friedrichshain or Bergmannstrasse in Kreuzberg are approx. 6.5km away. Schönefeld Airport is only 15 minutes drive away.

Payment:


100% after signing of the notarial purchase contract. It is a resale property.


District Treptow-Köpenick:


The district Treptow-Köpenick, the biggest district regarding space, is the 9th district of Berlin and covers 18.9% of Berlin´s city space. It is situated in South-eastern Berlin and borders to Neukölln, Friedrichshain-Kreuzberg, Lichtenberg and Marzahn-Hellersdorf as well as to rural districts Oderspree and Dahme-Spreewald in Brandenburg. Altogether it is set up of 15 boroughs.
Population density is with 1.362 residents of each square kilometre the lowest of all districts in Berlin. About 234.000 people are living in the district. In Treptow-Köpenick are living the most old people of Berlin, they are older than 50 years but also more and more young families choose this location. There are many reasons for that. One of those is maybe the nice location. Three-quarter of the district consist parks, forests and lakes. Who appreciates silence; nature and nice houses and who can afford it will move this area.
Köpenick is one of the favourite destinations for short trips in South Berlin. The main sightseeing of the historical old town with its small streets and lanes is town hall Köpenick. This building is erected in clinker gothic style. The town hall got especially well-known for the unemployed cobbler Wilhelm Voigt (“Captain of Köpenick) who arrested in 1906 with a borrowed captain uniform the mayor and engrossed city treasury. Beside town hall and old town Köpenick offers Berlin´s biggest lake called Müggelsee.


Property Type: Rented Apartment Building

Plot Size: 448m²

Total Residential Units: 9 (1x Studio, 7x One Bedroom Apartments, 1x Three Bedroom Apartment)

Size (approx.): 523.38m²

Balconies: Yes

Year of Construction: 1908

Availability/ Move-in: Immediately / Please note: All units are rented out.

Total Running Costs: approx. 16,450 € per year

Costs for the landlord: Expected yearly additional costs for House Management - approx. 2,700 € per year (approx. 6% of the basic rent or 300 Euro per unit per year)

Costs for the tenants: approx. 13,750 € per year (allocatable overheads)

Basic Rent (actual): 46,204.68 € per year (7.35 € per m²)


Net Yield (approx.): 6.41% / 6.04% (Expected house management fees are considered)


From 720,000 €