Full Description

Common property

Year of construction: 1959
Neat community property with reconstructed hall
Renovated front

Dry cellar

Leafy and calm courtyard
Storage room for bicycles in the cellar
Small and harmonic owner structure
15 individual units
Maintenance reserve about € 20,000


Proprietary

52.29 m²
2 rooms, hallway, kitchen, bathroom with built- in tub and window, large balcony


Convenient layout of the apartment
Situated in the second floor, right
Good natural illumination
Living room with west-facing, balcony seeping room facing the calm courtyard

Connection for washing machine in the kitchen
Intercom
Dry cellar
74/1,000 share in building and ground
Monthly service charge: € 201 (including prepayment for heating costs)


Propretiary for owner occupation:

Currently, the apartment is occupied by the tenant. Basically, the tenant is willing to move out of the apartment. However, this is not possible at the moment because the tenant is caring for her 87-year old mother in the neighbour apartment.

The property as an investment:

Since 1978 the apartment is rented to a calm, solvent tenant who is employed in the civil service. The rent is always fully paid in time. The good state of the property shows the neat treatment by the tenant.

The current net rent amounts to € 194.96 per month. This rent is not conform to the rent index and can be increased to € 244.40 per month according to the Berlin rent index 2007. The net rent per year adds up to € 2,932.80. Based on the purchase price a yearly gross yield of 6,67% can be calculated.

Because of the advantageous location of the apartment, a re-tenancy at a higher rent is possible in case of a tenant change.

Mistakes reserved.