Full Description

The complex is located in a quiet residential area of Berlin-Wedding and is available for sale as an entire block. There is plenty of beautiful green scenery near to the property,along with a variety of public transport links, and one of the largest shopping centres in Berlin (Gesundbrunnen Centre) also nearby to the complex. The building consists of a front house and three side wings. There are 26 flats and 3 commercial units. The property has been gradually renovated in recent years. There are newly fitted windows and a new gas central heating system. All bathrooms have recently been renovated. The apartments all have timber wood flooring. The building is also fully tenanted. Year of construction: 1900 Total area: 1615,00 m² Net income/year: € 75.236,00 Net Yield min: 7.9% Purchase price: € 950.000 Rent increase: Up to 20% Net Yield Max: 9.48%