Two apartment buildings in one of the most popular areas of Berlin.
Description
One of the buildings was built in 1983 and includes 35 apartments with a total area of 2,092 m², as well as 2 commercial spaces on the ground floor with a total area of 442 m². There is also a roof terrace in the building.
The second building was built in 1890 and includes 9 apartments with a total area of 590 m².
Both buildings are constantly maintained in very good condition.
The absolute annual income is 311,036 €.
The current yield is 3.89%.
The expected annual income is 315,323 €.
The expected yield is 3.94%.
One apartment in a building built in 1983 is vacant.
The property is located in Kreuzberg – one of the most popular districts of Berlin. The population of Kreuzberg is more than 150,000 people. Kreuzberg is known for its special cultural and historical atmosphere. The architecture of the district is determined by the historic stucco houses of the Wilhelmina era and the beginning of the 20th century. The area has many shops, cafes and restaurants, as well as leisure facilities, including Victoria Park with Kreuzberg Hill. The area is served by numerous bus routes, as well as metering stations ”Mehringdamm“ and ”Yorkstraße“.
The property is located next to the park and within walking distance from the metro station. Also, there are various cafes, restaurants, shops, supermarkets and a pharmacy located nearby.
The city center can be reached in about 20 minutes.
Berlin is the capital of Germany with the population more than 3.9 million people.
Within EU Berlin is one of the cities with the highest business activity. About 80% of companies in Berlin work in the services sector. Several large corporations, such as Siemens, Volkswagen, Pfizer and SAP, have headquarters in Berlin.
2 airports of Berlin — Tegel and Schönefeld — serve more than 40 million passengers a year.
Today Berlin is a world cultural center and one of the most visited cities on the continent. The annual number of tourists exceeds 30 million people.
