Modernised Residential Block
in Good Location in Berlin-Reinickendorf
Completely modernised and well maintained property built in 1913 consisting of front- and garden building with 28 flats in Berlin-Reinickendorf. Living space approx. 1,780 sq. m, no commercial units. It has been evaluated that with conversion of the lofts 5 flats with approx. 376 sq. m can be added. The plot with approx. 1,190 sq. m offers enough space for a large inner court and a garden in the back (see site plan).
The actual net annual rent amounts to approx. € 95,000.– (6,1 % yield) and can be optimised to approx. € 124,000.– (8 % yield).
Price € 1,550,000.– plus
6,96 % commission. |
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