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Living space
60
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Bedrooms
1
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Living rooms
1
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Bathrooms
1
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Rented since
09/2007
€204,000
€3,400/m²
BUYER COMMISSIONCommission-Free

Highlights

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Historic building, dating to 1906, renovated in 2014

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Compact floor plan

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High ceilings and lots of natural light

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Southwest-facing balcony

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Very popular neighbourhood

Description

The Building

Despite being more than a hundred years old, INNDIGO undoubtedly has an eye on the future. With its eye-catching, bold façade, the building presents a fascinating fusion of modern exterior and classic interior. The building was comprehensively renovated in 2014, including a complete overhaul of the façades, stairwells and balconies, and is situated around a tranquil landscaped inner courtyard.

The Apartment

A charismatic exterior meets a solid interior... The 2-room apartment covers exactly 60 m² and easily convinces, with a compact floor plan. Rest and relaxation are not neglected either - a southwest-facing balcony invites you to unwind. A pantry in the kitchen also provides practical storage space. The typical Altbau bathroom is elongated and equipped with a shower.

The Location

The apartment is located in Neukölln’s Weserkiez, one of the most colourful, interesting and popular neighbourhoods in Berlin. Weserstraße, the street from which the neighbourhood takes its name, is the lifeline of the area, and famous throughout the city for its vibrant atmosphere and array of bars, restaurants, and shops.

FEATURES

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Balcony
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3m Ceilings
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Main Flooring: Floorboard
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Cellar

APARTMENT DETAILS

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Firing: Distance
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2nd floor

DOCUMENTS

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Exposé
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Floorplan

Condition

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Needs minor fixes

icons/check-markNo costly repairs
icons/check-markReady to move in
icons/check-markFlexibility of design
Visualization and dimensions of the 3D model are for illustrative purposes only and are not binding.
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Return calculator

All projections are estimated for a period of 10 years.
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Return calculator

Return on equity
8.86% p.a.
Down payment
€88,944
Monthly balance
€56/month

Projected financial performance

All projections are estimated for a period of 10 years.
icons/small/colour/summarizeSummary
icons/small/colour/objectApartment
icons/small/colour/financingFinancing
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PURCHASE
Down Payment
€88,944
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  • Purchase Price
    €204,000
  • Closing Costs
    €18,360
  • Opening Loan Balance
    €133,416
  • Initial Cash Investment
    €88,944
RETURN
Return on Equity
8.86% p.a.
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  • Initial Cash Investment
    €88,944
  • Opening Loan Balance
    €133,416
  • Ending Cash Balance
    €108,077
  • Ending Loan Balance
    €95,923
GROWTH
Initial Operating Balance
€56/month
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  • Initial Rental Income
    €409
  • Initial Rental Costs
    €75
  • Initial Loan Interest
    €278
  • Initial Operating Balance
    €56
Disclaimer: The projected financial performance is purely for illustrative purposes and no financial advice. The shown financial figures are estimations (“Performance Data”) only. Such Performance Data is based on the current expectations and certain assumptions, of which many are beyond EverEstate GmbH's control. These are subject to a number of risks, uncertainties and other factors. EverEstate GmbH does not guarantee any Performance Data shown; future results and performance may be higher or lower than the Performance Data.
Attractive Entry Level Investment
icons/locationStuttgarter Straße 60, 12059 Berlin

LISTING PROVIDED BY:

ZIEGERT Bank- und Immobilienconsulting GmbH
Schlüterstr. 54
10629 Berlin
The Ziegert Group is Berlin’s leading Real Estate company, and cooperates internationally with Knight Frank. The team of over 200 highly qualified and motivated employees focuses on the sale of apartments, financial consulting, as well as interior design and other property-related services. The goal is to provide a full 360° service to customers in national and international markets.
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