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Charming Apartment in Popular Neighbourhood

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Living space
55
Bedrooms
1
Living rooms
1
Bathrooms
1
Rented since
08/2005
€175,000
€3,173/m²
BUYER COMMISSIONCommission-Free

Highlights

Classic Altbau from 1900

Spacious living area

South-facing balcony

High ceilings; bright rooms

Popular residential area in Neukölln

Description

The Building

The existing, period building was constructed around 1900, in the typical Berlin Altbau style, with beautiful high ceilings, wooden floors and stucco decoration, centred on a front building and side-wing. This building was modernised and partially refurbished, including the restoration of the simple, bright façade. As if this weren’t enough, an entirely new, 6-storey residential building will be raised as an annex in the courtyard, contrasting wonderfully with the existing building to form a harmonious whole.

The Apartment

This 2nd-floor, 55sqm apartment is practically divided into a kitchen with enough room for a dining table, a bedroom which looks onto the peaceful inner courtyard, a bathroom with a bathtub, and a spacious living room. The balcony opens out from here, facing south onto the quiet Jahnstrasse. With the high ceilings and large windows typical of these buildings, the apartment feels even more spacious. Sold already rented, this is a superb investment opportunity.

The Location

Though directly next to the hugely popular, busy and hip Neukölln, Britz has more of a neighbourhood feel to it. With numerous local shops, restaurants and cafes, Britz is its own, self-contained community, with plenty of green spaces and nature to explore. Yet it is also very well-connected to the rest of the city, if indeed you have any reason to leave...

Apartment ID:12
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FEATURES

Balcony
Cellar

APARTMENT DETAILS

Firing: Gas
2nd floor

DOCUMENTS

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Exposé
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Floorplan
Visualization and dimensions of the 3D model are for illustrative purposes only and are not binding.

Return calculator

All projections are estimated for a period of 10 years.

RETURN CALCULATOR

Return on equity
7.55% p.a.
Down payment
€76,300
MONTHLY PAYMENT
-€56/month

Projected financial performance

All projections are estimated for a period of 10 years.
Summary
Apartment
Financing
Market
Transaction
PURCHASE
Down Payment
€76,300
megaicons/down-payment
  • Purchase Price
    €175,000
  • Closing Costs
    €15,750
  • Opening Loan Balance
    €114,450
  • Initial Cash Investment
    €76,300
RETURN
Return on Equity
7.55% p.a.
  • Initial Cash Investment
    €76,300
  • Opening Loan Balance
    €114,450
  • Ending Cash Balance
    €202,770
  • Ending Loan Balance
    €82,287
GROWTH
Initial Operating Balance
-€56/month
  • Initial Rental Income
    €260
  • Initial Rental Costs
    €77
  • Initial Loan Interest
    €238
  • Initial Operating Balance
    -€56
Disclaimer: The projected financial performance is purely for illustrative purposes and does not constitute 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 the control of EverEstate Gmbh. 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.
Charming Apartment in Popular Neighbourhood
Jahnstraße 82, 12347 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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