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Ideal 2 Bedroom Investment in Heart of Berlin

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Living space
74
Bedrooms
2
Living rooms
1
Bathrooms
1
Rented since
08/1984
€296,400
€3,997/m²
BUYER COMMISSIONCommission-Free

Highlights

Historic building dates from 1875

Very well-preserved Altbau

West-facing balcony

Bright, high rooms and clear floorplan

Desirable residential location

Description

The Building

The bright façade of the building features attractive stucco elements, which are ornate, playful and ordered at the same time. The period styling continues in the building’s interior, where many classic features are preserved. This contributes to the spirit of the building, that can be felt in every corner. In 2012/13, the pipes and electricity were brought up to date, and new lifts and spacious balconies ensure comfortable, modern living in this classic building.

The Apartment

This rented apartment, located on the 2nd floor of this classic Altbau, offers an extra portion of charm and light. With three bright rooms, thanks to the high ceilings and large windows, a balcony to the quiet courtyard garden and a cosy kitchen, which is the secret centre of the apartment, this 74sqm gem offers far more than meets the eye. With its exceptional floorplan and practical layout, the apartment is very popular with a broad tenant clientele.

The Location

The building lies on a peaceful, tree lined street in the heart of Kreuzberg’s coveted Wrangelkiez. Here, it would be easy to be overwhelmed with all the area has to offer. Within easy walking distance is Gorlitzer Park, with the Spreewaldplatz swimming pool and the chance to play black light mini golf, Treptower Park, with the Soviet War Memorial, and the Spree, with its many water-based attractions. Also within a few minutes’ walk is the U1 underground line, one of the easiest ways to commute from East to West in Berlin. Life is good in the Wrangelkiez!

Apartment ID:06
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FEATURES

Balcony
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Elevator
Main Flooring: Floorboard
Cellar

APARTMENT DETAILS

Firing: Distance
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
6.29% p.a.
Down payment
€129,230
MONTHLY PAYMENT
-€278/month

Projected financial performance

All projections are estimated for a period of 10 years.
Summary
Apartment
Financing
Market
Transaction
PURCHASE
Down Payment
€129,230
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  • Purchase Price
    €296,400
  • Closing Costs
    €26,676
  • Opening Loan Balance
    €193,846
  • Initial Cash Investment
    €129,230
RETURN
Return on Equity
6.29% p.a.
  • Initial Cash Investment
    €129,230
  • Opening Loan Balance
    €193,846
  • Ending Cash Balance
    €343,434
  • Ending Loan Balance
    €139,371
GROWTH
Initial Operating Balance
-€278/month
  • Initial Rental Income
    €333
  • Initial Rental Costs
    €207
  • Initial Loan Interest
    €404
  • Initial Operating Balance
    -€278
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.
Ideal 2 Bedroom Investment in Heart of Berlin
Sorauer Straße 12, 10997 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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