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Living space
54
Bedrooms
1
Living rooms
1
Bathrooms
1
Rented since
11/2003
€149,000
€2,750/m²
BUYER COMMISSIONCommission-Free

Highlights

Historic building from 1906

High ceilings

South-facing balcony

Landscaped gardens

Good transport links

Description

The Building

As soon as you enter the pretty Altbau, dating from 1906, you notice the small, charming details, like decorative tiling and stained-glass windows in the hallways and courtyard. This is a typical Berlin Altbau, with high ceilings, wooden floors and a general sense of space, history and comfort. The façade has been freshly painted, and the green courtyard completely redesigned, with a generous lawn, sunlit seating areas and foliage-shaded banks tempting you outside. The apartments, ranging in size from a compact 42 to a more spacious 98 sqm, are ideal for singles or couples, and most apartments have a balcony.

The Apartment

With its practical layout spread over 54sqm, and comfortable south-facing balcony, this is a very attractive apartment, sold already rented as an investment property. The central hallway leads into a kitchen, a bathroom with bathtub, a bedroom, and a spacious living room with an attractive balcony facing the Sportforum. This is a superb residential apartment, and certainly won’t lack for tenants.

The Location

A relaxed neighbourhood with lots of open space, Konrad-Wolf-Strasse lies directly opposite the Sportforum, Berlin's training centre for top-level athletes. Built in 1954, the Sportforum was where future Olympic champions trained during the Communist era, and it remains dedicated to all aspects of sport. Although located in Lichtenberg, Konrad-Wolf-Strasse lies in close proximity to both Prenzlauer Berg and Friedrichshain, two of Berlin’s most popular districts, and easily accessible thanks to the city’s extensive tram network. This is developing into an ideal location, with a lot of room for development for the young, and young at heart.

Apartment ID:10
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FEATURES

Main Flooring: Floorboard
Cellar

APARTMENT DETAILS

Firing: Gas
Heating: Central
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
8.57% p.a.
Down payment
€64,964
MONTHLY PAYMENT
€17/month

Projected financial performance

All projections are estimated for a period of 10 years.
Summary
Apartment
Financing
Market
Transaction
PURCHASE
Down Payment
€64,964
megaicons/down-payment
  • Purchase Price
    €149,000
  • Closing Costs
    €13,410
  • Opening Loan Balance
    €97,446
  • Initial Cash Investment
    €64,964
RETURN
Return on Equity
8.57% p.a.
  • Initial Cash Investment
    €64,964
  • Opening Loan Balance
    €97,446
  • Ending Cash Balance
    €172,644
  • Ending Loan Balance
    €70,061
GROWTH
Initial Operating Balance
€17/month
  • Initial Rental Income
    €311
  • Initial Rental Costs
    €91
  • Initial Loan Interest
    €203
  • Initial Operating Balance
    €17
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.
2-Room Investment Apartment
Konrad-Wolf-Straße 73, 13055 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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