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Living space
57
Bedrooms
1
Living rooms
1
Bathrooms
1
Rented since
07/2014
€199,000
€3,463/m²
BUYER COMMISSIONCommission-Free

Highlights

Classic Altbau from 1909

Well laid-out floor plan

Altbau details

Parquet flooring

Beautiful neighbourhood location

Description

The Building

Four red ribbons adorn the façade of this charismatic property like lines on a sheet of music, and are embellished with the notes for Smetana's symphonic poem "Vltava". Built in 1909, the house effortlessly blends in with the leafy, green surroundings, and this theme continues within, with terraces in the attic, small private gardens on the ground floor and balconies overlooking the courtyard for all floors in between. Each floor has only two apartments, with 2-3 rooms each, meaning owners enjoy a lot of space. And with the recent renovation of the building, this is a wonderful blend of old and new, contemporary and classical

The Apartment

This rented, ground floor apartment offers lots of light and a perfectly configured floor plan that offers enough space to unfold. Spread over 57sqm, this perfectly-proportioned apartment has a bedroom and living room looking east onto the peaceful, residential Smetanastrasse, perfect for enjoying the morning sun. The kitchen has enough space for a dining table, and looks into the quiet inner courtyard. The apartment is rented and is offered as a capital investment.

The Location

The Composers’ Quarter in Weissensee is truly an oasis, with plenty of nature, fresh air The Composers’ Quarter in Weissensee is truly an oasis, with plenty of nature, fresh air and opportunities for relaxation and leisure. If it weren’t enough to have one beautiful lake with its own beach and set in wonderful parklands nearby, you are close to both Weisser See and Orankesee lakes. In fact, there is really nothing lacking, with shopping, schools, plenty of nice cafés and restaurants, and local highlights like the cinema “Kino Toni”, all spread throughout the refreshingly peaceful neighbourhood. And if you want more, you can reach Alexanderplatz in 15 minutes by tram, and be in Prenzlauer Berg or Friedrichshain even quicker. It’s really no wonder the area is becoming more and more popular.

Apartment ID:02
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FEATURES

APARTMENT DETAILS

Ground 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
8.53% p.a.
Down payment
€86,764
MONTHLY PAYMENT
€24/month

Projected financial performance

All projections are estimated for a period of 10 years.
Summary
Apartment
Financing
Market
Transaction
PURCHASE
Down Payment
€86,764
megaicons/down-payment
  • Purchase Price
    €199,000
  • Closing Costs
    €17,910
  • Opening Loan Balance
    €130,146
  • Initial Cash Investment
    €86,764
RETURN
Return on Equity
8.53% p.a.
  • Initial Cash Investment
    €86,764
  • Opening Loan Balance
    €130,146
  • Ending Cash Balance
    €230,578
  • Ending Loan Balance
    €93,572
GROWTH
Initial Operating Balance
€24/month
  • Initial Rental Income
    €380
  • Initial Rental Costs
    €84
  • Initial Loan Interest
    €271
  • Initial Operating Balance
    €24
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.
Classic Altbau Apartment as Investment
Smetanastraße 22, 13088 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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