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Compact Studio Apartment with Balcony as Investment

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Living space
38
Bedrooms
1
Living rooms
1
Bathrooms
1
Rented since
07/2011
€145,350
€3,800/m²
BUYER COMMISSIONCommission-Free

Highlights

Historic building, dating to 1908, recently modernised

North-facing balcony

High ceilings and lots of natural light

Practical layout

Very popular neighbourhood

Description

The Building

The five-storey, south facing building with its newly painted exterior consists of a front and garden house, with two connecting courtyards. Over the years, it has been continually modernized; the latest renovation was completed just this year. The 1- and 2-bedroom apartments have compact, practical layouts, offering the ideal set-up for singles and couples.

The Apartment

Sitting on the first floor of the quiet garden-house, this compact studio apartment offers perfect modern city living in a hugely desirable part of the city. The hallway opens onto a spacious kitchen, a bathroom, and the combined living/bedroom. There is wooden flooring throughout the apartment, and the high ceilings and balcony add to the charm and ease of living. The apartment is sold in its current, rented condition.

The Location

The calm, tree lined street offers relaxed Kiez living in the heart of an area currently enjoying a vibrant phase of regeneration. It enjoys good connections to public transport, with the underground line number 8 and S-Bahn ring close by proving easy access to the rest of Berlin. The location is surrounded on almost every side by beautiful green spaces, offering ample opportunities for sport and relaxation. To one side is the remarkable expanse of the former Tempelhof airfield, and on the other, the tranquil Thomashöhe, and Hasenheide public park.

Apartment ID:13
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FEATURES

Balcony
Cellar

APARTMENT DETAILS

Firing: Gas
Heating: Central
1st 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
9.48% p.a.
Down payment
€63,373
MONTHLY PAYMENT
€78/month

Projected financial performance

All projections are estimated for a period of 10 years.
Summary
Apartment
Financing
Market
Transaction
PURCHASE
Down Payment
€63,373
megaicons/down-payment
  • Purchase Price
    €145,350
  • Closing Costs
    €13,082
  • Opening Loan Balance
    €95,059
  • Initial Cash Investment
    €63,373
RETURN
Return on Equity
9.48% p.a.
  • Initial Cash Investment
    €63,373
  • Opening Loan Balance
    €95,059
  • Ending Cash Balance
    €168,415
  • Ending Loan Balance
    €68,345
GROWTH
Initial Operating Balance
€78/month
  • Initial Rental Income
    €330
  • Initial Rental Costs
    €54
  • Initial Loan Interest
    €198
  • Initial Operating Balance
    €78
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.
Compact Studio Apartment with Balcony as Investment
Okerstraße 12, 12049 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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