Description

Building with Residential Units at a Favorable Price and Stable Income! Location: District: Buckow City: Berlin Administrative District: Neukoelln The building offered for your consideration is located in the southern part of Berlin, in a quiet and green neighborhood of Buckow. The building was constructed in 1995 and is in excellent condition. It has 4 floors, with a basement and an underground garage around the entire perimeter. Residents have access to a large green area, playgrounds, and parks within the complex. Central gas heating is installed. The total residential area of the building is approximately 363.54 m², distributed over 5 apartments. The apartments are in very good condition and equipped with modern amenities: spacious rooms, laminate flooring in the rooms, tiled walls and floors in the bathrooms and kitchens, new soundproof windows, built-in kitchen units, and each apartment has a balcony or terrace. A special feature of the ground floor is the presence of a private green garden. Each apartment is assigned a basement room and a parking space in the underground garage, which are included in the total price of the building. All apartments, except one, are rented out. The current rent is €1,995.25/month for the apartments and €135.00/month for the garages, totaling approximately €25,563/year, which equates to about 2.5% annual yield. The apartments are rented at relatively low rates, so there is an opportunity to increase the rent by 15% immediately after purchase. There is already interest from potential tenants for the vacant fifth apartment. After raising the rent and renting out the fifth apartment, the rental income could amount to approximately €3,115.39/month or €37,384.68/year, potentially yielding about 3.7% annually! The property has excellent transport links, located between the U6 Alt-Mariendorf and S2 Buckower Chaussee metro stations. Nearby are kindergartens, doctors, schools, numerous everyday stores, restaurants, cafes, etc. The B96 and BAB A100 autobahns provide easy and quick access to any point in Berlin! According to the owner’s conditions, further information about the property will be provided only after the buyer's candidacy is approved by the seller. Photos, plans, and architectural drawings of the facades are not published.