Year of construction:        1900

Total area:                   1615,00 m²

Net income/year:         € 75,236

Net Yield min:                  7.9%

Purchase price:            € 950,000

Rent increase:              Up to 20%

Net Yield Max:                 9.48%

The complex is located in a quiet residential area of Berlin-Wedding and is available for sale as an entire block. There is plenty of beautiful green scenery near to the property,along with a variety of public transport links, and one of the largest shopping centres in Berlin (Gesundbrunnen Centre) also nearby to the complex.

The building consists of a front house and three side wings. There are 26 flats and 3 commercial units. The property has been gradually renovated in recent years. There are newly fitted windows and a new gas central heating system. All bathrooms have recently been renovated. The apartments all have timber wood flooring. The building is also fully tenanted.