Occupied flat as buy-to-let investment toward your retirement
Raised in 1925, this apartment building on the corner of Florastrasse and Dusekestrasse is located in what is now the Florakiez neighbourhood in Berlin’s district of Pankow. The building stands out on this street, which was mainly developed at the turn of the nineteenth century, because of its straight lines, its conspicuously rounded shape at the corner of the street, and its wide, differently shaded windows. A total of 42 units are spread across four floors, with several ground-floor units used for commercial purposes. The flats range in size from around 49 sqm to 74 sqm and two to three bedrooms, and feature day-lit bathrooms equipped with tub. The original board flooring has been preserved in some units, and lends a cosy flair to them. Some of the units even have the old terrazzo floors. Heating and the hot water supply are provided by a central gas-fired heating system. Most of the residential units come with balconies overlooking the courtyard that are perfect for spending quiet hours. The basement houses the tenant cubicles, which offer additional storage space, while the attic floor divides into common areas and private spaces allocated to the flats.